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Pearl Capital closes round for Uganda agriculture fund

The new Yield Uganda Investment Fund attracted €12 million ($12.9 million) to boost small- and medium-sized agricultural suppliers, producers, processors and transporters. Pearl Capital Partners, which also manages the $25 million African Agricultural Capital Fund launched in 2012 by JP Morgan and the Gates and Rockefeller foundations, hopes to double the new fund to €25

Pakistani emigrants back entrepreneurs back home

Pakistani emigrants back entrepreneurs back home As one of the “best hidden” frontier markets, Pakistan’s homegrown startups are starved for capital. Sarmayacar, based in London, is tapping Pakistani expatriates in Singapore, New York and other finance capitals as well. The investor network’s seed fund syndicate has raised more than $3 million and made its first deal, a

Q&A with Derek Handley: From B Team to Aera VC

Derek Handley has a ticket to go to space with Virgin Galactic. But first the veteran of Richard Branson’s B Team has big ambitions here on earth. His new firm, Aera VC, has made six impact investments using its “social term sheet” and is building an “activist community” of family offices. “These companies will do great:

Chan Zuckerberg Initiative makes an acquisition to free scientific research

The Chan Zuckerberg Initiative’s status as an LLC, rather than a traditional foundation, enables it do things like acquire Meta, a private company, and make its entire trove of medical research free to scientists and students. The (perhaps eventually) $45 billion initiative of the Facebook founder and his wife is building a big ecosystem of

CapitalG hits an impact trifecta: Women entrepreneurs boosting math education in India

The venture capital arm of Alphabet (formerly Google) liked Cuemath’s micro-franchise model that helps women jumpstart or reboot careers with afterschool math classes in their homes. The Bangalore-based education startup raised $15 million in Series B financing to expand to 5,000 tutors and 40,000 students. Less than $250,000 in early-stage funding from Unitus Seed Fund

Amazon signs up to train vets for careers in tech

Donald Trump starred in “The Apprentice,” but former President Obama signed into law the first-ever annual funding for apprenticeship programs — $90 million — with bipartisan support. ApprenticeshipUSA has signed up more than 200 companies and organizations to provide on the job training to American workers. The latest company to sign up: Amazon. The online retail giant will work through

What can Washington DC learn from Paraguay about lifting low-income families from poverty?

Poverty Stoplight, developed by Martin Burt at Fundación Paraguaya, has helped lift families out of poverty in 20 Latin American, African and Asian countries. Now it’s coming to Ward 8, one of DC’s poorest districts, in the leadup to the Neighborhood Economics conference in Washington May 23 and 24. DC community organizations will combine Poverty Stoplight’s