LUANDA: There is no shortage of cash or credit in Angola Africa's second oil producer but the struggle small businesses face to get loans is stimying efforts to diversify the economy.According to the central bank there was more than $22 billion in credit issued in Angola last year, around a fifth of total economic output.A fledgling banking sector, prodded by the government to make loans available for businesses not related to the energy sector, is starting to take flight. The volume of credit grew by 25 percent in the year to June 2012 alone.With the economy growing at 10 percent the services, construction and mining sectors have been major beneficiaries, according to a recent report by consultancy firm Deloitte. But all is not going to plan."Officially the amount of credit has increased," said Justino Pinto de Andrade, an economics professor at the Angolan Catholic University and an opposition member. "But ...
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