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Dubai Chamber delegation participates in Ethiopian summit


Dubai Chamber delegation participates in Ethiopian summit
DUBAI, 7 hours, 20 minutes
ago
A Dubai Chamber of Commerce and Industry delegation participated in the Ethiopian Transport Investment Summit, which recently took place in Addis Ababa, and explored prospects for expanding cooperation between the UAE and Ethiopia in the logistics and transport sectors.
 
The Summit, organised by Ethiopia’s Ministry of Transport, aimed to promote the sector’s untapped investment opportunities and create a networking platform for potential foreign and local investors.
 
At the summit, Dagmawit Moges, Minister of Transport of Federal Democratic Republic of Ethiopia, expressed her government’s readiness to collaborate with the private sector to achieve the transport and logistics sector’s ten-year perspective plan and hence ....

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Savannah Fund II targets $25m


Savannah Fund, Africa’s technology venture capital firm, has launched Savannah Fund II, a $25m fund that will invest in early-stage startups across sub-Saharan Africa with a focus on supporting women entrepreneurs and disruptive companies in high-growth sectors. 
“Savannah Fund II will continue its long-term mission to partner with ambitious founders, building startups that will scale across Africa”, said Mbwana Alliy, Founder and Managing Partner.
The International Finance Corporation (IFC), a member of the World Bank Group, has contributed $3m to the first close of the Fund II with participation from the Women Entrepreneurs  Finance Initiative (WeFi), which invested $500,000.
“Early-stage funding is vital to enable more of Africa’s emerging and growing tech founders to grow their business and fuel the transformation of Africa’s Internet economy. By partnering with Savannah Fund, we can help more entrepreneurs to access funding,” said Kevin Njiraini, I ....

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