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Chocolate City Launches $1 Million Fund to Back Early-Stage Creative Startups in Nigeria
By offering equity investment and mentorship, the initiative aims to help young entrepreneurs scale sustainable businesses rather than rely on short-term funding.
- Categories
- Investing
- Region
- Sub-Saharan Africa
- Tags
- creative economy, scale, startups, youth
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Africa Exports to The U.S. Under Pressure As AGOA Trade Benefits Expire
The African Growth and Opportunity Act (AGOA), which had granted duty-free access to thousands of goods from 32 sub-Saharan African countries for 25 years, expired at midnight on September 30 after U.S. lawmakers failed to agree on an extension.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Medusa Submarine Cable Linking Europe to Sub-Saharan Africa Begins Deployment
The initiative, led by Barcelona-based AFR-IX Telecom, will establish a major data corridor over an 8,700-kilometre path.
- Categories
- Technology, Telecommunications
- Region
- Global
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Razorpay, NPCI, and OpenAI Join Forces to Enable ChatGPT UPI Payments in India
Razorpay partners with OpenAI and NPCI to test ChatGPT-based agentic UPI payments for seamless shopping.
- Region
- Asia Pacific
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Latin America Fintech Remitee Lands $20 Million Funding Round
Remitee will use the funding to expand its coverage across Latin America, while also "deepening our presence in the US-Europe-LatAm triangle".
- Categories
- Finance
- Region
- Latin America
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Swedfund Invests $15 Million in Excelsior Capital Vietnam Fund II to Boost SME Growth
The fund said in a statement that Excelsior II provides growth capital to mid-sized companies and will contribute to job creation in sectors like retail, manufacturing, healthcare, education and tech.
- Categories
- Investing
- Region
- South Asia
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GIIN Report: Impact Investing Surges Despite Global Headwinds
Despite strong growth, investors highlighted several persistent challenges. The leading concern, selected by 62% of surveyed investors, was “impact washing.” Unsurprisingly, the current ESG backlash was also cited as a key issue.
- Categories
- Investing
- Region
- Global
- Tags
- ESG, greenwashing, impact investing
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UNDP Secures $3.2 Million for Climate and Health Funding in Afghanistan
This funding will help strengthen Afghanistan’s response to the health impacts of climate change, especially among vulnerable communities such as internally displaced persons (IDPs) and returnees, benefiting more than 1.4 million people across 15 provinces.
- Categories
- Environment, Health Care
- Region
- North Africa & Near East