Financing for micro, small and medium-sized companies approved, but eligibility criteria and conditions for access “not yet disseminated” – report

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Financing for micro, small and medium-sized companies approved, but eligibility criteria and conditions for access “not yet disseminated” – report

2:46 CAT | 15 Jun 2020

Photo: O País

Micro, small and medium-sized companies in Mozambique will benefit from a treasury and investment credit line approved by the government in early June.

The one billion meticais fund is being managed by the National Investment Bank (BNI), but the eligibility criteria and conditions for access have not yet been disseminated by the Ministries of Industry and Commerce, Economy and Finance and Bank of Mozambique, as established by decree 37/2020 of June 2.

According to its founding provisions, the credit line provides short-term facilities and support medium-term business initiatives.

In addition to micro, small and medium-sized companies, companies operating within the Economic Activities Classifier guidelines are also eligible.

By Ernesto Martinho

Source: O País