The regulation of the credit line for the support of Young entrepreneurs (Projovem), approved on Thursday 12 January in Luanda by the Angolan government, has received commendations from the Angolan Young Entrepreneurs Forum (FAJE).
FAJE General Coordinator, Alberto Mendes told Angop that it was a timely, necessary and positive action; taking into account the financial difficulties the youths face in trying to accomplish their plans.
Alberto Mendes considered the action of the Angolan government a positive sign, as it will help the youths to accomplish their projects and boost the level of private initiatives in the country, thus envisaging the social economic of Angola.
Speaking about the approval of “Projovem” project, estimated at 4 billion kwanzas to finance young entrepreneurs, FAJE leader said it needs this kind of support to materialize their excellent ideas and boost the national entrepreneurship, generating jobs and wealth for the country.
However, he recommended that the availability or allocation of these resources needs to be made by financial institutions and must be inclusive.
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