The UK government has unveiled a £100 million Innovation Fund aimed at transforming the way the public sector operates. Spearheaded by Pat McFadden, the Minister for Intergovernmental Relations, the initiative seeks to inject a “startup mentality” into government operations by adopting a “test and learn” culture, a practice commonly employed by leading digital firms. The […]
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The African Development Bank (AfDB) has approved the release of the first tranche of a $1 billion, 25-year loan to South Africa’s state-owned freight and infrastructure operator, Transnet. This funding is part of a significant financial agreement aimed at boosting Transnet’s infrastructure development and supporting the country’s economic recovery. Loan Details and Purpose The loan, […]
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The World Bank has approved a $660 million loan to support the Eastern Turkey Middle Corridor Railway Development Project, a vital infrastructure initiative aimed at upgrading a 660-kilometer railway line that stretches from Divriği to Kars in eastern Turkey. This significant investment is part of the World Bank’s ongoing efforts to support Turkey’s transportation sector […]
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Haliey Welch, widely known as the “Hawk Tuah Girl” following a viral video that catapulted her to social media stardom, is facing public backlash after her recently launched cryptocurrency, $HAWK, plummeted in value, leading to significant financial losses for investors. The 22-year-old, who gained fame with her provocative comments in an internet meme video, had […]
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The COVID-19 pandemic has significantly raised awareness around mental health, prompting a surge in demand for mental health and wellness (MHW) services. As this sector evolves, the increased utilization of telehealth and virtual platforms has reshaped the industry, while investments in mental health solutions continue to grow. Key Insights: Looking Forward: The future of mental […]
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London-based legal tech startup Lawhive has successfully raised $40 million in its Series A funding round, marking a significant milestone in an already record-setting year for venture capital in the legal technology sector. The round, led by GV and TQ Ventures, follows a £9.5 million seed funding round completed just seven months ago, which was […]
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Today marks 600 days of war in Sudan – a war that has generated what the UN calls “a freight train of suffering.” Even as ongoing crises in Ukraine and Gaza draw more international attention, Sudan has become the site of a declared famine and the world’s largest current displacement crisis. While international attention remains […]
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The Financial Action Task Force (FATF) is consulting about proposed revisions to its anti-money laundering, counter-terrorism financing, and counter-proliferation financing (AML/CFT/CPF) standards. The proposed revisions to Recommendation 1 (R.1) aim to bolster financial inclusion by refining how the risk-based approach (RBA) is implemented globally. While the updates are a step forward, the financial inclusion community […]
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Saudi Arabia has extended its financial support to Pakistan by renewing a $3 billion deposit with the State Bank of Pakistan (SBP), continuing a partnership aimed at bolstering Pakistan’s foreign exchange reserves. This renewal, announced by the Saudi Fund for Development (SFD), will provide Pakistan with much-needed liquidity to stabilize its economy amid significant debt […]
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Startup businesses are the backbone of innovation, economic growth, and job creation worldwide. However, despite their immense potential, a staggering 90% of startups fail, leaving billions of dollars in lost investments and untapped opportunities. This high failure rate presents a critical challenge, not only to entrepreneurs but also to the broader economy. In this article, […]
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