The new fund will focus on investing in 20-25 tech startups in Africa, India, Southeast Asia, Latin America, and the Middle East. The Global South Fund II aims to generate positive social and environmental impact in sectors such as healthcare, education, financial inclusion, and agriculture.
The fund’s investors include a mix of development finance institutions, family offices, and institutional investors from around the world.
Key among the investors in the fund includes Gates Ventures, the investment vehicle of tech mogul, Bill Gates. Other institutional investors include Crystal Springs Foundation, Inc., OIP Investment Trust, Sall Family Foundation, and Brakeman Family Trust, as well as two founders of Pioneer Square Labs. The Global South Fund II builds on the success of Capria’s first fund.
Kenya has opened a center of excellence for biodiversity and climate in Nairobi.
In a first for the African continent, Nigerian game developer Maliyo Games has partnered with Disney Games to launch a mobile game based on the new Disney+ animated series “Iwájú.”
Microsoft has announced a new initiative to train one million South Africans in artificial intelligence (AI) and cybersecurity by 2026.
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