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AgDevCo Secures $90 Million of DFI Funding to Further Invest in African Agribusinesses to Deliver Jobs, Incomes, and Food
AgDevCo announced a $90m package of new funding from the CDC Group, Norfund and DFC which will allow AgDevCo to continue to grow its investment activities in agriculture across Sub-Saharan Africa.
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
- Tags
- gender equality
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Ex-Twitter India Head’s Startup to Create Metaverse of Education
Invact Metaversity, founded by former Twitter India head Manish Maheshwari, on Monday announced it has received $5 million in funding led by Antler India.
- Categories
- Education
- Region
- Asia Pacific
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Women, Green SMEs to Reap Big From Absa’s KSE 1.25 Billion Loan Facility in Kenya
Absa Bank Kenya Plc Monday signed an Sh1.25 billion Loan Portfolio Guarantee Facility with the African Guarantee Fund (AGF) to boost credit accessibility for local small businesses, including startups.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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UK Pledges £10 Million for Energy Projects In Nigeria
The UK is providing up to £10 million of concessional aid to reduce the risk for pension and insurance funds to invest in energy access projects, and support Nigeria’s COP26 commitments.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Analysis: A Swedish Nonprofit Is Creating the Largest Startup Hub in East Africa
In one of its newest enterprises, the nonprofit is building the largest startup hub in east Africa, in Rwanda’s capital, Kigali.
- Categories
- Environment, Investing, Social Enterprise
- Region
- Sub-Saharan Africa
- Tags
- impact investing, startups
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Earnipay Secures $4 Million Seed Funding to Provide On-Demand Salary to Employees in Africa
Founded by Nonso Onwuzulike to improve the financial well-being of employees, Earnipay uses its technology to offer employees the opportunity to access their earned salaries into their accounts flexibly, in real-time and interest-free.
- Categories
- Finance, Investing, Technology
- Region
- Sub-Saharan Africa
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Global Health Champion Dr. Paul Farmer Has Died
Dr. Paul Farmer, global health champion, Harvard Medical School professor, anthropologist and co-founder of the nonprofit health organization Partners in Health, has died at age 62.
- Categories
- Health Care
- Region
- Global
- Tags
- infrastructure, SDGs
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$150 Million Asian Development Bank Loan to Support Green Recovery, Catalyze Financing Toward SDGs in Indonesia
The Asian Development Bank has approved a $150 million loan to support a facility aimed at accelerating Indonesia’s economic recovery from the coronavirus disease (COVID-19) pandemic and catalyzing public and private funds to support green and bankable infrastructure projects.
- Categories
- Coronavirus, Finance, Health Care
- Region
- South Asia
