It has taken a pandemic as severe as Covid-19 to jostle Sub-Saharan Africa into action to bolster its vaccine production capacity and capability, ... argues Stavros Nicolaou of Aspen, Africa's biggest drug company. For the first time in the region’s history, the continent is pooling its resources and aggregating volumes to mount a collective and co-ordinated response for its coronavirus vaccine needs.
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.