Creations from African developers were launched at Facebook's global developer conference, F8. The giant online social media platform believes local developers will be the ones to meet the needs of their immediate community, and it wants to support them.
Positive returns on investment are almost guaranteed in the infrastructure and ICT sectors in South Africa, Deputy President Cyril Ramaphosa told potential investors at the World Economic Forum on Africa in Kigali, Rwanda.
South Africa is to get its second stock exchange, after the Johannesburg Stock Exchange has
dominated trading in the country for more than a century. ZAR X has been given a licence to
operate, and it plans to be up and running in September.
With pots of up to R5-million each to invest in entrepreneurs, the Awethu Project looks to be a
high impact partner through a negotiated equity stake. This way, the venture capital fund has the
same incentive as the business owners to grow their businesses. It also shares the rewards.
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