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Press Release: G7 Development Finance Institutions and Multilateral Partners to Invest over $80 Billion into African Businesses over the Next Five Years
The G7 DFIs, the IFC, the private sector arm of the African Development Bank, EBRD, and the EIB today announced that they were committed to investing $80 billion in the private sector over the next five years to support sustainable economic recovery and growth in Africa.
- Categories
- Coronavirus, Finance, Investing
- Region
- Sub-Saharan Africa
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Nigeria’s Gokada Launches Super App, Passes $100 Million in Annualised Transaction Value
Gokada has evolved to become a leading food delivery, parcel delivery, and last-mile e-commerce fulfillment solution.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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E-Commerce Enabler Great Deals Closes $30 Million Series B Funding to Build Automated Fulfilment Centre in Philippines
Great Deals offers digital marketing, content creation, storefront management, web design, business analytics and customer service
- Categories
- Investing, Technology
- Region
- South Asia
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USAID and DTI Partner for Youth Entrepreneurship Training
The United States Agency for International Development (USAID) and the Department of Trade and Industry (DTI) have signed a partnership to enhance entrepreneurship training programs for Filipino out-of-school youth.
- Categories
- Education
- Region
- South Asia
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Fastbeetle Raises Seed Funding Round From Angels and Impact Investors
A Srinagar-based logistics company, Fastbeetle has closed a seed funding round at an undisclosed valuation from angel investors including Anuj Sharma of Alsisar Impact and Kartik Desai of Asha Impact.
- Categories
- Uncategorized
- Region
- Europe & Eurasia
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An Engaging Approach to Entrepreneurship Training: Four Free Case Studies Highlight Solutions to Business Dilemmas in Emerging Markets
Entrepreneurs in emerging markets face a number of common challenges when growing their businesses, yet there is a lack of affordable and accessible training tools geared specifically to their needs. To help fill that gap, the William Davidson Institute (WDI)'s Entrepreneurship Development Center has published four free case studies exploring dilemmas faced by small businesses on the path to growth. WDI's Amy Gillett and Kristin Babbie Kelterborn highlight these studies, which can be put to use in entrepreneurship training programs or used by entrepreneurs themselves.
- Categories
- Education
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Alliance for a Green Revolution in Africa Partners With Aceli to Enhance Capital Flows for SMEs in Agriculture Sector
AGRA and Aceli have signed a letter of intent committing to jointly work together to test and scale up innovations that substantially drive down the cost and risk of financing SMEs in the agriculture space.
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
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Building Inclusion Into the Investment Process: Four Steps for Addressing Bias Against Women Startup Founders
While overall global funding for startups grew in 2020, women founders received 27% less investment than the previous year. The problem is particularly troubling in emerging markets, where only 11% of seed funding went to companies with a woman on their founding team in 2019. Akansha Kasera and Malika Anand at BFA's Catalyst Fund discussed the issue with two female venture capitalists, Lexi Novitske from Acuity Ventures and Lelemba Phiri from Enygma Ventures: They share four steps the investment industry should take to boost gender equity and reduce bias against women startup founders.
- Categories
- Investing
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