Global North America 

Human Capital is an engineering talent agency and a VC fund all in one

Michael Ovitz didn’t invent the idea of a talent agency, but one might argue that he perfected it. He founded the CAA in 1975, and grew it into the world’s leading talent agency, serving as chairman for 20 years. Now, Ovitz is investing in a brand new type of talent agency called Human Capital. Human Capital is a hybrid organization, one part VC fund, one part recruiting business and one part creative agency. (Human Capital did not invest in its agency startup from its VC fund.) The Human Capital VC…

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Europe Global 

The businesses crowdfunding to survive

“Running a small business is touch and go at the best of times,” says Rachel Ho, director of an independent coffee shop in Tottenham, north London. And these, it seems fair to say, are far from the best of times. Ahead of warnings the UK’s economy could shrink by 35%, the Treasury set aside billions to keep businesses afloat during the coronavirus lockdown. But for many, access to that funding is proving too difficult or too slow – and fewer than 2% of the 300,000 inquiries to the government’s loan…

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World Bank Reports Strong Jump in Uganda’s Manufacturing, Projects 6% GDP Growth

Uganda’s economy grew by 6.5 per cent in financial year 18/19, maintaining the rebound in economic activity over the last two years, according to the latest edition of the Uganda Economic Update released by the World Bank. The 14th Uganda Economic Update report released Thursday was themed on strengthening social protection investments to reduce vulnerability and promote inclusive growth. It shows that the economy was boosted by strong consumer spending, and sustained levels of public and private investment.  Foreign investors have been particularly interested in the oil and gas, manufacturing…

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Tanzania: DSE Up As Foreign Investors Snap Up Tanzania Breweries Shares

Foreign investors made a comeback at the equity market on Tuesday this week after injecting Sh1.2 billion in shares for Tanzania Breweries Limited (TBL). The beer maker transacted 153,169 shares at a pre-arranged market board at Sh8,000 per share in three deals, market data show. This largely contributed to the rise of the bourse’s total turnover, which reached Sh1.23 billion on Tuesday from 231,068 shares that were traded in 12 deals. This was higher than the Sh5.56 million that was registered during the previous day. Foreign purchase contributed 99.21 percent…

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Financial Services Fintech Retail Startups 

Amman-based Liwwa raises $6 million to grow its SME lending marketplace

Amman-based fintech Liwwa has raised $6 million in equity investment led by Dutch Entrepreneurial Development Bank FMO. The round was also joined by 500 Startups Chris Larsen, Edgo VC, EFG-EV, Wamda Capital. The investment was made in December 2019 but has been announced today. Existing investors including Bank al Etihad, DASH Ventures and Silicon Badia also participated in the round. FMO (through MASSIF) had also previously invested in the startup in early 2018. This latest investment by FMO came from its newly created FMO Ventures, which is a $217 million (€200 million) program…

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