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Billionaire Who Said He Would Pay Off Morehouse Student’s Debt Admits To Tax Fraud | Florida Sentinel Bulletin
Robert Smith, the billionaire who went viral last year for paying off the debt of students at Morehouse College, admitted to an illegal scheme to conceal income and evade taxes by using offshore trusts and bank accounts for 15 years. The Justice Department announced on Thursday that Smith entered
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Source: Florida Sentinel Bulletin
Rwanda: Covid-19 - WB Approves U.S.$150 Million for Rwandan Businesses
[New Times] The World Bank Group on Tuesday 15 approved $150 million to support Rwanda increase access to finance with an aim to support recovery of businesses affected by the Covid-19 pandemic.
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Source: allAfrica.com
Credit Bank Sh1 billion deal with Dutch PE fund stalls
Dutch private equity fund Oikocredit last year announced a plan to take 22.8 percent stake in Credit Bank for Sh1 billion.
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Source: Business Daily
Kenneth Bacon
Kenneth Bacon is Co-Founder & Managing Partner at RailField Realty Partners, an investment management firm that invests in apartments on behalf of institutional
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Source: Savoy Network
Kenya’s Cellulant may seek up to $150m for digital payments growth - The Kenya News
Kenyan digital payments provider Cellulant plans to seek up to $150m to fund expansion, acting CEO Akshay Grover tells The Africa Report. The company might probably seek the money in the first quarter of 2022, with the amount likely to be about two or three times the $50m raised in…
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Source: The Kenya News
SAA awaits approval to repatriate blocked funds from Zim
The airline’s rescue practitioners, Les Matuson and Siviwe Dongwana, have already accepted the mining company’s offer to pay South African Airways (SAA) in exchange for access to its funds in Zimbabwe, but are waiting for the approval from the Department of Public Enterprises. In a letter to Imani
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Source: NewsDay Zimbabwe - Everyday News for Everyday People
Reid heads new National Education Trust board
Former banker, Norman Reid, has been named chairman of the National Education Trust (NET), an arm of the Ministry of Education, Youth and Information with responsibility to facilitate partnerships with donors for educational infrastructural
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Source: Jamaica Observer: Jamaican News Online – the Best of Jamaican Newspapers - JamaicaObserver.com
SA Postbank ready to be the country's 'future state bank' | News24
The SA Postbank says it's ready to be the country's future state bank.
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Source: https://www.news24.com
Angola: Recovered Money Spent On Public Projects
[ANGOP] Luanda -- Angolan government said that the money, so far recovered by the authorities, is being channeled into the public projects underway across the country.
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Source: allAfrica.com
Preckwinkle Details COVID-19 Financial Impact and Recovery with Preliminary Budget Forecast. | Chicago Defender
Outlining an optimistic budget recovering from the financial strain of the coronavirus pandemic, Cook County Board President Toni Preckwinkle today released the preliminary forecast for the County’s Fiscal Year 2022 showing a projected gap of approximately $121.4 million. This is a sharp decline
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Source: Chicago Defender
Rwanda: COVID-19 - Businesses Invited to Apply for Bailout as Govt Rolls Out Rwf100 Billion Fund
Local businesses have been invited to begin applying for funding under the Economic Recovery Fund (ERF), a two-year facility established by Government to cushion businesses affected by the Covid-19
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Source: allAfrica.com
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Ministries explain Sh8.1b suspect allocations
The government has come out to explain suspect allocations of Sh8.1 billion in small amounts to infrastructure projects in the new budget that were flagged by the Parliamentary Budget Office
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Source: Daily Nation - Breaking News, Kenya, Africa, Politics, Business, Sports | HOME
Crocodile-skin supplier to list on new Zim bourse | Fin24
Padenga Holdings, one of the world’s largest suppliers of crocodile skins for luxury bags and shoes, received shareholder approval to list on Zimbabwe’s new bourse, which trades exclusively in US dollars.
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Source: https://www.news24.com
Straughn: Blame it on the DLP - Barbados Today
Most of the worrying contents of the most recent Auditor General’s report are associated with the former Democratic Labour Party (DLP) administration. So says Minister in the Ministry of Finance, Ryan Straughn, who has contended that the ruling Barbados Labour Party (BLP) found the majority of
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Source: Barbados Today - News You Can Trust.
APNU+AFC spent $1.2 trillion over five years - Ashni Singh - Stabroek News
The APNU+AFC government spent $1.2 trillion between 2015 and 2019 while gathering revenues totaling $992 billion, according to Minister in the Office of the President with responsibility for finance, Dr Ashni
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Source: Stabroek News - Guyana's Most Trusted Newspaper
Minister Straughn says hotel’s debt ‘restructured’ - Barbados Today
Government will be taking over the $80 million worth of debt of Needham’s Point Holdings Ltd., the company that operates the state-owned Hilton Barbados Hotel, and issuing new Series B bonds to the bondholders. Announcing the move on Tuesday in Parliament, Minister in the Ministry of Finance Ryan
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Source: Barbados Today - News You Can Trust.
