A regional multilateral development bank established to contribute to the economic development and social progress of African countries.
Ventures Platform closes $64 million, elevating Nigerian government as investor
Ventures Platform raised $64 million in the first close of its $75 million fund. The Nigerian government is backing the fund through the iDICE program.
Ventures Platform closes $64 million fund with Nigeria’s government as an investor
The Nigerian government is directly investing in startups for the first time through Ventures Platform. Ventures Platform has announced a $64 million first close for its second fund, VP Pan-African Fund II.
The World Bank says Africa must solve its job crisis to stop Gen Z protests on the continent
The World Bank and African Development Bank warn that Africa must create millions of jobs annually to avoid unrest. Gen Z-led protests are spreading across Africa, including Madagascar, Morocco, and Kenya, reflecting youth frustrations.
Acumen’s new $90 million Kawisafi fund to back African climate-tech startups
Acumen's KawiSafi fund has secured $90 million in approved capital for climate solutions in Africa. The fund will support companies providing clean power, sustainable transport, and affordable cooking alternatives.
Uncovered Fund, Monex Ventures partner for $20 million African VC fund
Uncovered Fund and Monex have launched the UMAIP to invest $20 million in African and Middle Eastern startups. The fund will initially invest between $100,000 and $500,000 in 30 companies, reserving half for follow-on rounds.
