EIB injects $33.7 mln into SMEs in Angola
Tuesday, 16 July 2019 15:08
The European Investment Bank wants to support the development of Angola. The bank says it is considering investing €30 million ($33.7 million) in high growth potential Small- and mid-sized companies. Funds will be managed by commercial banks operating in the country.
Marc Leistner, representative of Angolan Bank, indicates funds are expected to be available by 2020 but before that, EIB will select the commercial bank that will manage the money. Selection will be carried out by October 2019.
This is not EIB’s first investment in Angola. As a reminder the Bank approved €15 million in 2017 to TV Cabo Angola to boost Internet as well as radio and tv services in the country.
Chamberline Moko
Live News
-
Democratic Republic of Congo: First Investment Announcement of $700 M, Tied to Peace Deal with Rwanda
14:57
-
Cameroon cuts EU, UK import tariffs on key goods to 60% under EPA
18:02
-
Cocoa processing in Cameroon tops 100,000 tons for first time
18:01
-
Mali’s Sadiola gold mine output drops 5% in H1 2025
18:00
-
Nigeria enacts 2025 insurance reform law to boost sector growth
17:58
-
Zimbabwe gets $62mln China support for growth and food security
17:54
-
Financial Inclusion: Ecobank Togo, La Poste Launch Two New Products
14:32
-
INAM Expands Universal Health Insurance to Widows, Widowers, and Orphans in Togo
14:30
-
Togo Launches 4th FESMA to Celebrate African Gastronomy
10:49
-
With Welo, Zanele Abraham Matome Redrafts Africa’s Healthcare Playbook
07:54
• Ivory Coast is said to be negotiating a €800M syndicated loan with Standard Chartered and Soc...
Located on the southeastern coast of Zanzibar, Jambiani is a coastal village that captivates visitor...
• New system will link banks, fintechs, and mobile operators in a single platform• Real-time transfe...
• US reduced initial April rates (up to 50%) to 10-30% in August for some African nations, exempting...
MTN Uganda, MTN Mobile Money and the Uganda Hotel Owners Association signed an MoU on 1 August 202...
Symbion pledges $700 million for 140 MW methane plant on Lake Kivu. Investment is, however, conditional on full implementation of 27 June 2025...
Sadiola mine produced 94,515 ounces of gold in H1 2025, down from 100,114 ounces in 2024. Allied Gold expects stronger output in H2 as mine...
President Bola Tinubu signs NIIRA 2025, replacing the 2003 insurance law. The law raises capital requirements, enforces mandatory policies, and...
Zimbabwe and China sign $55 million cooperation pact and $6.9 million food aid agreement. The deal aims to boost socio-economic...
In the heart of the Malian city of Djenné, the world’s largest mud-brick building dominates the skyline: the Great Mosque. First built in the 13th...
• Tekken unveils "Miary Zo," a Malagasy female fighter who practices Moraingy, a traditional martial art.• She is the second African character in the...