NSIA, Japan agency sign $50m impact innovation fund to empower startups

The Nigeria Sovereign Investment Authority (NSIA) and a Japanese agency have signed a $50 million impact innovation fund aimed at empowering startups.

The signing of the $50 million impact innovation fund between NSIA and the Japanese agency marks a collaboration to support startup growth. This initiative focuses on fostering innovation through financial backing for emerging businesses. Details from the announcement highlight the fund's role in empowering startups in various sectors. The partnership underscores international cooperation in economic development efforts.

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Japanese Prime Minister Sanae Takaichi delivering a speech on boosting the economy through investments in strategic fields like AI and shipbuilding.
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Takaichi vows robust economy through investments in 17 strategic areas

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Japanese Prime Minister Sanae Takaichi pledged on November 4 to boost investments in 17 strategic fields, including artificial intelligence and shipbuilding, to revitalize the economy. Her administration aims to finalize a growth plan by next summer. The strategy seeks to increase tax revenues without raising taxes through public spending.

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Kenya's Cabinet has approved a Ksh5 trillion National Infrastructure Fund to accelerate economic growth. Alongside a new Sovereign Wealth Fund, it will employ creative financing like public asset sales and national savings to support priority projects. The decision follows President Ruto's pledge to realize the fund soon.

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