Nov 8, 2023 | Commonwealth News
Pakistan is launching its inaugural local currency venture capital fund to bolster the nation’s tech sector and support startups. Lahore-based Sai Venture Capital Private is leading this effort, intending to secure $10 million primarily from local investors. The...
Nov 8, 2023 | Commonwealth News
The Canada-African Development Bank Climate Fund (CACF), dedicated to backing gender-affirmative climate change initiatives in Africa, has sanctioned $36.3 million for two private sector ventures fostering climate adaptation in the continent. This funding includes...
Nov 3, 2023 | Commonwealth News
The African Development Bank (AfDB) has approved a trade finance facility of US$150 million to support Absa Group, a South African lender, in expanding its social and sustainable financing efforts. Additionally, the AfDB has agreed to provide about US$90 million in...
Nov 3, 2023 | Commonwealth News
The African Development Bank (AfDB) has granted $1.4 million (sh5.2b) to the East African Community (EAC) for the feasibility study of the Kisumu-Kisian-Busitema-Busia Expressway Project. This funding, provided through AfDB’s New Partnership for Africa’s...
Nov 2, 2023 | Commonwealth News
Singapore-based fintech firm Nium has achieved unicorn status with a valuation surpassing US$1 billion. Alongside insurtech company bolttech, Coda Payments, and digital assets financial services platform Matrixport, Nium is among the few Singaporean fintech companies...
