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Madica Secures $6 Million from Flourish Ventures to Extend African Pre-Seed Investment Pilot
Madica is an Africa-focused pre-seed investment programme affiliated with Flourish Ventures. It aims to empower underrepresented and underfunded mission-driven founders on the continent by providing funding and democratising access to company-building support.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Analysis: Profits and Investment Appear to Be Aligning More Closely as the International Taxation Landscape Evolves
Tax competition can attract profits and investment and boost innovation, but the overall gains are often offset by diminished government budgets and negative short-term spillovers if the tax cuts are financed through debt.
- Categories
- Finance, Investing, Technology
- Region
- Global
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World Bank Group Launches First Digital Strategy to Expand Access and Create Jobs
The strategy addresses four priorities: expanding connectivity; making devices and data more affordable; strengthening digital services and skills; and helping countries build the foundations to benefit from artificial intelligence.
- Categories
- Technology
- Region
- Global
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Spiro and ESP Launch Rwanda Pilot to Support 5,000 Women Entrepreneurs in Africa’s Electric Mobility Sector
Announced in Kigali on 28 October, the Women in E-Mobility programme seeks to help women become professional electric motorcycle riders, establish transport-related businesses and generate sustainable incomes.
- Categories
- Transportation
- Region
- Sub-Saharan Africa
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Breakthrough Energy, Temasek and Enterprise Singapore Renew Southeast Asia Fellows Hub for Three Years
These companies are tackling critical challenges including clean fuels and oils, plastic recycling, alternative materials for EV batteries, photosynthesis enhancers for agriculture, and adaptation and resilience technologies including passive cooling paint and landslide sensing.
- Categories
- Agriculture, Energy, Environment, Technology, Transportation, WASH
- Region
- South Asia
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Fresh Effort to Bring Clean Cooking to Food Vendors in Kenya and Uganda
Food businesses are one of the largest microenterprise groups in Africa. Clean cooking will boost their productivity and incomes.
- Categories
- Energy, Environment, Health Care
- Region
- Sub-Saharan Africa
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Report: AI Models Cost More When You Don’t Use English
Some languages require far more tokens for AI models to process, raising costs and reducing context for the people who use them.
- Categories
- Technology
- Region
- Global
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ADB Accelerates Nature Finance at COP17 with New Bond, Incubator, and Tracking Report
The initiatives, announced at the 17th meeting of the Conference of the Parties (COP17) to the Convention on Biological Diversity in Yerevan, seek to expand private investment in protecting ecosystems that support billions of lives.
- Categories
- Environment, Investing
- Region
- Global
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