Angola is developing a national strategy to foster entrepreneurship.The strategy will help diversify the country’s oil-dependent economy and tackle unemployment, estimated at 30.2% among people aged 15 and above.Entrepreneurship can drive sustainable development and promote inclusive growth.Developing a national entrepreneurship strategy in Angola is high on the political agenda and aligned with the country’s 2050 strategy, focused on economic diversification and growth,
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Invest Angola Provides Entrepreneurs with 60 Billion Kwanzas in Less Than Two Years
The Angolan Government has so far awarded a total of 600 million US dollars (about 60 billion Kwanza) to entrepreneurs as a part of its impressive Angola Invests programme, which aims to support national Small and Medium Enterprises (SME) in the country. This huge sum of money, which has been invested into 204 separate approved business plans over an 18 month period, was given by commercial banks involved in the plan said Samora Kitumba, administrator of Research, Planning and Finance at National Institute of Support to Micro, Small and Medium Enterprises (INAPEM).