PAC Holdings’ Post

Zambia turns 60! Honoring our founding fathers, struggles and triumphs. We would like to wish our valued investors a Happy Independence Day! #abcassetmanagement #investments #investor #Zambianindependence🇿🇲 #Zambia

Exciting webinar next Thursday where we will talk about small business loans from Microfinance Ireland, how the Local Enterprise Offices support small businesses, and how inclusive finance in local communities can drive global impact 🌎 🙌 Register for the webinar here | https://lnkd.in/eaekdUzE #europeanmicrofinanceday #microfinanceireland #localenterpriseoffices #webinar #smallbusinessloans

President William Ruto has taken a historic step in Kenya's financial landscape by launching the country's first shariah-compliant bond, the 'Linzi Sukuk,' on the Nairobi Securities Exchange PLC’s (NSE) Unquoted Securities Platform (USP). Valued at Sh3 billion, this groundbreaking Islamic security is designated to finance the development of 3,069 affordable housing units, addressing the critical need for affordable housing in the country. The President highlighted the significance of this initiative in fostering a dynamic and inclusive capital market. He commended the collaborative efforts in creating this landmark asset-based security, which has the potential to enhance efficiency in delivering priority projects through optimal financial costs. This initiative is expected to positively impact various sectors and stimulate commerce through public-private partnerships. With the approval from the Capital Markets Authority- Kenya (CMA) last year, the Linzi Finsco Trust has been empowered to float the country's inaugural Islamic bond. Unlike traditional bonds, a sukuk bond is compliant with Sharia law, which prohibits the payment of interest. Instead, sukuk bonds offer investors a share of the profits generated by the underlying assets, making them an attractive option for those seeking Sharia-compliant investment opportunities. The introduction of the Linzi Sukuk bond is expected to attract a diverse pool of investors and create numerous job opportunities for Kenyans. As a key pillar in President Ruto’s development agenda, the Affordable Housing project aims to tackle the housing deficit by providing affordable units, thereby addressing a critical societal need and fostering economic growth. #Kenya #ShariahCompliant #LinziSukuk #NSE #AffordableHousing #IslamicFinance #PublicPrivatePartnerships #CapitalMarkets #EconomicGrowth To read more: https://zurl.co/0bw5

🌍 On today’s #FeatureFridayPost, we are shining a spotlight on the incredible work of the African Guarantee Fund (AGF). AGF is at the forefront of driving financial inclusion and supporting the growth of SMEs across Africa. Through executing impactful initiatives, AGF fosters economic growth and creates meaningful change in the development sector. AGF is building a more inclusive financial ecosystem that benefits communities and boosts prosperity across the continent by empowering small businesses and promoting projects that foster economic growth. 💼🌱 Learn more about how AGF promotes economic development in Africa here - https://lnkd.in/dnyqY3i5. #FinancialInclusion #SMEDevelopment #AGF #FeatureFriday

The African Development Bank has approved a $108 million loan to Zambia to boost economic governance, enhance public sector reforms, and foster resilience. The funds will support fiscal sustainability initiatives, including smart invoicing, VAT registration for 12,000 taxpayers, and global tax transparency efforts, aiming to build a robust, diversified Zambian economy.

The African Development Bank has approved a $108 million loan to Zambia to boost economic governance, enhance public sector reforms, and foster resilience. The funds will support fiscal sustainability initiatives, including smart invoicing, VAT registration for 12,000 taxpayers, and global tax transparency efforts, aiming to build a robust, diversified Zambian economy.

Navigating investment in Tanzania? Our guide to Doing Business in East Africa offers comprehensive insights on repatriation rights, tax, banking, dispute resolution & more. Read More→bit.ly/DBIEA #KTAat15

Sri Lanka has reached a staff level agreement for take forward a program with the Internal Monetary Fund, Senior Mission Chief Peter Breuer said. https://lnkd.in/giNsM8bd

The recent approval of a $240 million loan by the African Development Bank Group for Mauritius, aimed at implementing the second phase of the Economic Competitiveness and Resilience Support Program, presents a significant opportunity for the island nation. This funding can drive substantial economic growth, enhance competitiveness, and build resilience against future economic shocks. However, the benefits of this loan will only be fully realized if there is a robust governance framework and a comprehensive repayment plan in place. Ensuring Good Governance and Strategic Planning The key to leveraging this loan effectively lies in good governance and meticulous planning. Effective governance ensures that the funds are utilized transparently and efficiently, targeting areas that will yield the highest returns in terms of economic development and resilience. Strategic planning, on the other hand, involves outlining clear objectives, setting measurable goals, and developing a detailed roadmap for achieving these aims. Connect with Innovate Within for any business inquiries. #Mauritius #EconomicGrowth #FinancialResilience #GoodGovernance #SustainableDevelopment #AfDB #EconomicCompetitiveness #FinancialPlanning #FutureReady #TransparentGovernance