Engineers Without Borders Canada launches a $24m fund and targets Francophone Africa
The new vehicle, Hummingbird Impact, will support start-ups run by women or with a high level of ethnic diversity.
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▪ Engineers Without Borders Canada launches a $24m fund and targets Francophone Africa
▪ The new vehicle, Hummingbird Impact, will support start-ups run by women or with a high level of ethnic diversity.
▪ https://www.africabusinessplus.com/en/803641/engineers-without-borders-canada-lance-un-fonds-a-24-millions-et-vise-lafrique-francophone/
According to information obtained for this report, Hummingbird Impact aims to raise the $24m quickly and will decide by the end of the year on its anchor investor. Muthoni Wachira, founder and director of the fund, also told Jeune Afrique Business+ that while the vehicle will combine institutional investors and private capital, the focus is on the latter. In particular, Hummingbird wants to attract investors from French-speaking West Africa to gain a firm foothold on these markets.
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