The National Investment Bank (BNI) and the African Export-Import Bank (Afreximbank) on Wednesday made available a 25 million dollar financing line for companies dealing with small exports.

The banks' loans are aimed at boosting exports by Mozambican small and medium-sized enterprises (SMEs) in the productive sector that need to compete on the international market.

"As a state-owned bank, we want to work with companies that are making a good tax contribution, so we demand that they also have their tax situation in order, and they can't have any bad debts," he said.

Ancha Omar, head of BNI's Business Development and Sustainability Unit, said in Maputo that the fund will provide SMEs with grants of between 500,000 and 6.5 million dollars.

However, companies in need of grants of less than 500,000 dollars will be able to reach agreements with the bank.

"We want to facilitate the growth of SMEs and the country. Companies can contact us to jointly assess their real investment needs, including within the scope of this fund," he said.