Finweek English Edition - - In Brief -

On 30 Oc­to­ber, Chan­cel­lor An­gela Merkel an­nounced that Ger­many would be pledg­ing €1bn to in­vest in Africa, ac­cord­ing to EWN. The cre­ation of the fund is aimed at en­cour­ag­ing small- and medium-sized en­ter­prises (SMEs) to grow their pres­ence on the con­ti­nent by pro­vid­ing loan and eq­uity fi­nanc­ing to Euro­pean and Ger­man SMEs seek­ing to in­vest in Africa, eq­uity fi­nanc­ing for African SMEs as well as the es­tab­lish­ment of a net­work of­fer­ing ad­vice to po­ten­tial in­vestors, the on­line news out­let re­ported.

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