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Innovate Africa Conference 2024 Sets Stage For Sustainable Growth And Prosperity

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Innovate Africa Conference 2024 Sets Stage For Sustainable Growth And Prosperity

Africa’s Future In Focus: Innovate Africa Conference 2024 Set To Drive Growth

Innovate Africa Corp, in collaboration with Bild Foundation, is set to host the inaugural Innovate Africa Conference 2024 on September 13, 2024, at George Washington University, Washington DC, USA. This landmark event will bring together over 500 leaders from business, government, and academia to forge strategic partnerships and drive impactful solutions for Africa’s economic and infrastructural development.

“In these times of unprecedented global challenges, collaboration and innovation are more crucial than ever,” says Uloma Ogbuebile, Founder and CEO of Innovate Africa Corp. “The Innovate Africa Conference 2024 provides a unique platform for leaders to share insights and spearhead solutions that will shape Africa’s economic future.”

The conference, themed “Unleashing Africa’s Potential Sustainability,” will tackle critical challenges and explore vast opportunities in a rapidly changing global landscape. Participants can expect a day filled with groundbreaking ideas, inspiring speakers, and unparalleled networking opportunities.

A unique feature of the conference is the “Deal Room,” which will facilitate direct connections between investors and African businesses, allowing for the exploration and finalization of investment opportunities with the potential to drive substantial economic growth across the continent.

The event will culminate in a spectacular Gala Night on September 14, offering an exclusive opportunity to celebrate Africa’s achievements, network with influential leaders, and enjoy world-class entertainment.

Notable figures such as Chief Olusegun Obasanjo, Ameenah Gurib-Fakim, Dr. Ngozi Okonjo-Iweala, and Michael V. Roberts will participate and share invaluable insights throughout the event. Excel Global Media Group, owners of Diaspora Watch, is an official media partner of the Innovate Africa Conference 2024.

Join the conversation and be part of this transformative journey at the Innovate Africa Conference 2024.

Register at:
https://www.eventbrite.com/e/innovate-africa-conference-2024-tickets-953885115057?utm_experiment=test_share_listing&aff=ebdsshios

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Diaspora

Diaspora Watch – Vol. 49

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Diaspora Watch Newspaper Vol. 49

From global politics to cultural milestones, this edition brings a powerful mix of African and diaspora perspectives:

Global Affairs: U.S. imposes new travel bans; DRC restricts media coverage; Tanzania blocks social media.
Politics: Trump lifts Syria sanctions; UK-US tariff talks stall
Business: Nigeria boosts oil investments; Egypt expands pharma exports
Health: WHO issues RSV vaccine guidance; warns against flavored nicotine
Entertainment: Farewell to Ngugi wa Thiong’o; Kizz Daniel drops new EP
Sports: Coco Gauff reaches French Open semis; Ronaldo leads Portugal
Climate: Niger flood crisis; EU sets 2040 climate goals
Tech & Diplomacy: Nigeria to deploy 7,000 telecom towers; Ethiopia secures IMF deal

Diaspora Watch FREE Digital View: https://diasporawatch.com/3d-flip-book/diaspora-watch-vol-49/

On Demand Print: https://www.magcloud.com/browse/issue/3088405?__r=1069759

SUBSCRIBE TO DIASPORA WATCH NOW ON THE BELOW LINK !!!
https://diasporawatch.com/subscribe-to-diaspora-watch-newspaper/

Celebrating African excellence and spotlighting pressing global issues.
#DiasporaWatch #AfricaInFocus #GlobalNews #CulturalVoices #AfricanPerspective

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Diaspora

Diaspora Watch – Vol. 48

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Diaspora Watch Vol. 48

Diaspora Watch 48th Edition: A Closer Look at Global Issues and African Developments

Diaspora Watch FREE Digital View: https://diasporawatch.com/3d-flip-book/diaspora-watch-vol-48/

On Demand Print: https://www.magcloud.com/browse/issue/3083637?__r=1069759

SUBSCRIBE TO DIASPORA WATCH NOW ON THE BELOW LINK !!!
https://diasporawatch.com/subscribe-to-diaspora-watch-newspaper/

In this edition of Diaspora Watch, we shed light on several pressing issues affecting the African continent and its diaspora community.

