Seven million mistakes to avoid

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Seven million mistakes to avoid

Good afternoon. President Daniel Chapo is moving ahead with the promise he made during his election campaign to reintroduce a loan scheme for business ventures. This initiative, to be called the Local Economic Development Fund (FDEL), looks like a revival of the “Seven Million” venture that ran under former president Armando Guebuza. Like Seven Million, it is intended to provide loans at district level for business ventures, in an effort to stim…