South Africa Launches $250m Fund for Young Entrepreneurs0

• Development, Money
• August 20, 2014

ENTERPRISE54 – The National Youth Development Agency (NYDA), Industrial Development Corporation (IDC) and the Small Enterprise Finance Agency (SEFA) have launched a R2.7 billion ($250 million) Youth Fund aimed at fostering entrepreneurship among South Africa’s youth. Sefa has set aside R1.7 billion for the fund, with IDC contributing the remaining R1 billion. The NYDA would