Daniel Yu, co-founder of Wasoko, launched the Africa Jobs Fund, a philanthropic investment fund seeking to mobilise $100 million over the next 5 years to back companies creating jobs across Africa. The fund will focus on export manufacturing and international labour mobility. It says those 2 sectors can help African workers move from informal or…
Africa Finance Corporation (AFC), the pan-African development finance institution with over $19 billion in total assets, has committed $100 million to invest in Africa-focused technology fund managers, the Lagos-based institution announced on May 18, 2026. The move marks a shift from AFC’s core infrastructure mandate into early and growth-stage venture capital. The first two commitments…
NEW YORK — EXIM-Backed Financing Guarantee Unlocks Capital, De-Risks U.S. Entry Into Africa’s Fast-Growing Digital Market Top U.S. officials, Citi, U.S. tech leader Cybastion and a consortium of U.S. tech companies announced the Export-Import Bank’s first-ever $100 million financing guarantee in Africa’s digital sector for a national data center and digitalization project in Côte d’Ivoire….
