KENYA – The Lord Mayor of the City of London Peter Estlin, announced US$11.1m of UK Aid support towards the Catalyst Fund during a visit to Nairobi. His visit comes ahead of the first UK-Africa Investment Summit next year, which will bring together businesses, governments and international institutions to encourage investment in a range of sectors, including fintech. The Catalyst Fund supports business development and investor opportunities for early stage fintech companies in emerging markets. With support from the UK Department for International Development, the Catalyst Fund will help connect…
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The ABAN and AfriLabs partner to launch African matching fund Catalyst
AFRICA – The African Business Angels Network (ABAN) and AfriLabs, a network for technology hubs and innovation centres, have launched Catalyst, a co-investment fund that will offer matching funding to investments made by qualifying angel investors in African growth-stage companies. The partnership between AfriLabs, a pan-African network of technology and innovation centres, and ABAN aims to increase the pool of capital available to promising African growth-stage entrepreneurs, support the startup ecosystem, and increase the visibility of impact to institutional funders. Catalyst will operate a co-investment fund that will match investments…
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