The Confederation of Economic Associations (CTA), in collaboration with UBA Bank, has launched an innovative financing program aimed at supporting Micro, Small and Medium Enterprises (MSMEs) in Mozambique. With a total amount of 50 million US dollars, the program aims to boost economic development in key sectors, including agro-processing, automobiles, pharmaceuticals, transport and logistics.
This line of financing offers favorable conditions, with subsidized interest rates of prime rate minus 1 for equipment purchases, with a repayment period of up to 4 years. The program is aimed at projects with financing starting at 150,000 dollars, in order to meet the financing needs of Mozambican MSMEs.
Agostinho Vuma, President of CTA, stressed the importance of this funding to boost the growth of MSMEs in the country. Despite representing 98% of the business fabric and contributing significantly to employment, access to finance has been one of the main limitations faced by these companies.
The program launched aims to overcome these barriers and catalyze sustainable economic development in Mozambique.
To register for the financing program, click on the following link: Linha de Financiamento – PME
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