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The National Entrepreneurship Development Company Limited (NEDCO) has retracted its previous announcement of the closure of its Micro and Small Business Grant Scheme.

The announcement was made via a media release on August 28, where NEDCO said the grant scheme was closed due to an overwhelming response and all submitted applications were under review.

However, a subsequent media release on August 30 said, “NEDCO wishes to retract our previous statement regarding the closure of applications for the MSB Grant Scheme.