AGP Executive Report
Last update: 4 hours agoUK Budget: Chancellor John Healey raised the small-business rates-relief threshold from £12,000 to £18,000 for eligible retail, hospitality and leisure firms, potentially removing 70,000 from rates altogether. But business groups say the help may not offset a 3.9% minimum-wage increase and other rising costs. SME Finance: Uganda’s Centenary Bank, Airtel Money and gnuGrid launched phone-based loans of up to Sh500,000, while Sri Lanka added four microfinance lenders to its credit-information system, aiming to widen access to formal borrowing. Tax and Payments: Kenya’s revenue authority plans to use mobile-money business account data to identify undeclared income, a move that could bring more traders into the tax net but raises the stakes for small firms’ record-keeping. Cybersecurity: A new global survey found ransomware attacks fell to 18% of organizations, yet 45% remain unsure their protections work; phishing was the most common reported entry point.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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Pseudo-journalism: Pink-slime
