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GELDOF AFRICA FUND RAISES $200M
IRISH rock star Bob Geldof has raised $200m (£126.4m) for his “8 Mile” African private equity fund, cementing a shift in his global anti-poverty crusade from rich world debt forgiveness to promoting private enterprise. “Private equity is one way to support the enterprise and dynamism of the people of the continent and help provide the jobs and skills that are needed,” Geldof said yesterday.
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