Africa-Press – Angola. One hundred and 50 young people, including entrepreneurs and civil society from the province of Huambo, were trained, this Friday, on personal and family finance management techniques, in an initiative by the JMPLA Secretariat.
The seminar aimed to provide young people with knowledge and tools in order to be prepared for the country’s future challenges, as well as improving the quality of family life.
Speaking to the press, at the end of the training session, the acting first secretary of JMPLA in the province of Huambo, Rufino Evaristo Muteka, said that the youth organization of the MPLA political party is concerned with creating policies aimed at improving the living conditions of people and encourage them to invest in entrepreneurship, to promote self-employment.
He considered JMPLA as a dynamic organization and a true school, where young people prepare to contribute to actions to strengthen the party and social and economic development of the country.
For this to happen, he said discipline, humility, sacrifice and dedication to studies are necessary, in addition to the spirit of saving your personal income and economic resilience, for the success of micro, small, medium and large companies.
Rufino Evaristo Muteka said that the seminar served to help young people redouble their efforts to promote entrepreneurship, with a focus on multiplying economic results and, at the same time, being creative in the use of financial resources, with a view to providing greater sustainability to companies.
It was necessary to have fundamental tools for personal and family financial management techniques, to avoid significant economic losses when trying to expand the development of local communities from different perspectives of the social sphere.
Participants also addressed topics related to budget preparation, planning, market study, knowledge of the target audience, competition and the advantages of investing capital using financial management techniques in small and medium-sized companies.
Reduction of banking bureaucracy
In turn, participants defend the need to reduce banking bureaucracy, in order to facilitate access to micro-credits and, consequently, avoid the bankruptcy of micro and small companies.
They denounced the existence of excessive bureaucracy to access microcredits in the main commercial banks in the province of Huambo.
Entrepreneur Mateus Muxinde said that he needs financial incentives to recover his perfume sales company that went bankrupt due to lack of financing, so he is waiting for advocacy from the Government of Huambo and other related bodies.
Helena Augusta, another entrepreneur revealed that she stopped doing men’s clothing business, due to a lack of financial incentive to revitalize her company.
Without bank loans, it becomes difficult to improve economic returns, taking into account the banks’ excessive bureaucracy, said young José Segunda.
Pedro Luvemba stated that reducing banking bureaucracy will help promote economic development and, at the same time, improve the well-being of families.
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