The Ghana Embassy in the US has been embroiled in controversy over a visa scam, leading to its temporary closure. Meanwhile, the M23 rebels in the Democratic Republic of Congo have faced accusations of war crimes, sparking concerns about regional stability.

On a more positive note, we highlight some of the top African beauty brands that are making waves globally. Namibia’s President has appointed special advisors to oversee upstream projects, signaling a commitment to economic growth.

The Caribbean Community (CARICOM) and Kenya have renewed diplomatic ties with the appointment of a new ambassador, paving the way for enhanced cooperation between the two regions.

In other news, the Africa-Caribbean Trade Forum is set to take place in Grenada, providing a platform for economic collaboration and development. Tanzania has introduced a new requirement for barcode registration on local goods, aiming to boost trade and commerce.

Beyond Africa, we examine the implications of a recent bill passed by the US House of Representatives and its potential impact on global affairs.

We also take a moment to celebrate the remarkable journey of Dr. Kimma Wreh, a scholar who has weathered the storms of civil war and cyber warfare, emerging as a beacon of resilience and expertise.

Finally, we celebrate the achievements of Nigerian athlete Tobi Amusan, who shattered records and won the 100m hurdles at the Diamond League.

This edition of Diaspora Watch offers a diverse range of stories and insights, showcasing the complexities and triumphs of our global community.

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Diaspora

What’s in Trump’s ‘Big, Beautiful’ Bill That Just Passed the House

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The United States House of Representatives narrowly passed a sweeping Republican tax and spending package on Thursday, marking a significant legislative victory for President Donald Trump.

Dubbed his “one big, beautiful bill,” the legislation now heads to the Senate, where it is expected to undergo notable revisions.

The bill is both ambitious and controversial, containing measures that target several key sectors, including healthcare, taxation, immigration, education, and social welfare.

A centerpiece of the bill is the permanent extension of the individual income tax cuts originally introduced in the GOP’s 2017 Tax Cuts and Jobs Act.

However, these cuts come at a steep price.

According to the Congressional Budget Office (CBO), the proposed tax changes would add approximately $3.8 trillion to the national debt over the next decade. Meanwhile, the legislation proposes deep spending cuts to vital safety net programs.

Medicaid funding would be slashed by nearly $700 billion, a number expected to rise once recent updates to the bill are assessed. Similarly, the Supplemental Nutrition Assistance Program (commonly known as food stamps) would lose $267 billion in federal support.

The bill includes measures that align with longstanding Republican policy goals and campaign promises made by President Trump.

These include significant investments in border security, enhanced systems to curb immigration, and the development of a massive new missile defense shield.

It also proposes a comprehensive overhaul of the air traffic control system, new fees targeting electric vehicle users, and a shift away from federal student loans.

To offset the cost of the tax breaks and increased defense and immigration-related spending, the House GOP aimed for at least $1.5 trillion in spending reductions.

However, Senate Republicans are likely to revise the bill, potentially softening some of the more aggressive cuts.

Because the legislation is advancing through budget reconciliation, it requires only a simple majority in the Senate, bypassing the need for Democratic support.

Among the most contentious provisions is the introduction of work requirements for Medicaid beneficiaries.

For the first time in the program’s six-decade history, non-exempt adults between the ages of 19 and 64 would need to work at least 80 hours per month or engage in approved activities like schooling or community service to retain coverage.

The implementation date has been moved up to the end of 2026, raising concerns that more people could lose coverage sooner.

Exceptions would apply to groups such as parents, pregnant women, medically frail individuals, and those with substance abuse disorders.

The legislation also mandates more frequent eligibility checks for Medicaid expansion recipients and requires certain low-income adults to contribute financially to their care.

It includes penalties for states that use their own funds to cover undocumented immigrants, reducing their federal Medicaid matching funds by 10%.

States would face new limitations on the taxes they can levy on healthcare providers, a revenue stream used to enhance provider reimbursements and health services.

