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South Africa: Steinhoff Saga - the Spectre of Liquidation Looms
[Daily Maverick] Steinhoff is well on its way to settling hundreds of investor claims, which will free the company to focus on vital operational issues. But the Tekkie Town liquidation hearing remains a risk that has spooked investors.
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Source: allAfrica.com
SANDF stays mum on possible assistance to Mozambique
The South African National Defence Force (SANDF) will only discuss behind closed doors the possibility of the deployment of its special forces to Mozambique to help quell terrorist
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Source: https://www.news24.com
Africa: Cop26 - Untying the Climate Funding Knot
[Chatham House] There is never a good time for a financial crisis. It is a double tragedy when it comes amid a health and climate crisis.
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Source: allAfrica.com
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
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
Cincinnati VC Fund Wants To Invest $50M On Midwest BIPOC Businesses
Lightship Capital is a Cincinnati-based venture capital fund with a mission to help underrepresented BIPOC business owners in the Midwest by creating a $50 million fund for investments.
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Source: Black Enterprise - The Premier Resource for Black Entrepreneurs and Career, Tech, and Money Content for Black People - Black Ent
MP Ganda re-elected as Parliamentary Budget and Finance Committee Chair
Members of the Budget and Finance Committee of Parliament on Thursday, July 1, 2021, unanimously voted for Gladys Ganda at Parliament in Lilongwe to continue as Chairperson in the 2021/22 fiscal year. Ganda, who is the Democratic Progressive Party (DPP) Member of Parliament (MP) for Nsanje
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Source: Malawi Nyasa Times - News from Malawi about Malawi
Master Investor Ian Dunlap Shares How to Capitalize During the Crisis (Video) - Black Enterprise
Investment expert Ian Dunlap shares fundamental insight about investing in the stock market during the global COVID-19 pandemic.
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Source: Black Enterprise - The Premier Resource for Black Entrepreneurs and Career, Tech, and Money Content for Black People - Black Ent
Reimagine Your Finances In 2021 With This $40 Course Bundle
Money talks. Whether it's personal or professional, finances rule your life in some form or fashion. High school and college classes never taught us how to handle money which they should have, so now it's your time for a do-over with The Complete Learn Finance Super Bundle. Business owners and...
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Source: Black Enterprise - The Premier Resource for Black Entrepreneurs and Career, Tech, and Money Content for Black People - Black Ent
Wells Fargo makes major investment in six Black-owned banks | New Pittsburgh Courier
BASED IN LOS ANGELES, Broadway Federal Bank is one of the several minority depository institutions that Wells Fargo is investing in. by Stacy M. Brown For New Pittsburgh Courier (NNPA)—Wells Fargo is observing Black History Month in a meaningful way. The banking giant has selected six African
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Source: New Pittsburgh Courier - Powered by Real Times Media
Cincinnati VC Fund Wants To Invest $50M On Midwest BIPOC Businesses
Lightship Capital is a Cincinnati-based venture-capital fund managed by a team of Black entrepreneurs and investors with a mission to help underrepresented BIPOC business owners in the Midwest by creating
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Source: The Black Chronicle
Sponsored by Pride Academy
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
RTG redeems issued debentures
LISTED hotelier, Rainbow Tourism Group (RTG) says it will soon redeem in full the debentures issued during its capital raise exercise two years
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Source: NewsDay Zimbabwe - Everyday News for Everyday People
Tanzania: Ministry of Land to Collect 260bn/ - Next Fiscal Year
[Daily News] THE Ministry of Land, Housing and Human Settlements is expecting to generate at least 260bn/- from its various sources during the financial year 2021/2022, the Minister William Lukuvi announced on Wednesday in Dodoma.
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Source: allAfrica.com
Bulawayo residents urge govt to stop borrowing - NewsDay Zimbabwe
BULAWAYO residents who attended the parliamentary public hearings on the Public Finance Management Amendment Bill yesterday said government should desist from its spendthrift tendencies and stop borrowing above the stipulated gross domestic product (GDP) debt ratio.
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Source: NewsDay Zimbabwe - Everyday News for Everyday People
Nigeria: Senate Approves Buhari's N2.3trillion Foreign Loan Request
[Vanguard] THE Senate on Wednesday approved a total of $6.18bn (N2.3 trillion) External Loan request by President Muhammadu Buhari to fund the 2021 budget deficit.
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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
Portman Ridge Finance Corporation and Garrison Capital Inc. Announce Stockholder Approval of Merger
Portman Ridge Finance Company (Nasdaq: PTMN) (the “Firm” or “PTMN”) and Garrison Capital Inc. (Nasdaq: GARS) (“GARS”) introduced right this moment that every firm has obtained stockholder approval for the…
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Source: The Black Chronicle
Sponsored by Center for Critical Race and Digital Studies
Africa: Zenith Bank Head Woos Investors to Africa
[Daily Trust] The Group Managing Director/Chief Executive of Zenith Bank, Mr. Ebenezer Onyeagwu, has called for increased impact investing in Africa for the continent to attain its full potential.
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Source: allAfrica.com
Investment In Israeli Tech: $10.5B In First Half Of 2021
A new report from Start-Up Nation Central reveals that Israel’s innovation technology sector broke a new capital funding record: a total of $10.5 billion raised since the start of the year. The same amount was raised throughout the whole of 2020, which was itself a record year, in less than half
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Source: The Florida Star
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
Where is funding of COVID-19 relief programme coming from?
Although government has announced that it will provide COVID-19 assistance for vulnerable persons and a data collection system is being established, neither the Ministry of Finance nor the executing agency, the Ministry of Social Protection are saying how the programme will be
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Source: Stabroek News - Guyana's Most Trusted Newspaper
Serial Entrepreneur Terron Tidwell Leads His Clients to Financial Success
Having to understand the business aspects as well as putting in the work to make things happen is typical for most successful business
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Source: Black Enterprise - The Premier Resource for Black Entrepreneurs and Career, Tech, and Money Content for Black People - Black Ent
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
First Black-Owned Fintech Company Novae To Offer ‘Buy Now, Pay Later’ Services To Small Businesses Nationwide
Novae L.L.C. will become the first Black-owned fintech company to offer Buy Now, Pay Later services to online and offline merchants
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Source: Black Enterprise - The Premier Resource for Black Entrepreneurs and Career, Tech, and Money Content for Black People - Black Ent
Congo: Reactions as President's son gets key appointment in new cabinet | Africanews
A new government cabinet is in place in the Republic of Congo. It comes after the appointment of a new Prime Minister, with 11 new ministers, including Denis Christel Sassou, son of the Congolese president.
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Source: Africanews | Latest breaking news, daily news and African news from Africa
Treasury Secretary Janet Yellen Releases Bold Climate Agenda
Reuters – U.S. Treasury Secretary Janet Yellen on Wednesday pledged to aggressively tackle climate change using all the tools at her disposal, warning that a failure to do so effectively…
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Source: The Black Chronicle
Tanzania $15b Budget Banks On a Quick Economic Recovery
In his budget presentation in the capital Dodoma, Finance minister Philip Mpango said government evaluations show the country had not been too badly affected by the pandemic, allowing it to raise its growth forecasts and maintain a firm financing schedule for ongoing development
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Source: allAfrica.com
CIC goes for Sh4.5bn Co-op loan to pay corporate bond
CIC goes for Sh4.5bn Co-op loan to pay corporate bond
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Source: Business Daily
Kenya: Ministries Explain Sh8.1 Billion 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: allAfrica.com
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