TLDR Helios Investment Partners is scaling up its presence in Africa’s creative sector with a new $75 million fund targeting sports and entertainment The London-based private equity firm’s specialist arm secured $50 million in equity from development finance institutions to support the strategy Helios’s strategy builds on its 2021 investment in NBA Africa, which valued…
Across most of Africa, rural communities grow their own food, relying on smallholder agriculture. But climate change is threatening this way of life. Rising temperatures, erratic rainfall and degraded soils are already shrinking harvests. This is pushing millions of smallholder farmers into deeper poverty. Yet some African farmers are embracing innovative, cost-effective and environmentally friendly…
TLDR The SECO Startup Fund (SSF), backed by Switzerland’s State Secretariat for Economic Affairs (SECO), has announced a new co-management structure with Seedstars and iGravity SSF is being relaunched with a refreshed strategy to support high-impact businesses in Swiss partner countries that lack access to traditional financing The fund will offer flexible, non-dilutive debt capital…
Geneva — A pivotal moment in the fight to end AIDS — ensuring lifesaving innovation reaches those who need it most, wherever they live The Global Fund to Fight AIDS, Tuberculosis and Malaria (the Global Fund) today announced it has signed an access agreement with Gilead Sciences to procure lenacapavir, a long-acting injectable for HIV…
New York — In Gabú, Guinea-Bissau, a grandmother named N’beta hesitated. Her six-month-old grandson, Seco, was healthy, so why give him medicine? But community health workers Jamilia and Amadu gently explained that the medicine wasn’t for illness, but for protection. It was part of a seasonal malaria chemoprevention campaign designed to protect children during the…
TLDR African mobility fintech startup Moove is close to finalizing a $1.2 billion debt financing round to support its rollout of autonomous vehicles in the United States The round is reportedly oversubscribed, with strong interest from private credit funds and banks. Final terms are expected to be concluded in the coming weeks Moove initially offered…
Geneva — Suriname has officially been certified malaria-free by the World Health Organization (WHO), becoming the first country in the Amazon region to eliminate the disease. This certification marks the successful interruption of indigenous malaria transmission for at least three consecutive years – a major step forward in the global fight against one of humanity’s…
This morning, the Chairperson of the AU Commission, H.E. Mahmoud Ali Youssouf convened & presided over a session of the AU Peace Fund Executive Management Committee. He received a comprehensive briefing from H.E. @dagmawit_moges, Director-General of the @AUPeaceFund, & H.E. @Bankole_Adeoye, Commissioner of @AUC_PAPS, on the strategic and progressive utilisation of the Fund. The Chairperson…
TLDR Mediterrania Capital Partners (MCP) has announced the final close of its fourth investment vehicle, raising €600 million ($686 million) The Malta-based private equity firm will use the capital to support mid-cap and SME businesses across North and West Africa The fund targets sectors with strong growth potential, including healthcare, financial services, FMCG, logistics, education,…
