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Angola: PRODESI funds US$650M worth of projects

Five hundred and twelve projects, valued at Akz 426 billion (US$650M), were approved by the financial instruments and products available under the Programme to Support Production, Diversification of Exports and Import Substitution (Prodesi).

Among the financial instruments and products is BNA’s Notice 10/20, 123 projects approved, valued at 268 billion kwanzas, Deutsche Bank Credit Line, with Akz 99 billion for four approved projects.

The package also includes the Economic Relief Measure, with Akz 36 billion for 363 projects, CAP, with 22 billion for 19 projects and other Instruments and Financial Products from the Commercial Banking sector, with a value of 574 million for three approved projects.

Also read: Despite pandemic, Africa still prime investment destination for Asia – AfDB webinar

Of the 45,000 jobs planned for by the 512 projects financed, 30,000 were created.

According to the Secretary of State for the Economy, Mário Caetano João, 146 cooperatives saw their projects approved, worth 3.6 billion kwanzas, as part of the Cooperatives Financing Line.

Currently 1,074 contracts are registered on the electronic platform of the future purchase at the level of the National Directorates for Trade, Industry, Agriculture, Fisheries, Veterinary services of the 18 provinces of the country.

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