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July 1, 2010

IDC Funding

Filed under: Venture Capital Angel Investors Private equity blog — admin @ 4:25 am

As 2010 World Cup is rolling to the glorious final game, the business community from South Africa is counting the money, especially those made from the tourism industry. If there are a lot or very few compared with the expected income, we will see in a couple of weeks. The question is what will happen afterwards. Is this global event bringing enough energy to boost the economy of this country and continent? Is the world cup a good opportunity for business investors to have a direct touch with the real world in Africa?

One thing is sure. The country will end this event with big additions in public transportation, modern highways and better infrastructure for tourism. All of these might attract a lot of tourists and also a lot of business opportunities even after the final whistle.

A key role in country’s development might be played by the IDC Funding, the state funding institution, which has as a main objective offering support to entrepreneurs and businesses.

IDC was already asked earlier this summer to boosts its capacity of funding by raising money from capital markets as they have to support a wide range of industries from Transport to Textiles, Healthcare, Education to Food Beverage, Wood Industry or Constructions and of course, Tourism. Their influence and support is not limited to South Africa borders but to the whole African continent in such need of resources in order to boost jobs and industrialization.

There are many opportunities out there supported by IDC or other investments firms especially in the big economic centers. You can find more details about the big cities here and if you weren’t one of the 300,000 tourists expected during the 2010 world cup, you should plan a visit there. You can start by looking for a business partner. Click here to have instant access to the database of investment firms in the African continent.


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