Trending
- Turkey Brokers a Dispute Ceasefire Between Ethiopia and Somalia
- BRICS antitrust authorities turn the heat on trade platform Covantis
- From fossil fuels to green futures: Oxford and EBC Financial Group on what’s holding us back
- Africa’s natural resources: Will Trump’s policies benefit or exploit the continent?
- US Sanctions Zimbabwe’s gold smuggling Kingpin Kamlesh Pattni
- From Industry 5.0 to Future Finance: AIM Congress 2025’s bold agenda, key partners unveiled
- John Mahama Makes a Comeback as Ghana’s President
- Zambia’s solar energy drive: Fighting rural energy poverty with renewable options
Browsing: Tomas Matola
Following recent announcements from the government, Mozambique’s BNI (Banco Nacional de Investimentos) is about to launch two credit lines to assist the country’s SMEs to mitigate the effects of the COVID19 pandemic.
Small and medium companies represent the core of the country’s formal/ informal economy and have been heavily affected by the pandemic. The new credit lines are due to be officially announced by BNI this week and will address specifically SMEs, hospitality and education with an expected interest rate below the market rates.
Also Read: Legal pointers for Mozambique SMEs
The credit lines are meant to assist companies affected by COVID-19 in the entire country and are being financed by the government and the INSS. BNI expect the credit lines to address such issues as maintenance, restitution and the increase of jobs and household income as well as to provide some much breathing room cashflow in affected companies.
Although …