"The first such measure was prescribed by the Central Bank of Angola (BNA)under Aviso No.10 ‘Granting Credit to the Real Sector of Economy’, whichrequires financial institutions to grant a minimum quota of credit per year(based on the institution’s net assets) to borrowers in the sector, whichexplicitly includes fertilizer producers, with the cost of credit capped at 7.5%for loans and 10% for working capital facilities."
So much for "at the mercy of lenders"
Interest rates capped at 7.5% and 10% for agricultural loans.
Ann: US$14m Loan Facility Approved & Firm Bids for Placement, page-2
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