Luanda - The chairman of the Board of Directors of the Credit Guarantee Fund (FGC), Luzayadio Simba, said this Thursday, in Luanda, that US$25 million in guarantees had been made available to companies headquartered in the Special Economic Zone (ZEE).
The information was provided after the signing of an agreement between the FGC and the ZEE management, which took place within the framework of the 9th edition of Expo/Indústrias (Expo/Industry), where the official said that the investment will serve, above all, to bring together financiers and producers.
Within the scope of the guarantees provided by the fund, the commercial banks granted credit in the order of 50 million US
dollars to the aforementioned companies.
"This agreement aims above all to facilitate companies operating in the Special Economic Zone to have access to financing and, in this way, be able to increase their production capacity", he asserted. He recalled that the fund has already facilitated, so far, fifteen companies in the ZEE, so the objective is to continue to facilitating the process of industries in obtaining financing.
On his part, the chairman of the Board of Directors of the Special Economic Zone, Manual Pedro, made it known that this agreement will allow partners to obtain financing and allow industries to increase their production capacity.
The 5th edition of Expo-indústry/2023, which started on March 29 and ends on April 1, in the Special Economic Zone (ZEE) Luanda-Bengo, takes place in an area of two thousand square meters of exhibition space and has 238 exhibitors, national and international ones.
Among the main sectors on display, civil construction stands out with 22%, commerce and distribution (12%), the textile and catering sectors with 11% each, handicrafts (10%), oil and gas and agribusiness with 8%, respectively, while banking and insurance, as well as real estate industry have a five percent representation.
