Credit line

ICM and Gapi Strengthen Capacity of the Credit Line for Agricultural Commercialization in Mozambique
The Mozambique Cereals Institute (ICM) and Gapi reinforced, this week, with another 36 million Meticals the capacity of the Credit Line for Agricultural Commercialization (LCCA), increasing to around 310 million Meticals the availability of this instrument to finance the acquisition and resale of surplus agricultural production.

Absa Bank Mozambique, in partnership with the Fund for Support Economic Rehabilitation (FARE), the Post Cyclone Idai Reconstruction Office (GREPOC) and the World Bank, launched a few days ago, in the city of Beira, a credit line aimed at the private sector recovery in the provinces affected by cyclones Idai and Kenneth.