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54 Collective's Parent Sees Last-Ditch Effort To Save Itself Snuffed Out
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54 Collective's Parent Sees Last-Ditch Effort To Save Itself Snuffed Out
A last-ditch bid to rescue the embattled Africa Founders Ventures (AFV), the non-profit parent of Mastercard Foundation-backed startup network 54 Collective, which controversially shut down last year, has been halted in its tracks. This ends an 18-month legal battle that exposed the fragility of philanthropy-backed tech machinery. The High Court in Johannesburg ruled on May 12 that the provisional liquidation order granted in July 2025 is not ap…
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