Nigeria and Japan have unveiled a venture capital initiative aimed at fostering high-growth startups through Naira-denominated investments.
The initiative, which shields startups from currency risks and offers access to long-term concessional financing, represents a strategic collaboration between the two nations.
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, hosted officials from the Nigeria Sovereign Investment Authority (NSIA) and the Japan International Cooperation Agency (JICA) in Abuja to finalize the framework for the initiative.
Read more at Nairametrics
The initiative, which shields startups from currency risks and offers access to long-term concessional financing, represents a strategic collaboration between the two nations.
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, hosted officials from the Nigeria Sovereign Investment Authority (NSIA) and the Japan International Cooperation Agency (JICA) in Abuja to finalize the framework for the initiative.
Read more at Nairametrics