Southern Africa Enterprise Development Fund
Established in October 1994, the Southern Africa Enterprise Development Fund (SAEDF) is an initiative of the Former President William Jefferson Clinton of the United States, Former President Nelson Mandela of the Republic of South Africa, and the US Congress for the specific purpose of providing funding to stimulate the creation and expansion of small and medium-size indigenous businesses throughout southern Africa.
Project Spotlight: Mount Meru Hotel
This is a rehabilitation and expansion of the legendary Mount Meru Hotel to a modern and luxurious five star hotel suite accommodation, up-market serviced apartments, recreation facilities and state of art conference space in a 14 acre prime land at the heart of Arusha City in Tanzania. On completion, the property will comprise 198 luxury rooms. The hotel was recently highlighted on Southern Africa Tourism Update Online.
Latest News
Legislation Introduced in Congress to Create Haitian Version of SAEDF
Wednesday, March 31, 2010
As SAEDF’s Chairman Ambassador Andrew Young and others have suggested, U.S. Congresswoman Yvette Clarke (NY) last week introduced legislation to establish a Haitian-American Enterprise Fund. Modeled after SAEDF and other successful Enterprise Funds, the legislation is intended to promote the development of the Haitian private sector following a devastating earthquake in January 2010.
SAEDF to Become Private Fund Mission Continues in Southern Africa
Wednesday, March 17th, 2010
Pretoria, South Africa – March 17, 2010 – The Southern Africa Enterprise Development Fund (SAEDF) today announced that it will privatize the Fund and turn over the management of its portfolio companies to an approved management company.
“We are all immensely proud that SAEDF has matured enough to reach this important milestone,” said Ambassador Carl Masters, [...]
Congresswoman Asks for Haitian Version of SAEDF
Thursday, March 11th, 2010
Congresswoman Yvette Clarke (D-NY) today asked President Obama to establish a Haitian Enterprise Fund, modeled after SAEDF. In her letter to the President, Rep. Clarke praised SAEDF and Ambassador Young. Below are excerpts from the Congresswoman’s press release.
Washington, D.C. – Today, Congresswoman Yvette D. Clarke attended the White House Rose Garden ceremony with Haitian President [...]
Politico: The U.S. owes Haiti a big debt
Friday, February 5th, 2010
Ambassador Andrew Young, Chairman of the Southern Africa Enterprise Development Fund, discussed how the SAEDF model could help in rebuilding Haiti. This column originally appeared on February 5, 2010, the the Politico.
Shortly after the earthquake in Haiti, the Rev. Pat Robertson took to the airwaves to declare that Haiti had “made a pact to the [...]
Huffington Post: Rebuilding Haiti With Public Purpose Capitalism
Tuesday, February 2nd, 2010
Ambassador Andrew Young, Chairman of the Southern Africa Enterprise Development Fund, discussed how the SAEDF model could help in rebuilding Haiti. This column originally appeared on January 26, 2010, on The Huffington Post.
The Obama Administration is to be congratulated for immediately committing food, doctors, military assistance and $100 million in aid for the people of [...]
