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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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Press Release: African and Global Institutional Investors Sign On to New $500 Million Infrastructure Fund
The fund will catalyse further investment flows to the development of critical infrastructure across the African continent.
- Categories
- Investing
- Region
- Sub-Saharan Africa
- Tags
- accelerators, infrastructure, scale
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World Population Day: Populations in Africa Surge
According to Amare the growth in population on the continent should be seen as a benefit and not a burden.
- Categories
- Environment
- Region
- Sub-Saharan Africa
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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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