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IFC Commits $6 Million to First Circle Capital to Back Early-Stage Fintech Growth in Africa
"Founded and managed by a female-led executive team, First Circle operates from offices in Kampala (Uganda) and Casablanca (Morocco) and is registered as a limited partnership in Delaware."
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Public Good vs. Profitable Exits: Why Public Innovation Agencies Must Stop Copying Venture Capital
A new class of venture capitalist is emerging, but they aren’t Wall Street financiers or Silicon Valley tech bros. As Emre Eren Korkmaz at the University of Oxford argues, they are public innovation agencies that are shifting their funding approach: Instead of supporting high-risk research and innovations aimed at delivering societal benefit, they have begun to adopt the logic of venture capital, favoring commercially viable projects that are more likely to secure follow-on private funding. He explores the downsides to this shift, arguing that the world needs these institutions to do what private capital cannot or will not: supporting innovation for the public good, not just for profitable exits.
- Categories
- Investing, Social Enterprise, Technology
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Green Digital Action Hub to Accelerate Innovation for a Sustainable Future: New Global Nerve Centre Will Harness Digital Technology for Climate Action and Sustainable Development for All
The GDA Hub will provide tools, expertise, and data to help nations scale up green technologies, reduce environmental footprint of technology and ensure access to sustainable digital solutions for all.
- Categories
- Environment, Technology
- Region
- Global
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Safaricom Partners With Naivas to Expand 5G Home Internet Accessibility Across Kenya
The partnership with Naivas is part of Safaricom’s Silver Jubilee celebrations, as the company marks 25 years of connecting and transforming lives in Kenya and beyond.
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Bill Gates Calls for Climate Fight to Shift Focus From Curbing Emissions to Reducing Human Suffering
A doomsday outlook has led the climate community to focus too much on near-term goals to reduce emissions of carbon dioxide and other greenhouse gases that cause warming, diverting resources from the most effective things that can be done to improve life in a warming world, Gates said.
- Region
- Global
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Press Release: Partnership Aims to Advance Clean Energy Innovation in Asia Pacific
Through this initiative, the University of Michigan and WDI will work collaboratively with ADB on a wide range of projects across the Asian region, including in clean energy and e-mobility, climate and health, water, food security, and biodiversity.
- Categories
- Energy, Technology, Transportation
- Region
- Asia Pacific
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Malengo Secures $12.9 Million from The Shapiro Foundation to Expand International Education Pathways & Financial Security
Malengo is a non-profit organization enabling international educational migration and economic empowerment for young people from East Africa.
- Region
- Sub-Saharan Africa
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IFC, Appian Launch $1 Billion Critical Minerals Fund in Africa and Latin America
The fund, anchored by an initial $100 million commitment from IFC, a member of the World Bank Group, will focus on nickel, copper, cobalt and rare earths, all essential for the energy transition and digital technologies.
- Categories
- Energy, Technology
- Region
- Global
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