US EditionSwedfund Invests $10 Million in Novastar’s Africa People + Planet Fund III - Innovation Village | Technology, Product Reviews, Business
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Sweden will contribute SEK 8.2 billion to the International Development Association (IDA), the World Bank's fund for the poorest countries.
The moderate-led government has decided to pay out SEK 8.2 billion to the International Development Fund (IDA), the World Bank's initiative to support low-income countries in the Third World. The decision, which was made by the government after a commitment in December last year, means that the money will be paid out gradually between 2026 and 2034. According to the government, IDA's financing model means that each SEK 1 in aid can generate betw…
Swedfund invests $10 million in Novastar’s Africa People + Planet Fund III - Innovation Village | Technology, Product Reviews, Business
Swedfund, Sweden’s development finance institution, has announced a $10 million commitment to Africa People + Planet Fund III (NVIII), a venture capital fund managed by Novastar Ventures. The fund targets early-stage, high-impact businesses across Africa that are tackling climate change while improving livelihoods for underserved populations. This investment is part of Swedfund’s broader mission to reduce poverty through sustainable, inclusive i…
This is reported by the press service of the Swedish government.Minister for International Aid and Foreign Trade Benjamin Dusa stressed that the government has decided to reallocate resources for 2025 within both regional and thematic assistance programs. According to him, this initiative is designed to respond to the difficult humanitarian situation in the world, in particular in Ukraine. We are releasing CZK 1.67 billion in support of Ukraine …
The Swedish government will allocate about 1.7 billion Swedish crowns for humanitarian support to Ukraine. One of the reasons for the decision is the reduction of financial support from the United States. This was reported by RBC-Ukraine with reference to the Swedish government website. It is noted that the government decided to redistribute funds for 2025 both within the geographical and thematic aid. The decision is related to the large number…
The Swedish government will review the structure of economic assistance provided to other countries, allowing an additional 1.67 billion Swedish kronor (about 150 million euros) to help Ukraine and other humanitarian activities.
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