Luanda – A financing contract aimed at facilitating the supply of goods and services to the Soyo Refinery Project is to be signed between the Quanten Consortium Angola, LLC, and the Active Fund of Angolan Risk Capital (FACRA).
According to a press note, this partnership comes after an extraordinary meeting held between senior executives of Quanten Consortium Angola and FACRA which decided for major support of local firms.
The parties agreed that when Soyo Refinery approves a contract with an Angolan firm, FACRA takes the responsibility to provide financial support to such undertaking.
The note also reveals that the two institutions have agreed to finalise the contract in the coming three months.
In this ambit, Segun Thomas, one of the managers of Quanten Consortium Angola, LLC, stresses on the note that the firm is honoured for having the opportunity to help local Angolan companies to overcome one of the main hindrances to entrepreneurial success, that is, access to capital.
On its turn, the co-ordinator of the resctructuring committee of FACRA, Teodoro de Jesus Xavier Poulson, said that “this initiative will enable FACRA to fulfil one of its greatest goals, which is to provide leverage to small and medium enterprises.
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