OTHER NEWS

Budget

Venture capital funding has faced challenges and setbacks this year, contributing to a less-than-ideal environment for investment.

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Polygon Labs has initiated an $85 million grant initiative designed to attract developers to its ecosystem.

Novava

Novastar Ventures, a venture capital firm operating across Africa, secures $80 million in capital from Japan’s SBI Holdings.

Jobjack

Recruitment startup JOBJACK secures $2.5 million in funding to address the issue of unemployment.

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Financial constraints; African startups secured $156.2 million in funding during the month of October.

Joko Widodo

Indonesia’s president pushes US over delayed $20bn funding for green transition

Flag Of The European Union Waving In The Wind On Flagpole Against The Sky With Clouds, Banner

The EU raises its humanitarian assistance for Gaza by an additional €25 million.

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Emerging Africa Infrastructure Fund Allocates XOF $48m to Launch Asset-Backed Security in West Africa

Mnt Halan Talabeyah

Egypt’s MNT-Halan has secured a securitization of $130 million, bringing its total funding for 2023 to more than $400 million.

Interswitch

Interswitch has incurred losses of $38m due to chargeback fraud

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