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InDrive Launches Ventures and M&A Arm to Invest $100 Million in Startups Across Emerging Markets
InDrive will be investing vertically and horizontally from the ride-hail industry, with an eye toward either acquiring or using the services of those companies.
- Categories
- Investing, Transportation
- Region
- Global
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Financing Women- Owned or -Led SMEs for Sustainable Growth: Navigating Capital Supply Side Challenges in Africa
One in four African women owns or manages a business, and in several countries in sub-Saharan Africa, the rates of entrepreneurial activity among women rise to 30-50%. But as Nathalie Gogue-Ebo and Katharina Weber at Open Capital point out, just 6% of funding in the region goes to women- owned or -led small and medium enterprises (WSMEs), limiting these businesses' growth potential. They discuss the factors that are preventing investors from supporting WSMEs, and share some potential solutions.
- Categories
- Investing
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Cognna Secures $2.25 Million in Seed Funding Led by Impact46
COGNNA, a trailblazer in cybersecurity within the Middle East and North Africa region, has completed a seed funding round, amassing over $2.25m.
- Categories
- Investing, Technology
- Region
- North Africa & Near East
- Tags
- cybersecurity, fintech, startups
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Press Release: Arab Coordination Group Pledges US $50 Billion for African Development
Many countries in Africa are particularly vulnerable to climate change, making strengthening climate resilience and adaptation an urgent priority.
- Categories
- Environment, Investing
- Region
- Sub-Saharan Africa
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Announcing Kiva’s Bold New Impact Strategy: The Nonprofit Microfinance Pioneer Shares its Refined Approach — And Unveils the Process Behind its Development
Both social enterprises and nonprofits need inspiring missions to thrive, and when those missions are coupled with well-crafted impact strategies, the change they seek to make is more likely to become reality. Kiva CEO Vishal Ghotge announces the pioneering microfinance nonprofit's latest impact strategy, explains how it will shape Kiva's next phase — and reveals the process behind its creation, so it can serve as a resource for other organizations.
- Categories
- Finance, Investing, Social Enterprise
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Press Release: BlueMark and CASE at Duke University Publish Impact Best Practices Guide for Asset Allocators
This new guide offers tools and tips for allocators to evaluate and engage with impact fund managers, as well as potential red flags.
- Categories
- Investing
- Region
- Global
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Norrsken22’s Debut Fund Closes at $205 Million to Back Growth-Stage Startups in Africa
Norrsken22’s target remains investing in approximately 20 startups. The fund’s typical investment ticket size averages around $10 million.
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
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Press Release: Oikocredit, Goodwell Investments and Global Partnerships Invest in Good Nature Agro to Support Southern African Smallholder Farmers
Investors commit a combined total of US$ 8.5 million to expand Good Nature Agro’s social impact.
- Categories
- Agriculture, Investing, Social Enterprise
- Region
- Sub-Saharan Africa