Monday, November 28, 2022

IFC Starts VC Platform to Fund Tech Startups in Africa, Pakistan - Bloomberg

Last updated Tuesday, November 15, 2022 17:05 ET , Source: TopWireNews

The World Bank Group’s private-sector arm said it will invest $225 million in a venture-capital program to fund technology startups in Africa and the Middle East.
The International Finance Corp. will also invest in companies in Pakistan and Central Asia, it said in a statement. It will make “equity or equity-like investments,” according to the statement.

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