News & Events
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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 Mauritius. The 15-month partnership, detailed in the MoU, outlines specific procedures and the roles and responsibilities of each party. Under the agreement, ISRO and MRIC will conduct joint in-orbit operations using MRIC’s ground station upon project completion.
Read the original article here: https://africanews.space/isro-signs-mou-with-mric-to-construct-mauritiuss-eo-satellite/
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 has already invested in enterprises serving developed markets and startups in key sectors such as health, agriculture, and education.
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 $18.3 million allocated for the enhancement of Port Autonome de Cotonou in Benin and another $18 million to aid the construction of three seawater desalination plants as part of the Green Investment Program of the OCP Group, provided as concessional loans to the private sector companies involved.
Read the original article here: https://afdb.africa-newsroom.com/press/canada–african-development-bank-climate-fund-approves-363-million-in-support-to-climate-adaptation-on-the-continent?lang=en
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