Cazenga – The Angolan minister of Economy, Abraão dos Santos Gourgel, said Monday in Luanda that the Entrepreneur Counter (BUE) has been created to help small undertakers with initiatives to start their business at zero cost.
Abraão Gourgel was speaking to the press during the inauguration of the BUE in Luanda’s high density municipality of Cazenga.
He said on the occasion that those wishing to start a business will be free from paying any fees or for services rendered to them, as the State will assume the costs.
The minister of Economy said this is to help people with undertaking ideas to start their small businesses as rapid as possible without cost, so they can create jobs, new businesses and wealth in their communities.
Another purpose, according to the official, is to bring the population to friendly terms with banks as it is a must entrepreneurs hold a bank account.
Abraão Gurgel underlined that the commercial banks will support the projects under the “My Business My Life” program supported by the State-owned BPC and BCI, while another 14 commercial banks, including the above mentioned ones, will provide support for the “Angola Invest” scheme.
The amounts for the first scheme might range from USD 100 to 7,000.
According to the minister, creation of businesses is the best way to fight famine and poverty as this helps create jobs and produce wealth for people.
BUE is a new public service intended to simplify the process of constitution and licensing of businesses and regularization of entrepreneurs operating in the informal market.