U.S. Plans $250m for Three New African Investment Funds

Abigail Keene-Babcock — Tue, 20 Nov 2007 10:10:51 -0500

November 19, 2007 - 10:00, Reuters

U.S. plans $250 mln for African investment funds

Story Link: http://www.washingtonpost.com/wp-dyn/content/article/2007/11/19/AR2007111900762.html

Teaser:
The United States pledged on Monday to provide up to $250 million to jump-start three new African investment funds aimed at developing the continent's capital markets so African businesses can more easily raise money.

The announcement came on the final day of a five-day African visit by Treasury Secretary Henry Paulson, who said Africa needs all the investment it can get from anywhere in the world.

The United States pledged on Monday to provide up to $250 million to jump-start three new African investment funds aimed at developing the continent's capital markets so African businesses can more easily raise money.

The announcement came on the final day of a five-day African visit by Treasury Secretary Henry Paulson, who said Africa needs all the investment it can get from anywhere in the world.

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U.S. Plans $250m for Three New African Investment Funds