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Aruwa Raises $35 Million, Hits 90% of its Fund II Target at Second Close
Aruwa Capital is doubling down on its proven investment strategy, backing high-growth, impact-driven businesses that are transforming key industries in Nigeria and Ghana.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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World Bank’s Investment Arm Targets Rise in African Equity Investments
"The Africa Finance Corporation, an infrastructure-focused development finance institution headquartered in Nigeria’s commercial capital, is accelerating attempts to mobilize more domestic capital for investment to make up for cuts to US aid money. . ."
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Kenyan Tourism-Focused Venture Studio Purple Elephant Ventures Tops up Seed Round to $5 Million
"The goal is to lead Africa’s tourism industry towards a greener future, with PEV startups typically scalable, tech-first solutions that supercharge urgent efforts to make Africa’s tourism industry more resilient and more sustainable in the face of climate change. "
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
- Tags
- climate change, tourism
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IFC Launches Landmark ESG Review for $4.5 Trillion Emerging Market Investments
The International Finance Corporation (IFC), part of the World Bank Group, has launched a wide-reaching review of its Sustainability Framework, the blueprint that governs trillions of dollars in private sector investments across emerging markets.
- Categories
- Investing
- Region
- Global
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Analysis: The Data Crisis Following USAID’s Withdrawal: Opportunities to Reimagine Data Systems
Without investment in country data systems, there will be limited data to power AI solutions and drive the longer-term digital transformation of public services.
- Categories
- Investing
- Region
- Global
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ESG is Not Dead; The Deepest Forms of Sustainable Investing Are Thriving
Toniic’s latest T100 report shows remarkable shifts in impact capital deployment over the last ten years.
- Categories
- Environment, Investing
- Region
- Global
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IFC Invests ZAR 1 Billion in Balwin Properties to Support Quality Housing in South Africa
IFC’s investment is expected to promote job creation and economic growth through its impact on the local community and surrounding areas.
- Categories
- Investing
- Region
- Sub-Saharan Africa
- Tags
- employment, housing, supply chains
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Latin America-Based Corporate Travel Startup Onfly Raises $40 Million
"Onfly, founded in 2018, aims to streamline and digitize corporate travel and expense management . . . "
- Categories
- Investing
- Region
- Latin America