Wars regularly make headlines. Preventing them rarely does. Yet for the past 20 years, the UN Peacebuilding Fund (PBF) has quietly been helping countries to avoid violence, recover from conflict and build more peaceful futures for their citizens. Today, it’s the UN’s main vehicle for investing in peace before crises spiral out of control. As…
Holocene closed its first venture fund, marking the final close of what it describes as Southern Africa’s first dedicated high-growth climate tech fund. Holocene Ventures Fund I backs early-stage founders building climate-focused companies across the region. The firm targets startups that need capital and operational support to reach scale in areas such as circular economy,…
Cascador deployed more than $5 million into 7 African startups at its second annual pitch day, as the growth-stage founder platform expands funding for companies with social impact. The Africa-focused platform launched its Catalytic Fund last year as a $2 million annual initiative to support alumni companies. Since its founding in 2019, Cascador has supported…
A Treasury fund could allow the Trump administration to pay Jan. 6 rioters. A Florida surgeon’s previous errors come to light after he accidentally removed a patient’s liver. And a new report is expected to show job growth in May. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content….
The indicative commitment follows the strong performance of RSSB-anchored Virunga Africa Fund I The International Finance Corporation (IFC), the private sector arm of the World Bank Group, is considering a major investment in Virunga Africa Fund II, a new $500 million growth equity fund managed by Kigali-headquartered Admaius Capital Partners. According to project information disclosed…
The Blackstone headquarters in New York, US, on Wednesday, July 17, 2024. Bloomberg | Bloomberg | Getty Images Blackstone said Tuesday it had raised $13.1 billion for its latest Asia private equity fund, marking its largest PE fundraise in the region. The alternative asset manager said that Blackstone Capital Partners Asia III exceeded its $10…
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…
The fund leverages Endeavor’s global network to provide portfolio companies with mentorship, talent, strategic guidance and market access. Endeavor South Africa has closed its Harvest Fund III at R230 million, aiming to accelerate growth, job creation and exits in the country’s high-growth technology sector. According to a statement, the fund brings together entrepreneurs and institutional…
Conceptual Diagram of the project. Under this Space Strategy Fund initiative, spectrometers will be newly developed and demonstrated in orbit. In the future, the project envisions the establishment of a satellite constellation capable of observations at different times of the day. Axelspace Corporation, Meisei Electric Co., Ltd., ANA HOLDINGS INC., and JIJ Inc. are pleased…
Tangier, Morocco — Relying on foreign aid is bad for Africa’s health and it must stop if the continent is to enjoy health security. This was the collective view of government and corporate leaders meeting at the 58th session of the Conference of African Ministers of Finance, Planning and Economic Development in Tangier hosted by…