Egypt: IsDB Finances 338 Projects in Egypt With Allocations of $12.7bln
[Egypt Online] Planning and Economic Development Minister and Egypt's Governor at the Islamic Development Bank Group (IsDB) Hala el Saeed said that Egypt's distinguished development partnership with the bank has resulted in financing 338 projects with total allocations of $12.7 billion.
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Source: allAfrica.com
Morocco: WB Approved U.S.$100 Mln to Help Morocco Tackle Natural Disasters
[MAP] Washington -- The World Bank (WB) approved on Friday, US$100 million in additional financing to help Morocco strengthen its ability to withstand the impact of natural disasters.
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Source: allAfrica.com
EPA Warns Limetree Bay That Its Shut Down Must Be Less Toxic Than Start Up
CHRISTIANSTED — The Environmental Protection Agency is pressuring owners of Limetree Bay oil refinery to get its approval for an orderly shutdown, calling into question the next steps for the process. Limetree Bay Energy refinery on St.Croix last week said it was preparing for an extended shutdown
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Source: https://vifreepress.com
Uganda: We Have Enough Money to Fund Oil Investments - Absa
[Monitor] Absa has told investors in the gas and oil sector that it has resources to finance oil activities. The money, the bank said, is available and has no cap on how much one can access, noting applications will be assessed on a case-by-case basis.
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Source: allAfrica.com
U.S. Bank donates $5 million to local communities as part of Rebuild and Transform Fund | The Florida Star | The Georgia Star
Minneapolis, MN, September 23, 2020 – U.S. Bank announces $5 million in donations to local communities as part of its $15 million U.S. Bank Foundation Rebuild and Transform Fund, addressing rebuilding in corridors impacted by social unrest and systemic racial inequities in small business, housing
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Source: The Florida Star
EPA puts hold on project that saw US$1M payout to PNCR’s Bond - Stabroek News
A Caribbean joint-venture for a chemical storage facility has been shelved amid controversy over the disposal of state lands on the East Bank Demerara (EBD) and a near US$1 million payment to a well-known PNCR
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Source: Stabroek News - Guyana's Most Trusted Newspaper
Kenya: Nakuru MCAs Yet to Pass Budget Month Into Financial Year
[Nation] A standoff is looming between the Nakuru County Assembly and the executive over delays in the budget-making process.
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Source: allAfrica.com
3 Places to Find Funding For Your Business
In the U.S., Black-owned businesses increased 34.5% between 2007 and 2012 totaling 2.6 million firms. Yet, they still typically face greater challenges in securing capital compared to white-owned businesses. The […] The post 3 Places to Find Funding For Your Business appeared first on Essence.
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Source: Black Women's Lifestyle Guide, Black Love & Beauty Trends - Essence
FAMU Foundation Invests in $25M Fearless Fund Venture Capital Firm to Support Women of Color | The Florida Star | The Georgia Star
TALLAHASSEE, Fla. – Florida A&M University Foundation today announces its investment in the $25 million Fearless Fund, the first venture capital (VC) fund built by women of color, for women of color, and led by two FAMU alumnae, Arian Simone and Ayana Parsons. “This marks an historic moment in the
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Source: The Florida Star
Rwanda: Why Rwanda Returned to the Sovereign Bond Market
[New Times] On Monday, August 2, Rwanda completed its second-ever Eurobond raising $620 million at an interest rate of 5.5 per cent with a 10-year maturity.
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Source: allAfrica.com
Govt gobbles $7bn in wildcat spending - NewsDay Zimbabwe
BY MOSES MATENGA  PRESIDENT Emmerson Mnangagwa’s administration gobbled nearly $7 billion in unauthorised expenditure in 2019 owing to lack of accountability in The post Govt gobbles $7bn in wildcat spending appeared first on NewsDay Zimbabwe.
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Source: NewsDay Zimbabwe - Everyday News for Everyday People
Tanzania: World Bank Approves U.S.$292 Million Funding for Infrastructure Projects in Zanzibar
[East African] The World Bank has approved a $292 million fund for infrastructure projects in Zanzibar.
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Source: allAfrica.com
Platforms, plug-ins, plumbing: How fintech in Africa is surging in the pandemic - The Kenya News
When Covid-19 first struck a year ago, start-up entrepreneurs and early-stage investors paused briefly to assess what the pandemic might mean for the burgeoning theme of Fintech innovation. Rather than threatening new financial business models, though, the pandemic has brought the future
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Source: The Kenya News
VIHFA Hosts Development Block Grant Disaster Recovery and Mitigation Training
The training covered the responsibilities of a subrecipient and the federal reporting requirements mandated by HUD to include the application process, environmental review, financial management and record keeping.
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Source: St. John Source | independent and trusted since 1999
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It is hard to argue PNC rigging is all history when history is repeating itself at this very moment.
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Eighty-four ballot boxes recounted today - Gunraj
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