Business
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Leading minigrid companies in Africa have released a 17-step action plan aimed at accelerating electrification efforts across the continent. The plan, endorsed within a Mission 300 Industry Position Paper, outlines priorities for funders, governments, and the industry to align with the scale and speed needed to meet Africa’s electrification targets. Mission 300 Overview Mission 300, […]
Manufacturing Supply Chains Lack Diversity Recent federal laws, including the Infrastructure Investment and Jobs Act (IIJA), the CHIPS and Science Act, and the Inflation Reduction Act (IRA), have created an opportunity to strengthen U.S. manufacturing while also promoting more inclusive ownership in key supply chains. Despite this potential, significant disparities exist in the ownership of […]
Cardtonic, a Nigerian fintech company, has secured $2.1 million in seed funding. The company plans to use the funding to develop Pil, a new business spending and expense management platform. Tonic Technologies Ltd., operating as Cardtonic, was founded in 2019 by Balogun Usman and Faturoti Kayode (Kay). Emmanuel Sohe is currently the Chief Executive Officer. […]
Kenya’s business environment faces a complex situation, characterized by both excessive and insufficient regulation, according to Pheres Kariuki, CEO of Pure Infrastructure Ltd. The challenges faced by businesses are likened to the situation in Colombia, where an uncontrolled population of hippos is negatively impacting the ecosystem. The Analogy of Escobar’s Cocaine Hippos In 1978, Pablo […]
Minority-owned small businesses often face challenges securing capital for startup or growth. While loans are an option, many prefer alternative funding sources. Grants offer a valuable alternative, providing funding that doesn’t require repayment. 18 Minority Business Grants Many minority small business grants and assistance programs exist. However, finding the right one can be challenging. The […]
Minority-owned businesses continue to grow, but access to funding hasn’t kept pace. The Federal Reserve Banks’ Small Business Credit Survey indicates that fewer than 35% of Black, Asian, and Hispanic business owners secured the full amount of funding they applied for, compared with more than half of white business owners. This highlights the importance of […]
Philadelphia Business Density Analysis Business ownership is a significant factor in economic mobility and wealth creation, but it varies considerably across race, ethnicity, and sex. Recent federal data reveals a sharp rise in business ownership nationwide, though the rates differ among Black, Hispanic, Asian, White, female, and male entrepreneurs in various cities and counties, reflecting […]