Government to avail $500m for entrepreneurs

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Finance Minister Mthuli Ncube

Government says it will be availing the $500 million national venture fund by February 2020 meant to provide affordable loans to young entrepreneurs.

Finance and Economic Development Minister Mthuli Ncube, revealed this at the launch of the Pfuma Inotho, a small to medium enterprises funding and listing platform on Finsec.

This is a digital listing platform that enables qualifying SMEs to raise capital on the stock exchange, a development that is anticipated to provide “patient capital” for budding businesses.

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