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National Banking System Must Invest More in Local Production Incentives

May 14, 2014

The national banking system must invest more in supporting local production through the financing various projects, said on Tuesday in Luanda, the chairman of the Angolan Industrial Association (AIA), JosÉ Severino.

Speaking at the seminar on "The challenges of de-dollarization of the economy", JosÉ Severino said that the New Custom Tariff Act will stimulate the national producers and the banks, because they are protected against importation.

"With this New Custom Tariff Act, the producers are protected from importations, as well as the banks are protected in order to finance the local production. So, it is important that micro, small, and medium enterprises participate more actively, instead of being spectators, as they have been all these years", said the source.

JosÉ Severino stated also that AIA's intention is to improve the relation of the banking system with micro, medium and small enterprises, through the "Angola Investe" programme.

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Source: AllAfrica

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