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WATCH: Rwanda Social Security Board (RSSB) has launched an SME Growth Fund, stepping in as a cornerstone investor with an initial $30 million commitment, alongside partners like Enko Capital Rwanda. This fund will unlock long-term, flexible local-currency financing for small and medium enterprises (SMEs), fueling business growth, jobs, and...

17,690 просмотров • 3 месяцев назад •via X (Twitter)

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“Fairness” = give the bureaucracy more money? Canada’s Finance Minister Chrystia Freeland is raising the tax on capital investments to the highest level in the G7. This video reveals a sad, dystopian view of Canadians. She uses the resentful ‘class war’ language of the 1970s, where Canada will be filled with a sad majority feeling ‘wrath’ unless you accept her new tax. Who writes these speeches? Have they travelled? Famously egalitarian nations Belgium and Switzerland and Singapore have zero cap gains taxes. Do they hate fairness? Seriously, this is her proposal: Take $18 billion in risk capital proceeds away from Canada’s small but critical investor class with a globally uncompetitive tax rate. Then give that money - along with another $40 billion in debt - to a federal bureaucracy that currently does not show up for work in person more than twice a week. They will invest it instead. The nation will heal. Thats not fairness. It’s losing. Again. On an international scale. Here’s why this tax will add to her economic losing streak: 1. It kills economic growth. Taxing capital investment discourages the cash that backs the entrepreneurial ideas that turn into the jobs and companies that grow the economy and improve productivity and living standards. Every other large advanced economy will have a lower cap gains tax than Canada. Are they less ‘fair’ than Minister Freeland? Or do they have an economic strategy of shared prosperity that allows for individual success without the sad language of class resentment and envy? Every company whose services we love today - no matter how large - started with an entrepreneur - and some investors crazy enough to fund them with risk capital. Most nations do whatever they can to attract entrepreneurs and investors because they bring growth and economic vitality and jobs. This Minister is taxing them away in the name of fairness. But federal fiscal incoherence is costing Canadians $54 billion interest losses degrading public services and the worst declining GDP performance in the G7 2019-2024 and the worst GDP per capita of all 40 advanced nations in the OECD modelled out to 2030. Fairness for Canadians starts with federal fiscal competence. 2. It kills jobs (the real ones): The private sector creates jobs when good ideas or expansion is funded by risk capital - that is why positive jobs reports are usually signals of economic growth. But Canada’s jobs reports aren’t signals of economic growth anymore because they feature a failing economy where most of the jobs being reported are actually government roles bought with debt. This kills economic productivity. When governments use debt to buy jobs it turns a single debt-funded position into a permanent unfunded annual govt operating cost. Every one of these jobs costs more in tax, debt and interest than it can ever contribute back. Taxing the risk capital that creates real jobs while borrowing money to buy public sector jobs with debt - the current modus operandi of this government and its “jobs” announcements - kills GDP productivity. 3. It takes Canada backwards Canada’s private sector is the only mechanism to fund Canadian prosperity. Risk capital funds the companies and jobs that are the engine that pays for everything - including all government employees and services - and all debt and interest. A previous Liberal government knew this. They dropped this tax back in 2000 to help Canada compete with the rest of the world, who in turn compete hard for the mobile investment capital of the smartest and most successful investors because it has such a positive impact on economic growth. For everyone. Economic prosperity is the best form of fairness. Going backwards to economic policies from the last century, wrapped in the dystopian language of big government ‘fairness’ isn’t helping anyone. Cut taxes, spending and the bloated state. Fairness = fiscal competence.

