ABC News – Australia
·australia
·9 hours ago
Closing the gap concerns over Aboriginal investment body's strategy
Aboriginal Investment NT (AINT) capped its community grants and shifted focus to a $500 million future fund amid concerns over dwindling mining royalties. Chief executive Nigel Browne noted the grants are now limited, with $1 million available for community projects and $150,000 for businesses. Analysts urge AINT to adopt a more ambitious investment strategy to support Indigenous communities effectively.
Summary by Glance · ABC News – Australia
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