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Report: 78% Of India’s Handmade MSMEs Struggle to Access Working Capital, Hindering Cultural Economy Growth
Fifty-five per cent of handmade and craft-based MSMEs do not have clarity on the various financial instruments available in the market and how to access them.
- Categories
- Finance, Technology
- Region
- Asia Pacific
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Press Release: GIZ and Seedstars Launch Joint Initiative to Boost Financial Inclusion and Innovation in Palestine
Although 60% of adults possess bank accounts in Palestine, a mere 10% utilize credit products, owing to limited financial literacy and inadequate financial offerings.
- Categories
- Finance
- Region
- North Africa & Near East
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The Sleeping Giants of the Green Economy: New Research in India and Kenya Shows How Small Businesses Can Lead the Way in Addressing Climate Change
Given the scope of the climate crisis, and the extent to which the private sector is contributing to it, it's clear that businesses must play a central role in the global response. Abigayle Davidson at ANDE and Patrick Obonyo at IKEA Foundation argue that small and growing businesses (SGBs) are critical yet underutilized drivers of innovative solutions to the world’s growing climate-related challenges. They share new research from ANDE that explores SGBs’ role in advancing the green economy in India and Kenya.
- Categories
- Environment, Investing
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Jüsto Creates an Accelerator for SMEs Aiming to Become the Largest in Latin America
Jüsto Accelerator is born at a time when it is projected that grocery delivery in Mexico will reach revenues of US$4.7 billion in 2023.
- Categories
- Technology
- Region
- Latin America
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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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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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African Development Bank to Make US $11 Million Equity Investment in BluePeak Private Capital Fund
The investment advances the Bank’s goal of supporting mid-size firms, including in the pharmaceuticals, agribusiness, manufacturing, and logistics sectors, across Africa.
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
- Tags
- manufacturing, MSMEs
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Press Release: IFC Partners with Thai Credit Retail Bank to Help Boost Access to Finance for Small Businesses, Women Entrepreneurs in Thailand
Proceeds from the loan will be used to support MSMEs in Thailand, with at least 50 percent earmarked for women-owned or led MSMEs (WMSMEs).
- Categories
- Investing
- Region
- South Asia