Often under the radar, Japanese financiers are getting in at the very early stages of fundraising for African start-ups. The Uncovered Fund is in the midst of raising finance for new investments and hopes to attract $15m by June to invest in $50,000-$500,000 tranches for promising business ventures in e-commerce, logistics and other fields.
Conference of African finance ministers
African finance ministers sent a communiqué to the G20 to demand an extension to the Debt Service Suspension Initiative as many African governments confront the Covid-19 crisis and the burden of their debt piles: ‘With no end to the pandemic in sight, extending the duration of the DSSI at least to the end of 2021, and possibly to the end of 2022 […] is vital to preempt the larger threat of insolvency.’
Uganda’s government debt rose to nearly 50% of GDP in June from 41% in June of 2020. The
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