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Coca Price Crash Contributing to Colombia Food Insecurity, UN Says
Some 400,000 families nationwide rely on income connected to coca cultivation, the presentation said, adding coca markets have been paralyzed in Colombian provinces.
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
- Tags
- food security
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Kenya Is Walking Back A Contentious Rule That Spooked Tech Companies
The repeal of this rule brings relief to telecom multinationals, most notably Airtel Kenya, which had been obligated to sell a 30 percent stake to comply with ownership regulations.
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Flutterwave Launches ‘Tuition’ to Enable Nigerians, African Students Abroad to Pay School Fees With Local Currency
The new product will leverage Flutterwave’s world-class payments technology solution to make school fee payments more convenient, secure, and reliable.
- Categories
- Education, Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, edtech
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Uganda to Impose 5% Tax on Non-Resident Digital Companies
The Ugandan government wants to impose a 5% tax on non-resident digital companies, including Meta, Facebook, Netflix and Google.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- MSMEs
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African Development Bank Extends €400 Million in Partial Credit Guarantees to Mobilize Funds for ESG Projects in Côte D’Ivoire
The partial credit guarantee will enable Côte d'Ivoire to raise long-term financing from commercial banks, in line with its ESG Framework.
- Categories
- Environment, Impact Assessment, Investing
- Region
- Sub-Saharan Africa
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Nigerian Mobility Fintech Moove Closes $8 Million to Expand Vehicle Fleet in Ghana
Moove is democratising vehicle ownership in Africa by providing revenue-based vehicle financing to mobility entrepreneurs.
- Categories
- Finance, Technology, Transportation
- Region
- Sub-Saharan Africa
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Italy Contributes Eur 5.5 Million to African Development Bank Group’s Youth Entrepreneurship and Innovation Multi-Donor Trust Fund, to Foster Job Opportunities, Economic Growth
The African Development Bank founded the Youth Entrepreneurship and Innovation Multi-Donor Trust Fund in 2017, to promote innovation and entrepreneurship as well as to create durable and sustainable jobs for youth on the continent.
- Region
- Sub-Saharan Africa
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Invest International Invests $10.8 Million in uMunthu II Fund to Support African SMEs
The venture capital fund will use the money to expand its portfolio to approximately 30 to 35 companies across Africa.
- Categories
- Investing
- Region
- Sub-Saharan Africa
- Tags
- MSMEs
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