Germany is to press other G8 industrial nations to create a micro-credit fund for African entrepreneurs as part of efforts to promote investment in the continent, according to Germany’s development minister. Heidemarie Wieczorek-Zeul said the fund, which could be managed by the World Bank, would be a “positive signal” to the poorest people in African countries, who “often miss out on the effects of investment.” G8 leaders meeting in June in Heiligendamm, northern Germany, would be expected to pledge new finance to create the fund, she said. (FT)

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