Rob Davies, the minister of Trade and Industry of South Africa, said the recent designation of the Nkomazi Special Economic Zone (SEZ) in Mpumalanga will contribute significantly to the economic and industrial development of the Nkomazi region and the province at large
Finance
AfDB approves US$14.12mn facility to support Nigeria’s membership
The African Development Bank (AfDB), through its trade finance operations, has approved a US$14.12mn facility to support the federal republic of Nigeria’s membership in the African Trade Insurance Agency (ATI)
GBS incentive to create employment opportunities for South African youth
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
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