The Global Business Services (GBS) incentive, which became effective from 1 January 2019, will create employment opportunities for youth in South Africa (SA), said South Africa’s Trade and Industry Minister Rob Davies
Finance
Senegalese entrepreneurs win US$2,000 seed-fund
Five Senegalese entrepreneurs have been selected to receive six months of business incubation and US$2,000 seed-funding from the Senegal Start-Up Accelerator to kick-start their business
ADF approves US$149mn credit facility to support low-income countries
The African Development Fund Board (ADF) has approved credit risk facility of US$149mn by the Private Sector Credit Enhancement Facility (PSF) in seven private sector operations targeting low-income countries
EIB confirms support for US$567mn transformational investment across Africa
The European Investment Bank (EIB) has formally agreed on a total of US$567mn of new financing for three projects to support sustainable transport, clean energy and internet access projects in North, West and East Africa
AfDB unveils multi-sectoral nutrition action plan to reduce stunting
The African Development Bank (AfDB) has unveiled a new multi-sectoral nutrition action plan to increase investments to reduce stunting by 40 per cent in African children aged under five by 2025