Luanda - The Ministry of Economy launched Wednesday in Luanda the operationalisation of the Angolan Risk Capital Fund (FACRA), under the Programme of Development Micro, Small and Medium Firms (MPME), Angop learnt.

The ceremony of launch of the fund was marked by the signing of an accord between the Ministry of Commerce and the Kwanza Management Society of Entrepreneurial Projects, an entity hired to ensure the implementation of the FACRA.

The minister of Economy, Abraão Gourgel, and the chairman of the mentioned society, Alberto Mendes, signed the documents.

Created on July 07, 2012, the fund has as its goal to provide stable long term funding for the start and expansion of the Angolan MPME.