The United Kingdom has committed £850m to the eighth replenishment for the Global Fund to Fight AIDS, Tuberculosis and Malaria. While it is a welcome, vital, addition to the replenishment, it represents a 15 percent cut on the UK’s previous contribution of £1bn in 2022 and is the lowest pledge from the UK since 2010….
Romeo Kumalo, the former Vodacom Group executive and co-founder of LLH Capital Ltd., plans to raise a $200 million private equity fund to invest in artificial intelligence-focused companies across Africa. The move follows LLH Capital’s profitable exit from Optasia, the fintech and AI platform that debuted on the Johannesburg Stock Exchange this week with a…
Geneva — The African Union (AU) and the Global Fund to Fight AIDS, Tuberculosis and Malaria (the Global Fund) today signed a memorandum of understanding (MoU) to deepen collaboration in support of African countries’ efforts to end AIDS, TB and malaria, strengthen health systems, increase domestic resource mobilization and advance health security and sustainable development…
A Rhode Island federal judge on Friday ordered the U.S. Department of Agriculture to distribute money owed to recipients of the Supplemental Nutrition Assistance Program “as soon as possible,” just one day before funding for SNAP was set to lapse. U.S District Judge John McConnell’s ruling from the bench came shortly after another federal judge…
The Africa Education Trust Fund Artificial Intelligence (AETF – AI) Conference was launched in Accra on Tuesday on the theme: “AI for Africa: Unlocking Opportunities for Education, Innovation and Sustainable Development.” Set for November 5 and 6, 2025, the conference seeks to position Africa at the forefront of the global Artificial Intelligence (AI) revolution by…
TLDR The International Finance Corporation (IFC) has announced a proposed equity investment of up to $6 million in Catalyst Fund The fund focuses on three verticals: fintech for climate resilience, sustainable livelihoods, and climate-smart essential services such as water, energy, and agriculture The IFC’s participation would strengthen the fund’s capital base while signaling confidence in…
An internet service provider entrepreneur at work. Tech Credit Fund, a subsidiary of Solcon Capital, has launched a credit fund to support black-owned internet service providers (ISPs) and accelerate broadband connectivity in SA’s townships and rural communities. Solcon Capital is businessman Andile Ngcaba’s global investment firm. According to a statement, the credit fund will provide…
New GX Capital founder and CEO Khudusela Pitje New GX Capital’s clean-tech investment fund, Airnergize Capital Fund I, has secured US$28-million (R488-million) in funding from Nedbank CIB. Led by New GX Capital CEO Khudusela Pitje, Airnergize was launched in April this year with the intention of investing in renewable energy, gas and water infrastructure across…
The Global Fund to Fight AIDS, Tuberculosis and Malaria (the Global Fund) warmly applauds Switzerland’s early pledge of CHF 64 million to the Eighth Replenishment. At its meeting on 12 September 2025, the Federal Council decided to earmark CHF 64 million for the Global Fund for the period 2026-2028. Through this renewed support, Switzerland is…
TLDR British International Investment (BII) has committed $20 million to Acumen’s Hardest-to-Reach (H2R) Initiative, a fund aimed at expanding access to off-grid solar power The investment, made through H2R Amplify, will help provide affordable clean energy to over 50 million people across 17 countries H2R Amplify has secured $123 million at first close and uses…
