Standard Bank, through Stanbic Bank Botswana, has partnered with Kwenantle Farmers to promote eco-friendly farming practices in Botswana, enhancing sustainability and economic development. The collaboration includes financing a 1MW solar-powered irrigation system, reducing energy costs by 65% and enabling Kwenantle Farmers to expand operations, create 50 new jobs, and increase annual production. This partnership emphasizes environmental stewardship, community development, and aligning with the UN Sustainable Development Goals, setting a new standard for sustainable agriculture and economic growth in Botswana.
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Africa: Trump Attacks Global Minimum Tax
President Donald Trump's withdrawal from the OECD minimum 15% global tax deal could potentially harm Africa, impacting efforts to curb multinational tax avoidance practices that have led to significant financial losses on the continent. Trump's executive order threatens protective measures against foreign countries that tax US companies, raising concerns about sovereignty and retaliatory tax regimes. The OECD global tax deal aims to ensure large multinationals pay a minimum level of tax in all jurisdictions, potentially...
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