Commonwealth News
ISRO signs MoU with MRIC to construct Mauritius’s EO satellite
The Indian Space Research Organisation (ISRO) has entered into a Memorandum of Understanding (MoU) with the Mauritius Research and Innovation Council (MRIC) to collaboratively design, assemble, integrate, test, launch, and operate an Earth Observation satellite for...
Pakistan’s first local currency venture capital fund launched
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 fund...
Canada – African Development Bank Climate Fund approves $36.3 million in support to climate adaptation on the continent
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...
Absa and AfDB agree US$150mn trade finance facility
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...
AfDB approves sh5b for Uganda-Kenya Expressway project
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 Development...
Rise of Nium to become a rare Singaporean Fintech unicorn
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...