-
How Foreign Aid Can Innovate Itself Out of Existence: Exploring the Potential of Market-Creating Innovation for Sustainable Development
The foreign aid sector has long been criticized for its inability to generate consistent economic growth and poverty alleviation in developing countries. According to Efosa Ojomo at the Clayton Christensen Institute for Disruptive Innovation, a new approach to aid is needed: one that recognizes the power of business innovation to create new markets that advance local prosperity. He discusses a new pan-African initiative based on that approach, which aims to mobilize aid, business and African institutions to build new markets that generate self-sustaining economic growth.
- Categories
- Health Care, Investing
-
Avanse Financial Bags $98.3 Million Funding From Kedaara Capital
Avanse will use the funds to expand its presence and offer more credit to Indian students.
- Region
- Asia Pacific
-
Why International DFIs Are Looking To African Startups to Scale Impact Investing Efforts
British International Investment (BII), a DFI from the UK, told TechCrunch recently that it will deploy $500 million into startups by the end of 2026.
- Categories
- Investing
-
Lessons in Resilience: What an Impact Investor Learned from an Entrepreneur Who Refused to Give Up
Entrepreneurship is a long game, and winning often comes down to grit. One case in point: Arindam Dasgupta, the co-founder and CEO of Tamul Plates, who has built a thriving business in India despite the historic challenges of recent years. Sachi Shenoy at Calidris and Steve Schwartz at the World Economic Forum were early investors in Tamul Plates through Upaya Social Ventures, the impact investing firm they co-founded. They discuss what Dasgupta has taught them about the qualities and practices investors should look for when seeking resilient entrepreneurs.
- Categories
- Investing, Social Enterprise
-
B Capital Closes Third Growth Fund Series at $2.1 Billion
Global investment company B Capital Group has closed its Growth Fund III at approximately US$2.1 billion.
- Categories
- Health Care, Investing
- Region
- Global
- Tags
- fintech, venture capital
-
PhonePe Raises $350 Million From General Atlantic at $12 Billion Valuation
Walmart-owned PhonePe on Thursday said it has $350 million in its latest funding round from General Atlantic at a pre-money valuation of $12 billion.
- Categories
- Finance, Investing, Telecommunications
- Region
- Asia Pacific
-
Analysis: Supporting Social Enterprises to Understand Their Impact
Social enterprises are once again on the agenda at this year’s World Economic Forum, this time with an emphasis on scaling and partnerships for impact. To support this growth, effective evaluation is key.
- Categories
- Impact Assessment, Investing, Social Enterprise
- Region
- Global
-
African Mobile Game Publisher Carry1st Raises $27 Million in Funding Round Led by Bitkraft Ventures
The company aims to enhance monetization in the region through Pay1st, its embedded payments solution and online marketplace for virtual goods.
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
Subscribe to Our Weekly Newsletter, "NextBillion Notes"
Published each Wednesday, our e-newsletter features NextBillion's latest original articles, along with a selection of news, jobs, bizdev opportunities and events from our recent coverage — and regular conference ticket giveaways.
We respect your privacy. Your information is safe and will never be shared.
Don't miss out. Subscribe today.