Luanda - A financing program, with a credit line of up to 250 million US dollars for each Angolan banking institution was presented Wednesday in Luanda by the American company Amber Keye Inc.
Speaking about the program, the chairman of the board of directors of the US company, Kwasi Anim, said the company has created opportunities for the private sector in Angola to receive the funding.
He added that they are making it easier for medium and small companies, especially those led by women and young people, to benefit from funding at a rate of between 4 and 7 percent.
“I'm here to make it clear that there are many facilities that US government agencies can support in Angola,” he said, referring above all to this credit line.
Kwasi Anim considered it to be a facility for banks and non-bank financial institutions to qualify for financing support through the Standard Chartered bank in New York.
The CEO of Dabg Angola Business Group, Arsénio Bumba, on his turn said the credit line is part of a digital platform aimed at attracting investors and funding to Angola and that the amounts should be channeled through banks, as it is external financing to capitalize the banks.
“We have managed to have direct contact so that this funding opportunity can reach the country's private sector,” he said.
The president of the Angolan Chamber of Commerce and Industry (CCIA), Vicente Soares, said the amounts to be mobilized by the credit line will be directed to national banks, which would finance small and medium-sized companies.
The leader of the Industrial Association of Angola (AIA), José Severino, on his side, said he believes that large companies find it easier to deal with national banks “because they are not risky institutions, unlike small and medium-sized ones, which are more risky.
However, he said that the association hopes to count on the support of the Ministry of Finance in this opportunity.
Amber Keye Inc is focused on developing infrastructure projects mainly on the African market. Its aim is to contribute to the sustainable and diversified growth of the national economy. HM/VC/AMP
