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You say my donation will support this program, but how can I trust you?” But beyond reporting standards, transparency is critical to building long-term, loyal support among your donors. Funds are generally categorized as “restricted” or “unrestricted,” which determines how and where they’re allocated.
FinDev Canada has injected $13 million into Energy Entrepreneurs Growth Fund ( EEGF ), which invests in early and growth-stage energy startups in sub-Saharan Africa. Part of the funding will go toward increasing access to clean energy for off-grid households and businesses in the region. million mezzanine investment from the fund.
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. It is also rolling out an e-commerce platform for pharmaceuticals.
We competed against other participating organizations, racing against the clock to raise funds and secure matching funding from the Skoll Foundation. We did very well, and with the Skoll Foundation’s matching support, each gift to our campaign more than doubled its impact. It’s not too late to pledge your support for our work.
But the market might soon change as innovative products that run on micropayment or pay-per-use frameworks emerge under the support of institutions like the U.K.-funded funded Financial Sector Deepening (FSD) Africa. And we’re excited to support the development of similar programs like this across the region,” Massingham said.
One of the largest solar companies in Africa and Asia, Sun King , has raised $260 million in series D funding to deliver off-grid energy technologies to more people across the two continents. Part of the funding will be used to expand the business’ presence. Sun King has previously raised $170 million in equity and debt funding.
The raise comes after Pula closed $1 million in seed investment from Rocher Participations with support from Accion Venture Lab, Omidyar Network and several angel investors in 2018. . “With our latest funding, now is the time to break into new ground. Co-CEOs with agricultural backgrounds. million farmers.
The latest funding adds to the $1.8 million seed funding the insurtech raised last year. Abass added that Lami is using the funding to hire, fast-track its expansion plans and drive underwriter partnerships. Kenyan insurtech startup Lami enters Malawi, DRC after acquiring Bluewave, eyes rest of Africa.
San Francisco-based venture capital firm Runa Capital, Ace & Company, Todd & Rahul Angel Fund and Vibe VC participated. It currently has a lean team of 10 located in Nigeria, Malawi, South Africa, Zambia, and Europe. The Zambian company will also use the funds to expand its regional customer base. .
The Humane Society of the United States raised $20,000 in 6 days , all through their cause, to fund a team of journalists documenting the seal slaughter in Canada. And Camfed raised $4,500 to build a roof on a school in Malawi , then turned around and funded another $3,386 project to give shoes to schoolgirls in Zimbabwe. .
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.
The firm is now exploring growth opportunities in the western, southern and eastern regions of Africa, while prioritizing the countries that have a “supportive regulatory environment” like its current markets. In terms of policy frameworks and regulation, the states where Husk works in India (Uttar Pradesh and Bihar) have supportive policies.
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.
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2020 has delivered so many unknowns in terms of how nonprofits operate, convene supporters, and plan for the future. Eric Dayton, Director of Data at buildOn , faced many unknowns when he came home from Malawi on March 3rd, a week before the COVID shutdown. Nonprofit Cloud Product Marketing Director, Salesforce. Kristin Adderson.
In our eighth annual research report, Measuring the State of Disaster Philanthropy 2021: Data to Drive Decisions , developed in partnership with Candid , we dive into how philanthropy and other donors supported natural hazards, severe weather events and complex humanitarian emergencies in 2019. . Some of our key findings include: .
Starting this week, you can vote for the best NetSquared Innovation Fund Award nominated projects until Saturday, April 14th at Noon PDT. CompuMentor has created a Technology Innovation Fund to provide direct cash support to projects selected by the NetSquared Community. Community-Owned Telecenter Project in Malawi.
2020 has delivered so many unknowns in terms of how nonprofits operate, convene supporters, and plan for the future. Eric Dayton, Director of Data at buildOn , faced many unknowns when he came home from Malawi on March 3rd, a week before the COVID shutdown. Nonprofit Cloud Product Marketing Director, Salesforce. Kristin Adderson.
Two 14-year-old girls, one in the US and one in Malawi, had their lives changed when they joined forces to fight the AIDs epidemic in Africa. Through the creation hope-giving projects that serve the most vulnerable in Malawi, the organization connects U.S.-based The two girls met at Hope Village Orphan Care Center in Malawi.
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