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News & Updates of Funding, Investment Sources and Opportunities in Africa and Beyond

Rotich targets tax cheats to fund Sh3.1trn budget

Treasury Secretary Henry Rotich is set to announce tough tax compliance measures intended to catch defaulters using smart technology in his bid to raise funding for the Sh3.1 trillion budget starting July 1. Mr. Rotich, who will present the 2019 Budget Policy Statement at the National Assembly this afternoon, will …

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Donors pledge $17m to Africa Solidarity Trust Fund

The Africa Solidarity Trust Fund, an initiative aimed at providing food security and to eliminate rural poverty on the continent on Tuesday received a boost with a pledge of 17 million dollars. The pledges were made at a high-level roundtable convened by the UN Food and Agriculture Organisation (FAO) and …

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Equity crowdfunding gains traction in SA

Crowdfunding is having a moment in SA. Besides the R500 000 raised for a service station attendant who came to the aid of a young woman by paying R100 to top up her tank, ‘the crowd’ recently invested R32.7 million in a start-up company. Intergreatme, a company that allows people …

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261 young Ugandan entrepreneurs to get capital

The successful applicants will be mentored, trained,” said a statement from the Foundation. Uganda’s young entrepreneurs have received the second largest invitation to get seed capital of $5,000 (sh18.8m) each to boost their start-up businesses. The Tony Elumelu Foundation (TEF) has selected 261 Ugandan entrepreneurs to receive the capital. Applications …

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