Browsing: Capital

How capital can eliminate hunger

How capital can eliminate hunger in Africa

Industry and Trade

Why is agriculture so important? The World Bank estimates that “Healthy, sustainable, and inclusive food systems are critical to achieving the world’s development goals. Agricultural development is one of the most powerful tools to end extreme poverty, boost shared prosperity, and feed a projected 9.7 billion people by 2050.

Growth in the agriculture sector is two to four times more effective in raising incomes among the poorest compared to other sectors. Agriculture is also crucial to economic growth: it accounts for 4% of global gross domestic product (GDP) and in some developing countries, it can account for more than 25% of GDP.”

Agriculture not only eliminates hunger, but its support and success will lead to the attainment of the world’s development goals, end poverty, and boost shared prosperity. CGAP, which published an article about “The Role of Financial Services in Reducing Hunger”, states that for the majority of the 1.4…

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funding for growth

Africa: Post-pandemic future for tech startups looks bright

Tech & Business
  • Majority of private equity investment in Sub-Saharan Africa is from outside the continent and represents only a fraction of the capital required
  • African startups surpassed the US$ 1 billion mark in capital raised over the first seven weeks of 2022
  • The bulk of the funding (76%) and of the deals (78%) have been claimed by startups headquartered in one of the ‘Big Four’ (Nigeria, South Africa, Kenya, and Egypt)

Africa continues to show strong growth prospects, with an expectation of a significant rebound from the Covid-19 pandemic that has spanned over two years, which has also affected African growth less than in developed markets. 

International investment plans and programmes to promote investment in Africa support growth potential given the correlation between Foreign Direct Investment (FDI) and Gross Domestic Product (GDP).

Currently, the majority of private equity investment in Sub-Saharan Africa is from outside the continent and represents only a fraction …

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Kenya: Branch acquires 85% stake in Century Microfinance Bank

Kenya

This comes after the National Treasury exempted the digital lender from a law limiting individual shareholding in microfinance to 25 per cent.

In a gazette notice signed by the Cabinet Secretary National Treasury, Ukur Yatani, the San-Francisco based fintech has been exempted from Section 19 of the Microfinance Act (for 4 years through 2025).

Currently, individuals or single entities are barred from holding more than a 25 per cent stake in a microfinance institution.…

gorilla - The Exchange (www.theexchange.africa)

The Inaugural IUCN Africa Protected Areas Congress Officially Relaunched

News Room

The Government of Rwanda will in March 2022 host the inaugural IUCN (www.IUCN.org) Africa Protected Areas Congress (APAC) to discuss conservation of the continent’s protected areas. This comes after the relaunch of APAC in Kigali, Rwanda on 20th April 2021.

The congress which will be held from 7th – 12th March 2022 will be convened by the Government of Rwanda, the International Union for Conservation of Nature – World Commission on Protected Areas (IUCN-WCPA) and the African Wildlife Foundation (AWF) (www.AWF.org) in collaboration with partners.

Speaking at the relaunch event, the Chief Guest Dr. Jeanne d’Arc Mujawamariya, the Minister of Environment – Republic of Rwanda said: “Having been an IUCN Member since 2016, Rwanda is very proud to take up the global conservation leadership mantle and become the first African country to host the African Protected Area Congress. The Government of Rwanda recognizes the role of

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