News & Events
Stay up to date on all our exciting new events and view past webinars and podcasts with instant playback.
AfDB’s AFAWA partners for $50 million financing for Nigerian SMEs
The African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) programme is backing a new $50 million financing agreement to support women-led enterprises in Nigeria. Signed at the Africa Investment Forum in Rabat on 5 December, the deal between the African Guarantee Fund and the Bank of Industry will provide financial and business support through the AFAWA Guarantee for Growth programme.
The loan portfolio guarantee, phased over ten years, will boost lending to small and medium enterprises (SMEs), particularly those led by women. It includes risk-sharing mechanisms focused on women-owned, youth-led, and “green” businesses. The agreement aims to address the financing gap for women entrepreneurs and supports Nigeria’s economic transformation under President Bola Tinubu’s agenda.
The initiative is part of AFAWA’s broader effort to reduce the financing gap for African women entrepreneurs, with over $2.4 billion in loans approved for women-led SMEs across 44 African countries.
Read the original article here: https://afdb.africa-newsroom.com/press/african-development-banks-affirmative-finance-action-for-women-in-africa-afawa-initiative-teams-with-african-guarantee-fund-bank-of-industry-for-50-million-financing-agreement-targeting-nigerian-small-and-medium-enterprises?lang=en
World Bank approves US$47.7M to improve Gambia’s public sector
The World Bank has approved a $47.7 million grant from the International Development Association (IDA) for The Gambia’s Public Administration Modernisation for Citizen-Centric Service Delivery (PAMP). The first five-year programme in The Gambia aims to strengthen the public sector by improving domestic resource mobilisation, financial reporting, human resource management, and citizen engagement, focusing on education and health.
The programme will help optimise public revenue, enhance financial transparency, and improve tax and payroll management. It also aims to promote gender equality and climate-resilient development. Successful outcomes will provide additional fiscal space for the government to improve service delivery while strengthening expenditure controls.
Franklin Mutahakana, World Bank Group Resident Representative, praised The Gambia’s commitment to reforms, which will enhance public sector efficiency and transparency. Yousif Mubarak Elmahdi, Task Team Leader, added that the programme will bolster the operational capacity of government institutions. The Ministry of Finance and Economic Affairs will lead the programme’s implementation.
Read the original article here: https://thepoint.gm/africa/gambia/headlines/world-bank-approves-us47-7m-to-improve-gambias-public-sector
Ether’s 61% rally outperforms Bitcoin’s $100,000 record surge
Investors are betting on Ether to surpass its 2021 milestone, drawing attention away from Bitcoin’s record-breaking rally over $100,000. Bloomberg data shows US-listed Ethereum ETFs saw a record $428 million daily inflow on Thursday, with Ether outperforming Bitcoin, rising 61%. This surge follows Donald Trump’s November 5 victory, which fueled hopes for looser crypto regulations. Ether futures open interest has also hit record levels on the CME Group, outpacing Bitcoin.
Trump’s SEC pick, Paul Atkins, known for his crypto advocacy, has further boosted investor confidence, spurring record ETF inflows. Additionally, the growing interest in Ether ETFs reflects optimism that staking rewards for the token could soon improve, as Atkins’ appointment signals potential regulatory changes favourable to Ether. This shift in sentiment highlights Ether’s strong potential to continue attracting investment in the face of Bitcoin’s dominance.
Read the original article here: https://www.msn.com/en-in/money/topstories/ether-s-61-rally-outperforms-bitcoin-s-100-000-record-surge/ar-AA1vw6uM?ocid=BingNewsVerp
No Results Found
The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.
Malaysian Startups Webinar
The Southeast Asian nation was one of the first in the region to prioritise its digital economy and the sector continues to play an increasingly important role for the nation’s development.
Commonwealth Chamber of Commerce Virtual Social and Networking Event
The Commonwealth Chamber of Commerce wishes to invite you to another exciting Virtual Social and Networking Event!
Indian Tech Startups Webinar Recording
In this webinar, we got a great first hand look into the ecosystem of the Indian tech startup industry that has been dubbed the champion of India Inc. with over 40 unicorns being established within the nation in just the year of 2021 alone.