{"id":41562,"date":"2023-08-08T17:21:03","date_gmt":"2023-08-08T17:21:03","guid":{"rendered":"https:\/\/www.africa-press.net\/angola\/?p=41562"},"modified":"2023-08-08T16:17:17","modified_gmt":"2023-08-08T16:17:17","slug":"fgc-and-bni-sign-partnership-agreement","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/angola\/all-news\/fgc-and-bni-sign-partnership-agreement","title":{"rendered":"FGC and BNI sign partnership agreement"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Angola. <\/strong><\/span><b>A cooperation agreement for granting credit guarantees to micro, small and medium-sized companies and individual entrepreneurs was signed this Monday in Luanda by the Fundo de Garantia (FDG) and Banco de Negocio Internacional (BNI) .<\/b><\/p>\n<p>The partnership, created within the scope of the Commercial Agriculture Development Project (PDAC), will benefit cooperatives and small farmers who are duly certified by the Institute of Small and Medium Enterprises (INAPEM), linked to the production of corn, beans, soy, coffee , eggs and chicken.<\/p>\n<p>Speaking to the press, the chairman of the FGC, Luzadio Simba, explained that the institution&#8217;s function is to guarantee the sustainability of projects that present insufficient real guarantees.<\/p>\n<p>He reiterated that interested parties must be free of tax debt and overdue credit at bank level and be a producer of cereals such as beans, soy and the production of eggs and chickens.<\/p>\n<p>In turn, the chairman of the Executive Committee of BNI, Ma\u0301rio Moreira Palhares, explained that the maximum amount for granting credit ranges from 85 to 125 thousand euros.<\/p>\n<p>According to the official, with this agreement the bank is expanding the chain of bank branches that support, through financing and with the public guarantee of the FDG, the Project for the Development of Commercial Agriculture, conceived by the Angolan Government, in partnership with the World Bank and the French Agency of development.<\/p>\n<p>The Commercial Agriculture Development Project is a program developed by the Government of Angola, through the Ministry of Agriculture and Forestry, with funding from the World Bank and the French Development Agency, in a geographically selected area with the aim of developing the agricultural sector, combating poverty, empower young people and increase employment.<\/p>\n<p>Within the scope of the PDAC, the FGC also has a partnership with the BFA, BAI and SOL banks.<\/p>\n<p>The memorandum, which forms part of the Project for the Development of Commercial Agriculture designed by the Ministry of Agriculture and Forestry with support from the World Bank and the French Development Agency, will allow the growth of cereal and chicken production in the country.<\/p>\n<p>The Credit Guarantee Fund is a non-banking financial institution, created in 2012, by Presidential Decree 78\/12, given the need for an entity that would facilitate access to credit for companies and entrepreneurs who could not access the financial system due to lack of credit.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/angola\">Angola<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Angola. A cooperation agreement for granting credit guarantees to micro, small and medium-sized companies and individual entrepreneurs was signed this Monday in Luanda by the Fundo de Garantia (FDG) and Banco de Negocio Internacional (BNI) . The partnership, created within the scope of the Commercial Agriculture Development Project (PDAC), will benefit cooperatives and [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":41561,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,244],"tags":[233,337,329],"class_list":["post-41562","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-to-homepage","tag-africa-press","tag-africa-press-angola","tag-angola"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>FGC and BNI sign partnership agreement - Angola<\/title>\n<meta name=\"description\" content=\"A cooperation agreement for granting credit guarantees to micro, small and medium-sized companies and individual entr ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/angola\/all-news\/fgc-and-bni-sign-partnership-agreement\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FGC and BNI sign partnership agreement\" \/>\n<meta property=\"og:description\" content=\"A cooperation agreement for granting credit guarantees to micro, small and medium-sized companies and individual entr ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/angola\/all-news\/fgc-and-bni-sign-partnership-agreement\" \/>\n<meta property=\"og:site_name\" content=\"Angola\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-08T17:21:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/angola\/sites\/65\/2023\/08\/sm_1691493742.6957.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1692\" \/>\n\t<meta property=\"og:image:height\" content=\"1085\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/fgc-and-bni-sign-partnership-agreement#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/fgc-and-bni-sign-partnership-agreement\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/angola\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"FGC and BNI sign partnership agreement\",\"datePublished\":\"2023-08-08T17:21:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/fgc-and-bni-sign-partnership-agreement\"},\"wordCount\":398,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/fgc-and-bni-sign-partnership-agreement#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/angola\/sites\/65\/2023\/08\/sm_1691493742.6957.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Angola\",\"Angola\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/angola\/all-news\/fgc-and-bni-sign-partnership-agreement#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/fgc-and-bni-sign-partnership-agreement\",\"url\":\"https:\/\/www.africa-press.net\/angola\/all-news\/fgc-and-bni-sign-partnership-agreement\",\"name\":\"FGC and BNI sign partnership agreement - 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