GOVERNMENT DISCUSSES ANGOLA INVESTE PROGRAMME

Angolan Government has analysed the implementation of Angola Investe programme during the 10th joint meeting of Economic Commission and Commission for Real Economy of Cabinet Council chaired by president Jose Eduardo dos Santos, said a communique released at the end of the meeting.

The document stresses that in 2015 the programme accounted for about 18 percent of the total approved credit and 11 percent of credit disbursed by commercial banks.

However, the value of overall credit approved grew 22 percent compared to 2014, with 120 approved projects that can generate more than 65,000 direct and indirect jobs, the source added.

In addition to diversification of economy, Angola Investe Programme is also aimed at strengthening Micro, Small and Medium Sized Enterprises.

Focused on strategy to get out of crisis, the government approved a document to stimulate and incentive domestic producers to complete the supply chain of raw and subsidiary materials.

The move is meant to boost the country’s production of intermediate goods currently obtained through imports.

The meeting also approved the cash flow for June this year, a document that projects inputs and outputs of financial resources of the said period.

Finally, the Commissions took note of urban study of Zango Intermediate Zone.

Source: Nam News Network