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LAfricaMobile Secures $4.6 Million in Series A Funding to Expand Cloud Communication Platform in Africa
LAfricaMobile plans to leverage the funds to propel its growth across Central Africa and further enhance its product offerings.
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
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Report: Poor Countries Need $1.4 Trillion Annually for Universal Social Protection: ILO
Over half of GDP needed for social protection in low-income nations; essential health care tops funding needs.
- Categories
- Health Care, Investing
- Region
- Global
- Tags
- public health
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EIB Global Invests €25 Million in Amethis Fund III to Promote Sustainable Growth of African Businesses
Amethis Fund III will target companies supplying goods and services to low- and middle-income populations in Africa.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Transforming Startup Financing: The Rise of Venture Debt and Alternative Finance in MENA
The venture capital ecosystem in the Middle East and Northern Africa (MENA) experienced a 23% drop in funding and a 34% decline in the number of transactions closed in 2023. But as Reem Goussous at Village Capital and Dunya Bashiti at Capifly explain, alternative capital solutions are emerging to fill the gap — including venture debt, which reached $757 million in the region last year, a staggering 50-fold increase from 2020 levels. They explore how venture debt provides an important financing tool for early-stage, high-growth startups in MENA, enabling them to access funding without diluting their equity.
- Categories
- Investing
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Reversing Climate Change is Possible — But First, We Need to Democratise Climate Finance
Much of the current conversation around climate change focuses on the obstacles that make the problem so difficult to solve. But according to Kevin Kyer at Pyrpose, there are signs of hope, as a growing, global sense of urgency around the issue is driving consumers to embrace sustainable products and behaviors. He explores how emerging technologies and businesses are helping to reduce Co2 emissions — and how platforms like Pyrpose can help mobilize climate-conscious investors to direct climate finance to the most vulnerable parts of the world.
- Categories
- Environment, Investing
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Analysis: The White House Is Fueling the Carbon Offset Market Without Fixing It
The White House issued a full-throated endorsement of carbon offset credits on Tuesday, laying out guidelines that are meant to calm anxieties about “greenwashing” and encourage companies to invest more heavily in a controversial climate solution.
- Categories
- Environment, Investing
- Region
- Global
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Viewpoint: The End of Greenwashing Is Now Within Sight
For markets to work well, they must be transparent, trusted and standardized — three qualities that have largely eluded the market for carbon credits. But change is coming.
- Categories
- Environment, Investing
- Region
- Global
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The Coca-Cola Co. Announces Five-Year Investment in Kenya
The Diet Coke maker said it plans to increase investment in the region by “up to $175m”.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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