The City of Ekurhuleni, in collaboration with the National Empowerment Fund, has launched a multi-million fund it believes will “boost and propel” entrepreneurs in the region to significantly scale up their businesses.
Speaking at the launch of the Ekhurhuleni Community Enterprise Development Fund (ECEDF) at the Kwa Thema Business Hub Friday, Nkosingipile Xhakaza, the city’s MMC for Economic Development and ICT, said the Fund was anchored on the metro’s ten-point economic plan which includes, the revitalisation of manufacturing; the creation of an aerotropolis anchored at OR Tambo International Airport; improved public transport; and the rapid release of land for development purposes.
The city recently released 156 farms for agriculture and agro processing development purposes.
The ECEDF includes the Fetola Fund, launched in partnership with the National Empowerment Fund (NEF), which will see the City and the NEF contribute R50 million per year each for the next three years
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