Nairobi-based APA Insurance is seeking to expand its business to micro insurance, which targets low-income people and has been largely under-penetrated ... in Kenya where two-thirds of its nearly 55 million population is mired in poverty.
The BBC is the largest black business umbrella body in South Africa, representing professionals across sectors, business associations and chambers.
The Tourism Business Council of South Africa (TBCSA), an organisation comprising established players, including hotel groups and rental car companies, says the fund is “a step in the right direction,” according to CEO Tshifhiwa Tshivhengwa.
The fund’s goal is to provide funding for projects. “By providing access to finance for black-owned commercially viable tourism projects, the TEF is intended to address one of the major challenges to transformation of the tourism sector,” the tourism department explained.