AfDB approves US$40M package for Angola’s Banco Millennium Atlântico to support SMEs

ANGOLA – The Board of Directors of the African Development Bank has approved a US$40 million financial package to support Angola’s Banco Millennium Atlântico (BMA) to bolster local production and job creation through its portfolio of small and medium-sized enterprises.  The package consists of a US$32 million line of credit from the African Development Bank and an additional US$8 million in parallel financing from the Africa Growing Together Fund (AGTF), a co-financing fund sponsored by the People’s Bank of China and administered by the African Development Bank.  The facility will…

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