Night view of Alibaba’s headquarters building located by the Huangpu River in Shanghai, China on Nov. 16, 2025. CFOTO | Future Publishing | Getty Images Alibaba shares plunged as much as 10% in Hong Kong on Monday after the Chinese tech giant priced an 80 billion Hong Kong dollar ($10.20 billion) placement of newly issued…
Ninety One has closed its third Africa Credit Opportunities Fund with $404 million, including leverage, as the investment manager expands private lending to companies and infrastructure projects across Africa and other emerging markets. Investors include development finance institutions, pension funds and family offices from Africa, Europe, the UK, the US and Canada. The fund, known…
Africa50 secured $50 million in commitments from two development finance institutions for a fund designed to prepare climate infrastructure projects for investment across Africa. Italy’s Cassa Depositi e Prestiti committed $40 million to the Alliance for Green Infrastructure in Africa Project Development Fund, while France’s Proparco committed $10 million. The AGIA-PD fund provides early-stage capital…
Vodacom Group CEO Shameel Joosub Vodacom has lowered the floor on its dividend payout policy, cutting it to at least 65% of headline earnings from at least 75% previously, in a change disclosed alongside first-quarter trading numbers and the completion of its long-awaited Safaricom transaction. The shift is significant for a counter widely held by…
Google Play today launched its first Indie Games Fund, committing $1 million to support rising, innovative game studios from across 32 countries in Africa to scale their games and reach a global audience. The fund provides equity-free capital, technical support, and expert mentorship empowering African game developers with the skills and resources they need to…
South African investment firm Stocks & Strauss closed its University Technology Fund II at ZAR400 million, or about $24 million, to back startups linked to local universities and alumni networks. The close brings total capital across the firm’s university-linked early-stage investment platform to more than ZAR700 million. The platform is designed to help commercialise innovation…
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….
