Commercial bank Barclays Africa will raise close to R3-billion in this financial year.
The money is set aside for small and medium enterprises in Africa, making it possible for them to receive loans at better rates, through corporate supply and distribution chains at cheaper rates using innovative technology, reports Times Live.
R1.3-billion of this budget will be used to bankroll SMEs.
R1.4-billion will be invested in education and skills training.
Barclays Africa chief executive Maria Ramos said “We hope to help improve the chances of many young people to find employment or to eventually start their own businesses”.
The money is set aside for small and medium enterprises in Africa, making it possible for them to receive loans at better rates, through corporate supply and distribution chains at cheaper rates using innovative technology, reports Times Live.
R1.3-billion of this budget will be used to bankroll SMEs.
R1.4-billion will be invested in education and skills training.
Barclays Africa chief executive Maria Ramos said “We hope to help improve the chances of many young people to find employment or to eventually start their own businesses”.
