Mozambique: Governor of Nampula engages in industrial development talks at MozParks
US$11 million credit line for Mozambican SME’s is now open
3:20 CAT | 07 Dec 2015
In file United Nations
Mozambique’s Institute for the promotion of Small and Medium Enterprises (IPEME) yesterday announced the availability of about US$11 million to finance small and medium enterprises (SMEs) in several areas of the economy.
The funds are the result of an extension to the Corporate Fund for Portuguese Cooperation (FECOP) protocol signed in 2014 between the Portuguese government and Mozambique’s Ministry of Industry and Trade.
The fund is designed to address challenges in the area of access to finance and will be administered by Millennium bim, Moza, Banco Comercial e de Investimentos (BCI) and the Banco Único and loans will carry a subsidized interest rate estimated at about 11 percent per annum.
Source: Jornal Notícias
Show comments
Also read
Leave a Reply
Be the First to Comment!
You must be logged in to post a comment.
You must be logged in to post a comment.