Luanda – The African Development Bank (BfDA) announced Wednesday in Luanda it has set aside Usd 2.0 billion to finance projects in the private sector in the 2010/2014 period.
 

The announcement followed a seminar sponsored by the BfDA with the participation of business people to discuss business opportunities, products and initiatives of support for the private sector.

The seminar with representatives of the BfDA with Angolan business people is expected to permit the institution to outline financing strategies for the 2010/2014 period.
 

Addressing the meeting, the BfDA official for the southern region, Martim Septime, said the institution has defined priority areas for an economic infrastructural action, higher education, good governance and support for the private sector.
 

The seminar, the first of its kind in the country, was intended to inform the Angolan private sector about the opportunities the BfDA can provide for local entrepreneurs, the criteria of access and selection of candidates for the grants available.

Addressing the opening of the meeting, the BfDA governor for Angola, Ana Dias Lourenço, appealed to the private sector for a pro-active participation in the national reconstruction process.

Ana Lourenço, who is also Angolan Planning minister, highlighted the importance of the BfDA in granting credit to Angolan business people of the private sector, with a view to equipping them with the financial capacity to carry out their investments.

She also spoke of the need of the financial sector to support the private initiative that proves to be promising from the perspective of sustainable generation of job and revenue.

The African Development Bank was established in 1964, has currently 77 members, 53 of which from Africa and 24 non-African. It employs about 1,500 workers.