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Endeavor Catalyst invests in AirTies as first MENA region company
NEW YORK, July 18, 2012 — Endeavor, the world-wide leader in selecting, mentoring and accelerating high-impact entrepreneurs, announced that it has closed an investment round with AirTies, an innovative Turkish developer of wireless networking equipment with worldwide sales, as the third investment of Endeavor Catalyst.
- Categories
- Uncategorized
- Region
- North Africa & Near East
- Tags
- impact investing
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Investing for social impact reaps more than financial returns, says Al Tamimi
For Al Tamimi Investments (ATI), channelling its private capital for social benefit is reaping more than financial returns for its businesses.ATI was founded in 2006 by Emirati business leader Essam Al Tamimi and Rachael Wunsch, an accomplished venture capitalist from Australia. Using personal capital gained from the success of his law firm Al Tamimi & Company, ATI sought to invest in businesses that would enrich and bring value to the UAE community.
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- Impact Assessment
- Region
- North Africa & Near East
- Tags
- impact investing
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New youth savings program launched in Yemen
Silatech and the Deutsche Gesellschaft für Internationale Zusammenarbeit GmbH (GIZ) have signed an agreement with Al-Amal Microfinance Bank (AMB) and Al-Kuraimi Islamic Microfinance Bank (KIMB) in Yemen to provide financial access to tens of thousands of young Yemenis through an innovative new youth savings program.
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- Uncategorized
- Region
- North Africa & Near East
- Tags
- microfinance
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Middle East Social Entrepreneurship Faces Challenges, but No Shortage of Volunteers
The Arab Spring brought tumult to the Middle East, but the demonstrations have also ushered in new aspects to civil life in Arab society. Egypt this past week saw its first free presidential elections in its history as a result, and Arab youth across the region have used new media as an unfiltered way to express themselves and organize as they never could before.
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- North Africa & Near East
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Microfinance Giant Launches Venture Capital Fund For East Africa
Accion, an international microfinance and investment firm, has launched Venture Lab, a $10 million investment vehicle which will provide seed capital and management support to financial inclusion startups worldwide, with a particular focus on East Africa and India.
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- Investing, Technology
- Region
- North Africa & Near East
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GroFin Expands Pool of SME Funding to $323 million, Enters Three New Countries
GroFin, the multinational pioneer of growth finance working to create real impact through the support of small and medium businesses, has announced a growth in funds under management from $260 million to $323 million.
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- Press Release
- Categories
- Impact Assessment
- Region
- North Africa & Near East
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Kiva and Silatech Launch Online Entrepreneur Micro-loans
Online micro-lending platform Kiva has announced a partnership with Qatar's Silatech to develop an online funding programme for young Arab entrepreneurs.
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- Uncategorized
- Region
- North Africa & Near East
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SMES In Egypt, Jordan to Benefit from $500 Million in U.S. Loans
The Overseas Private Investment Corp., an independent agency of the U.S. government, secured $500 million for a lending facility , of which half will be provided to Egypt and the rest to Jordan. OPIC will guarantee loans by local banks to SMEs, microfinance institutions and other approved borrowers. By filling in the gap in access to credit by SMEs in Jordan and Egypt, the initiative aims to spu...
- Categories
- Uncategorized
- Region
- North Africa & Near East
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