ANGOP - Angola Press News AgencyANGOP - Angola Press News Agency

Go to homepage
Luanda

Max:

Min:

Home » News » Economy

Thu, 09 Jan 2020 17:02 - Updated Thu, 09 Jan 2020 16:37

Over 50 young people benefit from credit in Moxico

Luena - Fifty-four young graduates from entrepreneurship in the province of Moxico benefited from bank credit from October to last December, under the Action Plan for the Promotion of Employability (PAPE).

Send by email

To share this news by email, fill out the information below and click Send

Correct

To report errors in the texts of articles published, fill out the information below and click Send

Moxico: Director of Provincial Office for Integrated Economic Development, Guimarães Pinto Luís

Photo: kinda kyungu

Speaking to the press, the director of the provincial office of Integrated Economic Development, Guimarães Pinto Luís, explained that the credit covered entrepreneurs in the areas of sewing, hairdressing, quarry, pastry, cooking, among others and was made available by Banco Sol.

Without specifying the amount of this first phase of the project, the official who was speaking at the end of the first ordinary session of the government pointed out that to start the business, each beneficiary was granted an amount of 300,000 kwanzas.

For the success of this program, which runs until 2022, the beneficiaries will have technical assistance from the National Institute of Employment and Vocational Training (INEFOP).

The advisory, he justified, aims to avoid the bankruptcy of small companies created under the PAPE.

Read also
  • 08/01/2020 20:01:51

    Five companies top insurance market

    Luanda - At least five of the 27 insurers operating in the Angolan market concentrate 75 percent of insurance premiums issued in 2018, estimated at 104.8 billion kwanzas.

  • 08/01/2020 10:17:32

    AIPEX and UAE trade chamber sign memorandum

    Luanda - The Private Investment and Export Promotion Agency of Angola (AIPEX) and the Angola/United Arab Emirates Chamber of Commerce and Industry initialled last Tuesday, in Luanda, a memorandum of understanding for negotiations of credit lines and financing packages.

  • 06/01/2020 11:03:11

    Minister hands out 3,500 chicks to boost poultry activity

    Ndalatando - The minister of Agriculture and Forestry, António Francisco de Assis, handed out last Friday 3,500 chicks for the development of poultry farming activity in Pampa locality, Municipality of Lucala in the northern Cuanza Norte Province.