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Reducing Poverty and Inequality in Africa
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The Africa Ecosystem Catalysts Facility is a new initiative designed to support and accelerate early-stage startups across the continent. By providing funding, mentorship, and resources, the facility aims to strengthen Africa’s entrepreneurial ecosystem and help young startups scale their innovations and impact.
A total of 227 women entrepreneurs have successfully graduated from a business training program aimed at equipping them with essential entrepreneurial and financial skills. During the graduation ceremony, the women were urged to continue expanding their knowledge, adopt innovative business practices, and pursue continuous learning to enhance their enterprises. The initiative is part of a broader effort to empower women economically and strengthen small- and medium-sized businesses across the country.
The South African rand was little changed on Thursday despite higher-than-expected producer inflation data.
The Rising Woman Initiative, aimed at empowering women through entrepreneurship, financial literacy, and business development training, drew hundreds of participants in Lira. The event brought together aspiring and established women entrepreneurs, offering mentorship, skills-building sessions, and networking opportunities. The strong turnout reflects growing interest in women-led economic empowerment and the initiative’s expanding reach across Uganda.
President William Ruto has joined economic empowerment initiatives, hosting thousands of Nairobi residents at State House to provide items like motorbikes, sewing machines, and water tanks to help them start businesses. He defended the programmes, dismissing critics who called them short-term solutions. Ruto also praised the success of the Hustler Fund, which has helped many improve their lives, and urged youth to enroll in the Social Health Authority (SHA) programme for healthcare.
Tanzania has implemented a ban on foreign-owned small businesses, a move that has caused concern and unease among member states of the East African Community (EAC). The decision is seen as potentially disruptive to regional economic integration and could strain relations within the bloc
