Maputo, 18 Aug (AIM) – Mozambique’s National Investment Bank (BNI) has about 25 million dollars available to finance the export of goods generated by Small and Medium-sized Enterprises (SMEs).
The amount, according to Ancha Omar, the BNI head of Business Development, is provided by the BNI in partnership with the Afreximbank in order to boost credit for export of goods owned by the SMEs.
“The enterprises will have a subsidy of 500,000 up to 6.5 million dollars. The BNI wants to support exporter SMEs in order to boost their production by developing new products and their expansion to foreign markets”, Omar said, during the recent launch of the fund, in Maputo city.
According to Omar, BNI, as a state-owned institution, prioritises enterprises that guarantee a healthy tax contribution, “therefore, it is crucial to have enterprises properly registered, without debts with other banks.”
Those enterprises that need amounts of less than 500,000 dollars will have to negotiate with the bank about their real needs so that better alternatives may be found.
“We want to facilitate the growth of SMEs and the country itself, which means the companies may call us so that we can assess their real needs, in the context of these subventions”, she said.
For his part, Evaristo Dias, from the Confederation of Mozambican Business Associations (CTA), stressed that the measure aims to boost the companies so that they may have capacity to export their products.
“Our country must produce and must reduce imports, which means it must export more. With this, we will have a healthy balance of trade”, he said.