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G20 Reaffirms Support for Debt Relief and Sustainable Financing for Developing Nations

  The Group of Twenty (G20) Finance Ministers and Central Bank Governors has reaffirmed its strong commitment to help low- and middle-income countries manage debt vulnerabilities through comprehensive and systematic approaches. This commitment, contained in the Ministerial Declaration on Debt Sustainability issued on Thursday, underscores the bloc’s recognition that debt distress remains a…

Supernaut AI bags €530K to help developers resolve stalled tickets and reduce technical debt

Lithuanian AI startup Supernaut AI has raised a €530,000 pre-seed investment from Helsinki- and Vilnius-based venture capital fund Superhero Capital.  Supernaut AI is building an “AI-native” tool for engineering teams, designed to accelerate software development by automating repetitive, time-consuming tasks and turning them into tested, documented code within minutes.  The solution integrates with commonly used…

Kenya Seeks Debt Relief as Treasury Engages World Bank Amid Rising Fiscal Pressures | Dawan Africa

Kenya has intensified its push for debt relief and economic support as Treasury Cabinet Secretary John Mbadi led a high-level delegation for bilateral discussions with the World Bank, amid growing concerns over the country’s unsustainable debt levels and shrinking fiscal space. The meetings, held alongside the ongoing IMF and World Bank Annual Meetings, come at…

Kenya Seeks Debt Relief as Treasury Engages World Bank Amid Rising Fiscal Pressures | Dawan Africa

Kenya has intensified its push for debt relief and economic support as Treasury Cabinet Secretary John Mbadi led a high-level delegation for bilateral discussions with the World Bank, amid growing concerns over the country’s unsustainable debt levels and shrinking fiscal space. The meetings, held alongside the ongoing IMF and World Bank Annual Meetings, come at…

SA, we have a (gambling) problem

South Africa has a gambling problem, and it has exploded since the Covid-19 lockdowns. Just take a look at the graph below, which shows gambling revenues across all platforms relatively flat from 2005 to 2019. In 2020, during the Covid lockdowns, it dropped by 28% in current prices. It has since climbed 220%. Read: Sunbet…