{"id":41538,"date":"2023-06-28T11:43:33","date_gmt":"2023-06-28T11:43:33","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/bni-and-afreximbank-sign-line-of-credit-agreement-for-smes"},"modified":"2023-06-28T11:54:13","modified_gmt":"2023-06-28T11:54:13","slug":"bni-and-afreximbank-sign-line-of-credit-agreement-for-smes","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/bni-and-afreximbank-sign-line-of-credit-agreement-for-smes","title":{"rendered":"BNI and Afreximbank sign line of credit agreement for SMEs"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>The National Investment Bank (BNI) and the African Export and Import Bank (Afreximbank) on Tuesday (20-06) signed a strategic agreement for the establishment of a credit line called \u201cAfreximbank \u2013 Revolving Working Capital Facility\u201d, with the aim of boosting small and medium-sized enterprises (SMEs) operating in the agribusiness, light industry, food processing and logistics value chains.<\/p>\n

BNI representative Abdul Jivane said the main objective of the credit line was to improve the profitability of export business revenues, as well as allowing SMEs to obtain the necessary capital to carry out their activities.<\/p>\n

\u201cThis initiative is expected to provide companies with greater capacity to expand their operations and reach new markets, resulting in a significant increase in exports. In addition, it will contribute to the inflow of foreign currency into the country, promoting the improvement of the trade balance and reducing dependence on imports,\u201d Jivane advanced.<\/p>\n

In turn, the vice-president of Afreximbank, Denys Denya, said that the agreement between the two institutions constitutes an important milestone in supporting the SME sector, as it recognizes the crucial role they play in the country\u2019s economic development.<\/p>\n

\u201cWith access to the financial resources provided by this line of credit, small and medium-sized companies will have the opportunity to leverage their businesses, thus strengthening the local economy,\u201d Denya said.<\/p>\n

Denya added that \u201cby providing financial support to SMEs, we seek to create an enabling environment for increased production, development of new products and expansion into international markets. With the implementation of this agreement, we hope that the institutions will be well positioned to face the challenges and take advantage of global opportunities, thus contributing to the sustainable development of the country\u201d.<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. The National Investment Bank (BNI) and the African Export and Import Bank (Afreximbank) on Tuesday (20-06) signed a strategic agreement for the establishment of a credit line called \u201cAfreximbank \u2013 Revolving Working Capital Facility\u201d, with the aim of boosting small and medium-sized enterprises (SMEs) operating in the agribusiness, light industry, food processing […]<\/p>\n","protected":false},"author":84,"featured_media":41537,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,281,283],"class_list":["post-41538","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nBNI and Afreximbank sign line of credit agreement for SMEs - Mozambique<\/title>\n<meta name=\"description\" content=\"The National Investment Bank (BNI) and the African Export and Import Bank (Afreximbank) on Tuesday (20-06) signed a stra ...\" \/>\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\/mozambique\/all-news\/bni-and-afreximbank-sign-line-of-credit-agreement-for-smes\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BNI and Afreximbank sign line of credit agreement for SMEs\" \/>\n<meta property=\"og:description\" content=\"The National Investment Bank (BNI) and the African Export and Import Bank (Afreximbank) on Tuesday (20-06) signed a stra ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/bni-and-afreximbank-sign-line-of-credit-agreement-for-smes\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-28T11:43:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-28T11:54:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/06\/sm_1687936946.485969.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1536\" \/>\n\t<meta property=\"og:image:height\" content=\"939\" \/>\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\/mozambique\/all-news\/bni-and-afreximbank-sign-line-of-credit-agreement-for-smes#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/bni-and-afreximbank-sign-line-of-credit-agreement-for-smes\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"BNI and Afreximbank sign line of credit agreement for SMEs\",\"datePublished\":\"2023-06-28T11:43:33+00:00\",\"dateModified\":\"2023-06-28T11:54:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/bni-and-afreximbank-sign-line-of-credit-agreement-for-smes\"},\"wordCount\":298,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/bni-and-afreximbank-sign-line-of-credit-agreement-for-smes#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/06\/sm_1687936946.485969.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/bni-and-afreximbank-sign-line-of-credit-agreement-for-smes#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/bni-and-afreximbank-sign-line-of-credit-agreement-for-smes\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/bni-and-afreximbank-sign-line-of-credit-agreement-for-smes\",\"name\":\"BNI and Afreximbank sign line of credit agreement for SMEs - 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