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African Development Bank Approves $180 Million Loans to Extend Electricity Access to Rural Areas in Rwanda
This follows the 26 May 2021 approval for $84.2 million from the resources of the African Development Fund (ADF), the concessional window of the Bank Group, for the same project.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Tofino Capital Launches $10 Million Fund for Frontier Tech in Africa, Other Markets
VC firm Tofino Capital has completed a first close of US$5 million of a US$10 million fund focused on investing in early-stage companies in Africa, Latin America, Asia and the Middle East.
- Categories
- Finance, Technology
- Region
- Global
- Tags
- impact investing, startups
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WDI Partners with FSB in Vietnam to Provide Management Training
William Davidson Institute (WDI) is partnering with the FPT School of Business & Technology (FSB) to provide management training in Vietnam.
- Categories
- Education
- Region
- South Asia
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Bboxx Reportedly Acquires Ghana’s Peg Africa for $200 Million
Bboxx, a London-headquartered cleantech startup has reportedly acquired PEG Africa, another cleantech startup based in Accra.
- Categories
- Energy
- Region
- Sub-Saharan Africa
- Tags
- renewable energy, startups
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Kenya Eyes $244 Million Budget Support From IMF
The International Monetary Fund (IMF) plans to release $244 million to Kenya to finance its budget “in the coming weeks” after its staff expressed their satisfaction with Nairobi’s economic reforms in the face of Covid-19.
- Categories
- Agriculture, Coronavirus, Investing
- Region
- Sub-Saharan Africa
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School Fees Payment Startup Zenda Raises $9.4 Million
Zenda was founded in June 2021 by Raman Thiagarajan and Haseeb Ahmed, alumni of McKinsey & Company. Thiagarajan and Ahmed had previously founded edtech startup Nexsquare in Dubai.
- Categories
- Education, Technology
- Region
- Asia Pacific
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Press Release: Development Finance Institutions Pledge to Enhance Collaboration in Support of Infrastructure Development
DFI leaders reiterated the objectives of the DFI community to meet the infrastructure needs of low and middle-income countries.
- Categories
- Finance
- Region
- Global
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Crude Palm Oil Excluded From Indonesia Export Ban
Indonesia's agriculture ministry said that crude palm oil shipments would be excluded from a planned palm oil export ban, according to a copy of an official letter sent to local government leaders.
- Categories
- Agriculture
- Region
- South Asia
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