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Wednesday, 07 March 2012

UK to boost open and stable markets in South Africa

According to ESI Africa, the British High Commission has launched a £1 million fund for 2012/13 to provide support for projects in South Africa that are linked to prosperity, trade and low carbon growth. This support is part of a global fund which seeks to build prosperity “by increasing exports and investments, opening markets, and ensuring access to resources and energy security”, according to the High Commission. Having highlighted that climate change constitutes one the biggest threats to global security, the Commission added that this latter is “underpinned by sustainable growth, higher levels of employment, rising standards of living, and greater regional/international trade”
The Commission stressed that the UK has great interest in promoting open and stable markets and economies, tackle barriers to economic development, and to support a global transition to a low carbon economy.  South African organizations are invited to submit project proposals that meet the criteria outlined in its Prosperity Fund strategy.

Source: ESI Africa

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