Funding

SADC LEADERS AND GOVERNMENT REACH AGREEMENT

Posted on by Gambeta News
SADC LEADERS AND GOVERNMENT REACH AGREEMENT

SADC Leaders and Government reach agreement on measures to drive regional development The 39th ordinary Summit of the Heads of State and Government of the Southern African Development Community (SADC) which held at Julius Nyerere International Convention Centre in Dar es Salaam, United Republic of Tanzania, on the 17th and 18th August 2019 proposed a protocol aimed at bolstering the industry development sector and eventually intra-trade, which currently stands at below 20%. Tanzania President Dr Magufuli,…

Read More

MOZAMBIQUE PRESIDENT CALLS FOR RECONSTRUCTION FUND

Posted on by Gambeta News
MOZAMBIQUE PRESIDENT CALLS FOR RECONSTRUCTION FUND

President Nyusi calls for speed in disbursing Reconstruction funds. Mozambique President Filipe Nyusi has ask funding agencies to disburse promised fund for reconstruction work. Speaking during the international post-cyclone pledging conference held in Beira, President Filipe stressed the urgency of putting the promised financing to work. According to the President Nyusi, ”It is crucial to simplify the methods of disbursing the funds. Because the value could be larger, but when the modalities of delivering it…

Read More

FUNDING AFRICA’S INFRASTRUCTURE GAP

Posted on by Gambeta News
FUNDING AFRICA’S INFRASTRUCTURE GAP

A look at Infrastructure funding gap across Africa and remedies so far. Key to enabling African economies to make the most of their opportunities is developing infrastructure in the region. Across the continent, new laws are being implemented and alternative sources of infrastructure funding are being sought in order to kick-start direly needed infrastructure projects. At the centre of it all is China, which is providing alternative sources financing to countries in Africa that have…

Read More

ETHIOPIA SIGNS BILLION DOLLAR ENERGY INVESTMENT

Posted on by Gambeta News
ETHIOPIA SIGNS BILLION DOLLAR ENERGY INVESTMENT

Ethiopia’s indebtedness to China grows following energy investment Following a meeting with State Grid Corporation of China, PM Abiy Ahmed oversaw the signing of a US$1.8 billion investment agreement which covers provision of electric power transmission and distribution lines. The project will supply power for up to 16 industrial parks; the Addis Ababa to Djibouti 2nd railway line and for different cities in the country. This agreement will facilitate not only uninterrupted power supply but…

Read More

STAGES OF FINANCING IN BUSINESS (STARTUPS)

Posted on by Gambeta News
STAGES OF FINANCING IN BUSINESS (STARTUPS)

The Stages of Startup Funding There are several stages of financing in business. Businesses especially startups raise capital for various levels and types of business operations through series or multiple rounds of financing and funding. These funding rounds or stages includes Pre-seed capital and seed capital, Series A, B, and C funding rounds. The Pre-seed capital and seed capital stages of financing in business represent funding in the early stages of business; While Series A,…

Read More

PEG AFRICA COMPLETES US$25m SERIES C FUNDING

Posted on by Gambeta News
PEG AFRICA COMPLETES US$25m SERIES C FUNDING

PEG Africa raises US$25 million Series C funding to boosts its off-grid solar expansion in West Africa A solar company PEG Africa, who provides pay-as-you-go (PAYG) solar services in West Africa; have raised a US$25 million Series C funding. This have now taken its funding total to US$50 million. PEG Africa provides useful productive and essential assets, such as solar home systems, to undeserved households in West Africa. It also provides credit for these assets via its pay-as-you-go (PAYG)…

Read More

MOBILE MONEY IN UGANDA TO ATTRACT DEBT INVESTORS

Posted on by Gambeta News
MOBILE MONEY IN UGANDA TO ATTRACT DEBT INVESTORS

Uganda’s mobile money platform will help attract debt investors. Uganda is planning to use mobile money platforms to sell government securities to its citizens. The government said the mobile money platform will help reduce the dependence on commercial banks and institutional investors for funding. The Ugandan government also believes the initiative will help boost savings and investments; especially among its citizens and this will in turn also drive economic growth. In Uganda many people do not…

Read More