David Knight Legg

266,287 просмотров • 2 лет назад

We delivered a solid first half with robust commercial performance on the retail market in France, Europe and Middle East & Africa. Associated with improved operational efficiency, this allows us to achieve an EBITDAaL growth of 3.8% and to raise our EBITDAaL growth target for 2025. 📍 In France, we achieved a notable acceleration of 0.9% EBITDAaL and our mobile network were ranked number one for the 14th time in a row. 📍The remarkable performance in Middle East & Africa, with a double-digit increase in EBITDAaL for the tenth consecutive half, was driven by access to our 4G and 5G networks, now used by more than half of our 167 million customers, as well as by the development of Orange Money and B2B. 📍 In Europe, volume momentum and value strategy lead to retail services revenue growth +1.2% and EBITDAaL up +2.2%. 📍 In Orange Business, we are on track with the plan and have achieved very solid growth for Orange Cyberdefense with a 7% revenue increase. We have launched a new division dedicated to defense and security to leverage opportunities in the area of sovereignty. This will enable us to capitalize on Orange’s innovative prowess, cybersecurity expertise and network quality. This performance is the result of our Lead the Future strategy and has allowed us to increase organic cash flow by 7.7%. Big thanks to all the Orange teams for their commitment and performance during this first half, and to our customers for their trust. More info : #H1_2025

Christel Heydemann

13,232 просмотров • 1 год назад

.Rwanda Social Security Board and our favorite artist The Ben joined Umuganura celebration in the Nordics, making the event even more memorable! Rwandans living in #Finland, #Denmark, #Norway and #Sweden couldn’t have asked for a better Umuganura! Over 500 Rwandans from across the Nordic countries gathered in Norway to celebrate Umuganura : Rwanda’s National Harvest , alongside members of the diplomatic corps accredited to Norway and the vibrant African diaspora. This year’s Umuganura was the best ever ! A powerful celebration of culture, unity, and Rwanda’s forward-looking vision. A standout moment was the engagement with Alain Ngirinshuti from Rwanda Social Security Board who flew in from Rwanda to share two groundbreaking government initiatives: -Housing Projects , designed to give every Rwandan a dignified place to call home. - Ejo Heza , an innovative long-term savings scheme that enables all Rwandans, including children, to secure futures through voluntary savings and pension benefits. These initiatives reflect the Government of Rwanda ’s bold and inclusive approach to nation-building, ensuring that no one is left behind , not even abroad. The celebration was elevated by an electric performance from our favorite artist The Ben, alongside beautiful Rwandan community in the Nordics’ traditional cultural groups who reminded us of the richness of our heritage. This Umuganura wasn’t just a harvest celebration. it was a testament to progress, purpose, and pride in being Rwandan.

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12,845 просмотров • 11 месяцев назад

Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele(Taiwo Oyedele), at the launch of YouthCred for Entrepreneurs, said the initiative represents a major step in the Tinubu administration's vision of building a credit-driven economy that expands access to finance, empowers young entrepreneurs, and creates pathways to inclusive economic growth through responsible Consumer Credit. More Details: - President Bola Ahmed Tinubu established CREDICORP with the mandate of expanding access to consumer credit to half of all working Nigerians by 2030. - The initiative is aimed at building a credit economy where responsible borrowing and good credit history create opportunities for economic mobility. - The YouthCred programme was introduced as the largest consumer credit initiative designed specifically for young Nigerians. - Phase One, targeting NYSC members, provided credit education to over 51,000 young Nigerians, with more than 30,000 progressing to responsible credit access. - Phase Two, targeted at employed young Nigerians, has already reached more than 81,000 beneficiaries. - The Federal Government has now launched Phase Three – YouthCred for Entrepreneurs, with a target of empowering 500,000 young entrepreneurs nationwide. - The programme recognises that over 90% of Nigeria's Micro, Small and Medium Enterprises (MSMEs) are micro-enterprises operated by individuals such as tailors, mechanics, farmers, content creators, caterers, artisans, fashion designers, and ride-hailing drivers. - Eligible Nigerians aged 18 to 35 years can access financing ranging from ₦200,000 to ₦2 million. - Loan eligibility is based on responsible credit behaviour, cash flow, and repayment capacity, rather than inherited wealth or traditional collateral requirements. - Financing will be delivered through regulated financial institutions, while beneficiaries will also receive support to formalise and scale their businesses. - The programme complements broader economic reforms, including the exemption of small companies from Company Income Tax, as well as the removal of VAT compliance and withholding tax burdens for small businesses since January 2026.

Daddy D.O🇳🇬

12,655 просмотров • 10 дней назад