Last week Sasol in Mozambique began the financing phase of business plans for entrepreneurs from the districts of Inhassoro and Govuro in the province of Inhambane.
By June of this year, Sasol will financially support 150 business initiatives, with the first 20 beneficiaries having received their funding this week in a ceremony led by the Administrator of Inhassoro, Dulce Canhemba.
This project is part of the Local Development Agreements (LDA), which, in the Entrepreneurship subcomponent, is training 500 young people in Business Management. Of the total number of young people in training, 250 are benefiting from mentoring and technical assistance, and the 150 best business plans receive financial support for the creation or expansion of their businesses.
With the funds I received, I will increase chicken production to supply the district of Inhassoro and surrounding districts,” said Carolina Marcos, a program beneficiary.
Dulce Canhemba recognizes the contribution of Sasol’s initiative to job creation and income generation in Inhassoro and urged beneficiaries to make good use of the funds.
On the occasion, the General Director of Sasol in Mozambique, Ovídio Rodolfo, said that the start of disbursement represents a very important milestone for the entrepreneurship promotion project.
The Local Development Agreements (LDA) are tripartite agreements between Sasol, local communities, and district governments (Govuro and Inhassoro), aimed at aligning the priorities of the three parties, in accordance with the Corporate Social Responsibility Policy of the Extractive Industry.