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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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Vodacom and Starlink Partner to Connect Africa
Vodacom Group and Starlink have partnered to deliver high-speed, low-latency broadband Internet to businesses across Africa.
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa
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How Pacific Nations Plan to Go From Spending up to 25% of GDP on Fossil Fuels to Running on 100% Renewables
Leaders will formally release a renewable roadmap next week at the COP30 climate conference in Brazil.
- Categories
- Energy, Technology
- Region
- Latin America
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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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Press Release: Digital Impact Bonds: New GDFA Report Highlights Role of Tech in Impact Finance
The report provides a timely platform for collaborative thinking and a call to action on how digital impact bonds can help close the $6 trillion annual climate and nature finance gap, while ensuring transparency, efficiency, and inclusion.
- Categories
- Environment, Technology
- Region
- Global
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COP30 Summit in Brazil: What to Know About the UN Climate Conference?
Delegates from around the world are expected to disagree over how to tackle climate change and who should pay.
- Categories
- Energy, Environment, Investing, Technology, WASH
- Region
- Global
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Viewpoint: Rails, Not Rockstars
The Global South's AI revolution is here, if we bypass the hype and fund the infrastructure that will enable it.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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