A U.S. government agency that provides financing for private sector investment in developing countries.
Ilara Health downsizes operations due to lack of funding
Ilara Health has implemented a company-wide restructuring resulting in layoffs. The restructuring is attributed to current market conditions and financing dynamics.
Kenya’s Ilara Health cuts staff as funding crunch forces restructuring
Ilara Health is restructuring its operations and laying off employees in response to current market conditions. The company received a $1 million loan from the International Development Finance Corporation to improve its diagnostic platform nine months ago.
Trump’s USAID Shutdown Strikes Blow to African Startups, Halting Critical Funding
President Trump's executive order has halted USAID funding, affecting vulnerable populations and startups. USAID's Development Innovation Ventures invested over $100 million in Kenyan startups over the past decade.
Kenyan Roam Secures $24M to Advance African EV Production
Roam secures $24 million in funding to expand operations across Africa. Equator Africa leads a $14 million Series A equity round for Roam.
Kenyan EV startup Roam secures $24m to scale production
Roam raises $24 million in equity and debt to expand local manufacturing capabilities and scale up production. The funding round was led by Equator Africa and included participation from other investors.
