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Economy & Business

IRS extends April 15 and other upcoming deadlines, provides other tax relief for victims of Texas winter storms

Original article was posted on the IRS website and can be found here. WASHINGTON – Victims of this month’s winter storms in Texas will have until June 15, 2021, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today. Following The recent disaster declaration issued by the Read more...

Economy & Business

Africap LLC, an FCA Corp advised entity, announced its investment into Liberia Merchant Capital

HOUSTON, TEXAS & MONROVIA, LIBERIA- Africap LLC, an FCA Corp advised entity, announced its investment into Liberia Merchant Capital (“Liberia Merchant Capital”, “LMC”, or the “Company”), a startup financial institution in Monrovia, Liberia. The investment is a joint-venture with Trans-Africa Holdings, incorporated in 1996 with the objective of building an Africa-wide network of specialized financial Read more...

Economy & Business

Fortesa International is continuing to build a foundation for Senegal’s emergence as an energy player.

The following article, recently published on Africa Oil & Power, features information about Fortesa International, is a portfolio company of Africap LLC. Published: January 15, 2021 Senegal is the hotspot for energy investment in West Africa right now, owing to a string of huge offshore hydrocarbons discoveries since 2014 (as well as its compelling renewables Read more...

Press Release

Africap LLC, an FCA Corp affiliate, completes financing for Zambian CPG manufacturer.

HOUSTON, TEXAS & LIVINGSTONE, ZAMBIA- Africap LLC, an FCA Corp affiliate, announced its investment into Victoria Brands (“Victoria Brands”, or the “Company”), a Livingstone, Zambia-based manufacturer of white-label food items. Victoria Brands Ltd flagship brand, Victoria 1855, is named after the majestic Victoria Falls which were first shown to David Livingstone in 1855 by the Read more...

Economy & Business

Property rights, data, and prosperity in Africa

Tom Koch, Director of Global Capital & Strategy for FCA Corp recently published the following article on the Atlantic Council website. Published: December 17, 2020 One of the biggest obstacles to wealth creation and greater economic prosperity in Africa has to do with land ownership. Overcoming this obstacle will require better data collection, aggregation, and Read more...

Uncategorized

CARES Act Waives Required Minimum Distributions

On March 27, 2020, President Trump signed into law the CARES Act in response to the widespread negative economic impact resulting from the current COVID-19 crisis. There are many facets in bill ranging from small business activities to individual income tax planning.

Uncategorized

Paycheck Protection Program

The Coronavirus Aid, Relief, and Economic Security (CARES) Act has allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. The Payroll Protection Program is designed to provide forgivable loans to business concerns of less than 500 employees, including the self-employed.

Uncategorized

Extended Deadlines to File and Pay Income Tax

The Treasury Department and the Internal Revenue Service (IRS) announced special Federal income tax return filing and payment relief in response to the ongoing Coronavirus Disease 2019 (COVID-19) emergency.