Nabilah Safira
TechInAfrica – A South African investment holding company, Mineworkers Investment Company (MIC), came up with a $10.5m early stage MIC Khulisani Ventures that focused on black-owned businesses driving high impact in the country.
“We are thrilled to be introducing a unique offering to a broad set of black-owned innovative ventures with exponential growth potential,” said MIC Chief Executive Officer Mary Bomela.
According to Officer Bomela, the ventures is part of MIC’s investment and transformation mandate, and we hope to add future-focused, transformed entities with great growth potential to our investee network through this investment vehicle.
“This offering has been in the works for a few years. We have enlisted the assistance of relevant partners such as I Am An Entrepreneur to assist us in determining which businesses are ready for this type of assistance. We intend to leverage our investee network, in addition to capital, to open access to markets, networks, experience, and skills to catapult awarded businesses to the next level. This is good news for our portfolio, and the economic impact will be significant, especially given the impact of Covid-19,” she added.
Businesses from all sectors, excluding agriculture and extractive industries can apply for funding for MIC Khulisani Ventures before August 13.
Source: Techgist.africa
