The Governor of the Bank, Dr Ngongo Kioa said the loan scheme will enable government to save between $5 to $10 million pa’anga annually.
The funds will be used as securities for small medium enterprises loan.
This, Dr Kioa said, is an incentive to encourage small business enterprises to enhance their business opportunities.
The funds will not be given directly to the small business; however it will be managed by a separate financial unit.
