BLOC Smart Africa launches its fund with US$12m boost from Luxembourg and Cote d’Ivoire

COTE D’IVOIRE – BLOC Smart Africa, a Flagship program of the Smart Africa Alliance, a pan-African initiative to accelerate sustainable socioeconomic development, has announced its incorporation and sponsorship from the Governments of Luxembourg and Cote d’Ivoire. The Governments of Luxembourg and Côte d’Ivoire will invest a total of €10 million (US$12.13m) into the BLOC Smart Africa Fund. This announcement follows the Cote d’Ivoire’s previous intention to commit €5 million (US$6.06m), announced at the United Nations High-Level Political Forum in July 2020. BLOC Smart Africa is a blended finance technology impact…

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Palladium acquires minority stake in Bamboo Capital Partners

KENYA – Bamboo Capital Partners, the impact investing platform, and Palladium, the global impact advisory and management firm, have entered a long-term strategic partnership to deliver impact at scale, a joint press release from the two firms has stated. Under the terms of the strategic partnership, Palladium has taken a minority stake in Bamboo. Bamboo and Palladium have joined forces to achieve their shared objective of mobilising private sector investment at scale to significantly contribute toward the UN’s Sustainable Development Goals by 2030. The strategic partnership combines Bamboo’s knowledge of…

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