Health tech startup launches Trust for investing 5% of future proceeds

AFRICA – 54gene, a health tech startup, is creating a Trust which it will use to invest up to 5% of future proceeds from the company’s commercial drug discovery program. The creation of the trust is part of its Commitment to Africa in establishing a more sustainable and thriving cyclical ecosystem across Africa’s scientific development space, as well as ensuring better quality healthcare delivery for the communities in which the company operates. 54gene is focused on creating a pipeline of novel drugs for global populations, based on insights drawn from…

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Harith General raises US$200m capital for its PAIDF 2 fund for investors

AFRICA – Harith General Partners, an investor in African Infrastructure, has announced a US$200 million capital raise in a follow-up fund to its Pan African Infrastructure Development Fund (PAIDF) 2, that is open to existing and new investors. The capital raised will be invested in existing PAIDF portfolio company expansion opportunities as well as in selected key new pipeline deals and strategic infrastructure investment opportunities. These opportunities are both pre-determined and existing. The PAIDF 2 Infrastructure Top Up Fund is a shorter-term vehicle (5-to-6 years) that is being established to…

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