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Press Release: Rockefeller Foundation, OpenAI Foundation Announce $50 Million Partnership To Help Cities Improve Public Services Through AI
Global open call invites proposals from city partners to use frontier AI solutions to advance public services across public health, economic mobility, environmental resilience, and civic engagement.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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World Bank and IFAD to Scale up Co-Investment in Rural Economies and Food Systems
The agreement builds on the two institutions’ partnership across multiple initiatives, including AgriConnect, which aims to help transform agriculture for 300 million smallholder farmers by 2030, and Water Forward, which seeks to improve water security for 1 billion people by 2030.
- Categories
- Agriculture
- Region
- Global
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Dedicating $750 Million to Impact Investments
MacArthur is increasing the pool of capital dedicated to impact investments to extend the reach of our programs, advance our mission, and expand the flow of impact investments globally.
- Categories
- Education, Energy, Environment, Health Care, Investing
- Region
- Global
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BII Commits $65 Million in Zambia and Zimbabwe to Strengthen Financial Markets and Unlock Investment in Frontier Economies
Across the two markets, BII is using its capital to strengthen financial institutions, build local capital markets and mobilise private investment into productive sectors, including climate and agriculture.
- Categories
- Agriculture, Environment
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Five35 Ventures Completes 1st Portfolio Exit, Generates 3.5x Return From Complete Farmer Investment
The Africa Growth Fund is a US$200 million fund-of-funds designed to strengthen African-led, women-led investment vehicles and enable them to invest in businesses with the potential to contribute to inclusive growth and job creation.
- Categories
- Agriculture, Technology
- Region
- Sub-Saharan Africa
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World Bank Group Mobilizes Record Private Capital for Developing Countries, Driving Job Creation
Private capital mobilized by the World Bank Group has more than tripled over the past four years, rising from $35 billion in FY22 to $112 billion in FY26.
- Categories
- Investing
- Region
- Global
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World Bank Group and Banco Consorcio Mobilize Financing to Expand Access to Housing and Create Jobs
The two institutions are strengthening their partnership to expand women’s access to mortgage lending, helping reduce Chile’s housing deficit and support the recovery of the construction sector, a key driver of employment and economic growth.
- Categories
- Investing
- Region
- Latin America
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Oracle Plans to Cut 3,000 India Jobs the Same Month Microsoft Puts 500 on Notice
Oracle is reportedly moving to cut close to 3,000 jobs in India around September 1 or 15, right as its new fiscal quarter opens, following a fiscal-year headcount drop of 21,000 that the company partly blamed on AI adoption. Microsoft, meanwhile, has put roughly 500 India employees, about 2% of its India workforce, on performance improvement plans, giving the AI-versus-headcount story its clearest real numbers yet.
- Categories
- Technology
- Region
- Asia Pacific
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