A notable incentive was added for the ten states that have not expanded Medicaid. These states would be allowed to send larger supplemental payments to healthcare providers, potentially deterring them from expanding coverage.

Additionally, the bill delays a Biden administration rule intended to streamline Medicaid enrollment until 2035, which could make it harder for individuals to obtain or renew coverage.

Another controversial aspect of the bill involves changes to the Affordable Care Act (ACA).

It proposes codifying a Trump-era initiative that would shorten the ACA’s open enrollment period and eliminate year-round sign-up options for low-income individuals.

In a last-minute amendment, GOP lawmakers reinstated funding for cost-sharing reduction subsidies, which Trump had previously eliminated.

While this might lower out-of-pocket costs, it could reduce the generosity of premium subsidies, prompting some to drop their coverage.

According to early CBO estimates, these healthcare-related changes could lead to 8.6 million more people being uninsured by 2034—a figure expected to increase as the final provisions are analyzed.

The legislation also enhances the child tax credit, increasing it from $2,000 to $2,500 per child from 2025 through 2028.

However, eligibility is restricted to parents with Social Security numbers, eliminating access for those who file taxes using individual taxpayer identification numbers—typically undocumented immigrants—thereby affecting around two million children.

In a symbolic nod to Trump’s branding, the bill creates “Trump accounts,” officially named “money accounts for growth and advancement” (MAGA accounts).

These accounts would be established for U.S. citizen children born between 2025 and 2028, with an initial federal contribution of $1,000. Families could contribute up to $5,000 annually.

The funds, inaccessible until the child turns 18, could be used for higher education or first-time home purchases and would be taxed at capital gains rates. The account would expire when the beneficiary turns 31.

Fulfilling a major campaign pledge, the bill exempts income from tips and overtime from federal taxation for qualifying workers.

This applies specifically to traditionally tipped occupations and to hourly workers, excluding those earning more than $160,000 annually.

These tax breaks would be in effect from 2025 through 2028 and would also be available to non-itemizing taxpayers.

Senior citizens are not left out, as the bill increases their standard deduction by $4,000 from 2025 through 2028. However, this benefit phases out for individuals with incomes above $75,000 and couples earning more than $150,000.

This measure is positioned as an indirect fulfillment of Trump’s promise to eliminate taxes on Social Security benefits, which cannot be addressed under budget reconciliation rules.

The package introduces a temporary car loan interest deduction, allowing taxpayers to deduct up to $10,000 annually for interest on vehicles purchased after 2025, provided the cars are assembled in the U.S.

This benefit phases out for individuals earning more than $100,000 and couples earning above $200,000.

Other tax reliefs include a temporary boost to the standard deduction and permanent changes that favor wealthier Americans.

The estate tax exemption would be permanently set at $15 million per individual, adjusted for inflation.

The bill also enhances a deduction for owners of pass-through entities, such as partnerships and sole proprietorships, increasing it from 20% to 23%.

The legislation raises the cap on state and local tax (SALT) deductions to $40,000 for those earning up to $500,000, addressing long-standing concerns from lawmakers in high-tax states.

For single filers earning up to $250,000, the cap would be raised to $15,000. These adjustments would gradually phase back down and remain in effect until 2034.

Businesses also benefit from the bill, with the return of full, first-year deductions for equipment purchases and research and development costs, which had been curtailed in previous years. These provisions would expire after 2029.

Moreover, companies could temporarily write off expenses related to constructing or upgrading certain facilities, although deductions for purchases of professional sports teams would be limited.

Finally, the bill significantly increases taxes on universities and private foundations. The endowment tax rate for some universities would rise from 1.4% to as high as 21%, and private foundation taxes would jump to as much as 10%.

These measures aim to generate revenue but have sparked criticism from institutions that rely on endowment income for operational and scholarship support.

In summary, the House-passed bill is a comprehensive and controversial overhaul of the nation’s tax and spending priorities.

While it offers substantial tax relief and fulfills several of President Trump’s campaign promises, it does so at the expense of key social safety net programs and could result in millions of Americans losing healthcare coverage.

The Senate’s response to this bill will determine its final shape and its impact on the American people.

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