Funding News

IFC Pledges $25 Million to Acumen’s Hardest-to-Reach Fund

The International Finance Corporation (IFC) has pledged up to $25 million to Acumen’s Hardest-to-Reach (H2R) Fund. The $200 million fund aims to deliver clean, affordable energy to underserved regions in Sub-Saharan Africa. It also supports global climate goals. The H2R Fund is divided into three equity tranches: senior, mezzanine, and junior, each worth $60 million. […]

Funding News

Standard Chartered Backs Seven Women-Led Startups with Ksh 8.75 Million

In a bold step toward a more sustainable future, Standard Chartered Bank has invested Ksh 8.75 million in seven women-led startups that are shaking up the sustainability sector. This funding milestone is the latest chapter in the Women in Tech Incubation Program, a collaboration between Standard Chartered Kenya and @iBizAfrica at Strathmore University, designed to […]