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Article

30 Jun 2005

Author:
Shell Foundation

Blair backs Shell Foundation to support Africa's entrepreneurs

Thousands of jobs will be created in Africa thanks to a new $100m fund...[which] will help overcome a huge barrier to eradicating poverty in Africa where local banks have capital, but millions of would-be entrepreneurs lack...collateral and formal records...Chris West, deputy director of the Shell Foundation, explained that the initiative would plug Africa's yawning finance gap between micro credit and multi-million dollar finance. [also refers to GroFin Capital, DFCU Group]