IFC launches $225M platform to back early-stage startups in Africa, Central Asia, Middle East
submitted almost 4 years ago by Baraka
submitted almost 4 years ago by Baraka
- The International Finance Corporation (IFC) has launched a $225 million venture capital platform to support early-stage startups in Africa, the Middle East, Central Asia, and Pakistan by making equity investments in tech companies.
- The IFC aims to help these startups grow into scalable ventures that can attract more financing, while also advocating for regulatory reforms and sector analyses to boost the venture capital ecosystems in these regions.
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