Chronicle Editor
THE Financial Securities Exchange Limited (Finsec) says significant progress has been made towards operationalising its Growth Enterprise Market (GEM) portal for Small to Medium Enterprises (SMEs) with a draft framework now in place.
The framework will also guide the disbursement of the $500 million venture capital fund, set aside by the Ministry of Finance and Economic Development to capitalise SMEs who register for on-boarding on the portal.
Launched last December, the GEM portal is a dedicated online platform designed for SMEs that want to raise capital for retooling operations, increase productivity, or to increase their product range and or to expand into other markets.
ALL SHARE
The All Share index closed the week on a remarkable note, after gaining 71.83 points (16,55 percent) to close at 505.85 points. Old Mutual Limited further advanced by $5,9721 to $57,9732, National Foods Limited added $3,0500 to $18,4500 and Delta was $1,4371 firmer at $8,6571. Meikles rose by $1,1500 to $6,9100 and Innscor Africa was $1,1072 stronger at $6,6600.
Online Reporter