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The new funding, mPharma co-founder and CEO Gregory Rockson told TechCrunch, will be used to build the startup’s data infrastructure, triple its talent pool over the next three years and support expansion plans in its current and new markets.
Also, boards or watchdog agencies govern nonprofits to ensure donations are well-spent. Funds are generally categorized as “restricted” or “unrestricted,” which determines how and where they’re allocated. It also simplifies messaging: donors can fund either operations or projects, period.
Also, we work together with government subsidy programs since they’re also interested in protecting their farmers.” Its clientele includes the likes of the World Food Programme and Central Bank of Nigeria as well as the Zambian and Kenyan governments. “With our latest funding, now is the time to break into new ground.
We competed against other participating organizations, racing against the clock to raise funds and secure matching funding from the Skoll Foundation. The Challenge ran for six weeks through December 5th. We did very well, and with the Skoll Foundation’s matching support, each gift to our campaign more than doubled its impact.
funded Financial Sector Deepening (FSD) Africa. The organization is working with eight insurance regulators including those of Ghana, Malawi, Nigeria, Rwanda and Tanzania to build an environment that bolsters insurtech innovation across the continent. “It
Australian drone logistics company Swoop Aero is celebrating new milestones and funding as it plans its expansion to more markets. “If you’re the minister of a country, whether it’s Austrialia or Malawi, you say ‘we want to be able to do 300 high-priority deliveries a month.’ where regulations are tight.
mPharma disclosed to TechCrunch that it has acquired a 55 percent stake previously held by the Abraaj Group, a private equity firm that collapsed after investors, including the Bill and Melinda Gates Foundation, sounded an alarm over the administration of its $1 billion healthcare fund. s development finance institution, last year.
Founded in 2013 by Rockson , Daniel Shoukimas and James Finucane , mPharma is one of the well-funded startups across Africa raising over $50 million since inception, this includes a Series C round of $17 million, led by UK’s development arm CDC Group, it received last year. We currently have five centers open.
The commitment is contained under the 24/7 Carbon-free Energy Compact , by leading energy buyers, suppliers, equipment manufacturers and governments, representing a global effort to accelerate the uptake of carbon-free electricity as a way of averting the perilous effects of climate change.
Cyclone Idai struck Malawi, Mozambique and Zimbabwe, causing widespread flood destruction. Although data from institutional philanthropy is still incomplete, there is enough information to indicate a considerable decline from $76 billion in collective funding in 2018. . Wildfires plagued the Amazon, California and Australia.
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