Wednesday, December 06, 2006 Group pledges $125 million US dollars in aid
THE Global Association of Billionaires and Millionaires (GABM) has announced that it is about to commence with a US$125 million entrepreneurial development program on the African continent, which represents the largest single project it has ever undertook.
Thw exciting and challenging project is financed by Ascot Venture Capital Limited, a venture capital company that is also a proud registered associate member of GABM.
According to Ascot Venture Capital Limited’s board of directors, the US$125 million represents an investment in the future of the African continent and its people, through the responsible and constructive development of entrepreneurs. This project is envisaged to:
* Enhancing of global economic development and growth
* Development of entrepreneurship
* Alleviation of poverty
* Contribution to new employment opportunities
* Translating of theoretical knowledge into practical results
* Access to modern technological and management know-how
GABM was specifically selected by Ascot Venture Capital Limited to allocate and manage the funds as a result of GABM’s well established infrastructure as well as its vast experience in participating and developing philanthropic programs all over the world.
Naturally, GABM will now expand its African infrastructure by accommodating more GABM Ambassador representatives to complete the assignment as well as those that will follow successfully.
For more information on Global Association of Billionaires and Millionaires (GABM) and its international Chamber and Ambassador opportunities, contact Stefan at 27 82 765 2535 or visit GABM’s web site at www.gabm-pinc.com or contact us at info@gabm-pinc.com. (Press release)
