Ghana to Scrap Minimum Capital Requirement for Foreign Investors
Plus: SpaceX wants rule change in South Africa and Affinity Africa launches new savings feature
Ghana plans to abolish the minimum capital requirement for foreign investors under a review of the Ghana Investment Promotion Centre (GIPC) Act.
Why it matters
The move is aimed at lowering entry barriers, boosting competitiveness, and attracting more global capital as policymakers push to expand private sector investment and accelerate job creation.
In The News This Week:
SpaceX Challenges South Africa’s Black Ownership Rules for Telecoms
Elon Musk’s SpaceX is urging South Africa to loosen strict Black ownership rules for telecom operators, proposing an alternative program that would let companies invest in local development instead.
Yellow Card Appoints Gillian Darko Vice President of Strategy
Crypto infrastructure provider Yellow Card has appointed Gillian Darko as its new Vice President of Strategy, reporting directly to the CEO.
Affinity Africa Launches “Affinity Boost”, a Goal-Based Savings Account
Digital banking platform Affinity Africa has rolled out Affinity Boost, a new savings product designed to help individuals and small businesses reach financial goals faster through competitive returns and flexible saving options.
In the rest of the news (ICYMI):
Africa Ecosystem Activity
SA’s Street Wallet raises $350k to bring cashless payments to informal economy
8 Egyptian startups selected for latest Flagship Start IT programme
Announcing Our Ghana Tech Ecosystem Dashboard (Beta)
Tech Labari is introducing our Ghana Tech Ecosystem Dashboard (Beta) — a new data tool designed to give founders, investors, and ecosystem players a clear, real-time snapshot of Ghana’s growing tech landscape.
You can check out the dashboard here or on our menu selection.
What you’ll find on the dashboard
Startups across different industries
Funding activity
Sectors in the Ghana Tech Ecosystem
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Labari Insights is our dynamic database, which contains information such as companies, founders, and funding trends shaping Africa’s tech ecosystem.
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