Mozambique: Bank Approves Business Development Fund

Maputo — The Confederation of Mozambican Business Associations (CTA) on Thursday announced that the Bank of Mozambique has approved creation of the Business Development Support Fund (FADE).

“The adoption of this measure will help bring greater fluidity to the productive sector from the excess liquidity reported in the national finances of about 60 billion meticais (about 940 million US dollars) which will represent an alternative form of financing and strengthen the productive and competitive…