Ethiopia looks to the Singapore model to lure startups in sweeping new reforms

Ethiopia looks to the Singapore model to lure startups in sweeping new reforms

By Seth Onyango, bird story agency Ethiopia has unveiled sweeping reforms to support a burgeoning startup industry and turn the country into a leading incubator of entrepreneurs. Notable changes include slashing a 30% capital-gains tax on the transfer and issuance of shares, according to Brook Taye, Director-General of the Ethiopian Capital Market Authority. The move, combined with an allowance for startups to retain all foreign currency […]

April 16, 2024 6

Science & Technology

Is TikTok’s parent company an agent of the Chinese state? In China Inc., it’s a little more complicated

Some U.S. lawmakers have grown concerned about TikTok. Greg Baker/AFP via Getty Images. By Shaomin Li, Old Dominion University Does the Chinese government have officials inside TikTok’s parent company, ByteDance, pulling the strings? And does the storing of data from the popular social media app outside of China protect Americans? These questions appear to dominate the current thinking in the U.S. over whether to ban TikTok if its […]

March 18, 2024 14

Business / Economics

Private trains to ply South African rail network in commercial revamp

By Seth Onyango, bird story agency South Africa is opening its rail network to private train operators in a commercial pivot to revitalise a key component of its transport and logistics infrastructure. It is part of the state-run logistics firm, Transnet SOC Ltd to inject dynamism into the sector, plagued by inefficiencies and maintenance challenges. On Friday, March 15, Transnet published a document laying the groundwork for […]

March 18, 2024 18

Business / Economics

Inceptus energy secures financing for UNAM solar project

Inceptus Energy, a public-private partnership between Alensy Energy Solutions (Alensy) and Inceptus Holding (Inceptus), the business arm of the University of Namibia (UNAM), is pleased to announce the successful financial close with the Development Bank of Namibia (DBN) and Old Mutual Namibia for a groundbreaking solar project at UNAM. This partnership marks a significant milestone in advancing sustainable energy utilization in Namibia, with the project boasting an installed […]

February 15, 2024 29

Namibia

Vice President Mbumba calls for expanded job opportunities for the youth

Vice President Nangolo Mbumba is calling on the public and private sectors to open up employment opportunities not only for National Youth Service graduates but also for university graduates. Mbumba says the government recognises the plight of the youth and the many challenges they face, such as a lack of skills and high unemployment. According to the Vice President, the government has prioritised addressing these challenges through various institutions.

December 12, 2023 41