"Invest Angola" Provides Entrepreneurs with 60 Billion Kwanzas in Less Than Two YearsThe Angolan Government has so far awarded a total of 600 million US dollars (about 60 billion Kwanza) to entrepreneurs as a part of its impressive 'Angola Invests' programme, which aims to support national Small and Medium Enterprises (SME) in the country.
"This huge sum of money, which has been invested into 204 separate approved business plans over an 18 month period, was given by commercial banks involved in the plan" said Samora Kitumba, administrator of Research, Planning and Finance at National Institute of Support to Micro, Small and Medium Enterprises (INAPEM).
The Angola Invests Programme was created in order for the Government to support Small and Medium Enterprises in Angola. The project is aimed at investments in sectors of productive activity, with priorities for Agriculture, Livestock, Fisheries, Construction Materials, support services to production sector, manufacturing , Mining and Energy Industries.
Samora Kitumba went on to add that "the amount corresponds to the financing of enterprises or projects of various sizes and different sectors."
The main aim for this programme, which was launched in late 2012, is to have about 500 projects being financed by the end of 2014, and judging by the already high number of approved start ups being funded, this figure is not just a dream, but a genuine possibility.