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Blockchain Startup Aimed at Financial Inclusion Secures $25 Million Dollar Capital Commitment
Finance Blocks will focus on emerging markets and the unbanked.
- Categories
- Finance, Technology
- Region
- Global
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Edtech Start-Up Manara Raises $3 Million in New Financing
Funding round was led by FinTech company Stripe with participation from Careem founder Mudassir Sheikha and other major investors.
- Region
- Global
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Line Acquires $25 Million in Equity, Debt to Build Inclusive Financial System
Line, the firm building a “modern” inclusive financial network, announced that it has secured $25 million in equity and debt, with Massive leading the funding round.
- Categories
- Finance
- Region
- Asia Pacific
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Promoting the Investment Readiness of Local Capital Providers in Africa
Ten fund managers active in Africa’s tech space have been selected from across the continent for the LAUNCH Capital Provider Fellowship Program
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
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African Development Bank Approves $180 Million Loans to Extend Electricity Access to Rural Areas in Rwanda
This follows the 26 May 2021 approval for $84.2 million from the resources of the African Development Fund (ADF), the concessional window of the Bank Group, for the same project.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Tofino Capital Launches $10 Million Fund for Frontier Tech in Africa, Other Markets
VC firm Tofino Capital has completed a first close of US$5 million of a US$10 million fund focused on investing in early-stage companies in Africa, Latin America, Asia and the Middle East.
- Categories
- Finance, Technology
- Region
- Global
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Kenya Eyes $244 Million Budget Support From IMF
The International Monetary Fund (IMF) plans to release $244 million to Kenya to finance its budget “in the coming weeks” after its staff expressed their satisfaction with Nairobi’s economic reforms in the face of Covid-19.
- Categories
- Agriculture, Coronavirus, Investing
- Region
- Sub-Saharan Africa
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Press Release: Development Finance Institutions Pledge to Enhance Collaboration in Support of Infrastructure Development
DFI leaders reiterated the objectives of the DFI community to meet the infrastructure needs of low and middle-income countries.
- Categories
- Uncategorized
- Region
- Global
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