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Flipkart Valued at $37.6 Billion in New $3.6 Billion Fundraise
Flipkart said it has raised $3.6 billion at a post-money valuation of $37.6 billion in what is widely believed to be the pre-IPO round for the Indian e-commerce conglomerate.
- Categories
- Investing, Technology
- Region
- Asia Pacific
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Egypt’s Yodawy Raises $7.5 Million Series B for Its Digital Pharmacy Marketplace
Cairo-based healthtech Yodawy has raised $7.5 million in a Series B round led by Middle East Venture Partners, Global Ventures, and Algebra Ventures.
- Categories
- Health Care, Investing
- Region
- North Africa & Near East
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MarketForce Secures $2 Million Pre-series A Round, Plans to Launch in Nigeria and Scale Up RejaReja in East Africa
MarketForce aims to digitize offline transactions and transform how informal retail merchants buy and sell.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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IFC Supports CHO for Ecological Production of Olive Oil in Tunisia
The International Finance Corporation has approved a loan of $22 million dollars in favor of the CHO Group.
- Categories
- Agriculture
- Region
- North Africa & Near East
- Tags
- climate change
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DFC, IFC, EIB, and AFD Boosting COVID-19 Vaccine Production in Africa with Senegal-based Vaccine Manufacturer IPD
U.S. International Development Finance Corporation, International Finance Corporation, European Investment Bank, and the French Development Agency announced their commitment to support Fondation Institut Pasteur de Dakar to bolster the production of COVID-19 vaccines in the country.
- Categories
- Coronavirus, Health Care
- Region
- Sub-Saharan Africa
- Tags
- manufacturing, vaccines
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BlackRock Secures USD $250 Million for Climate Infrastructure Finance Vehicle
BlackRock Inc has obtained over USD 250 million in commitments for the Climate Finance Partnership across emerging markets.
- Categories
- Energy, Environment
- Region
- Global
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Press Release: Utilities 2.0 Twaake Pilot: New Integrated Energy Approach Could Deliver Universal Electrification in Uganda for Half the Cost, Fraction of the Time as Grid-Only
A coalition of global energy sector leaders launched a first-of-its-kind integrated energy pilot in Uganda.
- Region
- Sub-Saharan Africa
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IFC Provides $150 Million Financing Package to SeABank
To support local businesses and help them make a resilient recovery after the Covid-19 pandemic, IFC is providing a $40 million loan to Southeast Asia Commercial Joint Stock Bank.
- Categories
- Environment
- Region
- South Asia
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