Luanda – More than 50 investment projects of national entrepreneurs are being analyzed by Savings and Credit Bank (BPC), for funding under the implementation of the government programme to support micro, small and medium companies dubbed “Angola Investe”.

This was said to Angop on Friday by the director of BPC’s small and medium companies, Sebastião Manuel.

According to him, BPC expects to avail until the end of this year AKZ 1.91 billion, under this programme aimed to boost and strengthen the national entrepreneurship.

He clarified that to obtain the fund, the micro, small and medium companies (MPME) will be certified by the National Institute of Supporting Small and Medium Business (INAPEM).

Sebastião Manuel said the fund will be availed to those entrepreneurs that will present economically feasible projects in the sectors of agriculture, cattle breeding, fisheries, construction materials, services to support the fields of production, manufacturing industry,
geology and mining.

The director said that BPC is assessing investment projects from the provinces of Kwanza Norte, Malanje, Bié, Huambo, Bengo, Kwanza Sul, Lunda Norte, Lunda Sul and Huambo.

The official stressed that under a specific mechanism, the State covers 70 percent of the debt capital, with the MPME paying a two percent a year for the guarantee fund.