Africa-focused early-stage investor Chui Ventures has closed its first fund at $17.3 million and announced plans for a second vehicle targeting $60 million. The firm backs seed-stage startups across the continent with a gender-inclusive investment strategy. Fund I attracted capital from the Mastercard Foundation Africa Growth Fund, the Michael & Susan Dell Foundation, and other…
Gaborone, Botswana — Eight Southern African countries – Botswana, Lesotho, Madagascar, Malawi, Mozambique, Namibia, South Africa, and Zimbabwe are joining forces to Prevent, detect and respond to disease outbreaks before they spread to communities. The three-year, USD 35.8 million initiative, Strengthening One Health Disease Surveillance and Response in Southern Africa, coordinated by the World Health…
The United Nations Peacebuilding Fund on Wednesday announced a major milestone, with the approval of more than $1 billion in support to global peacebuilding and conflict-prevention initiatives since 2020. The multi-donor trust fund is the UN’s primary instrument for supporting countries worldwide who are emerging from – or at risk of – violent conflict. The…
Land is a vital productive asset, and access to it is an economic right. Yet governance across Africa remains weak, with many countries lacking clear rules that define ownership and tenure. As a result, land disputes have fueled significant inequalities, particularly affecting women. Only a few countries, such as Rwanda, have made notable progress in…
Addis Ababa — The G20 needs to take concrete steps to strengthen the Compact with Africa Multi-Donor Trust Fund, expand financial guarantees, advance timely debt relief, and champion African continental integration, Prime Minister Abiy Ahmed said at the G20 meeting in South Africa. “When African nations commit to reform, and the G20, along with other…
In 2001, when the late Kofi Annan, former Secretary-General of the United Nations was championed the creation of the Global Fund, he is famously quoted as saying “When I first mooted the idea of the Global Fund, people said I was dreaming… I love dreams. It always starts with a dream.” I wonder how he…
Tlokweng — Can Africa rescue its own biodiversity before the losses become irreversible? This is a question that once hovered at the edges of policy conversations, raised by scientists and conservationists but rarely confronted by political leaders with any real urgency. But at the recent Africa Biodiversity Summit in Tlokweng, Botswana, the question once again…
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…
