AVPA unveils Sh1.6bn fund to boost mental health investment
NAIROBI, Kenya, Nov 4 - The Africa Venture Philanthropy Alliance (AVPA) has launched Africa’s first Catalytic Pooled Fund aimed at driving investment in Kenya breaking news | Kenya news today |..
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The Africa Venture Philanthropy Alliance (AVPA) has launched Africa’s first Catalytic Pooled Fund, valued at Sh1.6 billion, to boost investment in mental health across the continent. This initiative aims to unlock private capital for a critical yet underfunded area during AVPA’s 2025 Annual Conference in Nairobi.
- The fund, worth Sh1.6 billion, will support high-impact mental health programs.
- Developed in partnership with the Coalition for Mental Health Investment (CMHI), including the Clinton Global Initiative and Wellcome Trust, led by AVPA Chief Executive Officer Dr. Frank Aswani.
- AVPA also signed a strategic partnership with the International Development Innovation Alliance (IDIA) to mobilize new funding sources and promote blended finance models.
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KCB Acquires Pesapal Stake; OpenAI Signs $38bn Deal; AVPA Launches Sh1.6bn Fund - November 2025
KCB Group PLC has signed an agreement to acquire a minority stake in payment service provider Pesapal Limited, an initiative aimed at boosting SMEs and digital growth across Africa. In another major deal, OpenAI, the company behind ChatGPT, has signed a significant $38 billion cloud computing deal with Amazon to diversify its computing power sources and reduce its reliance on Microsoft. Additionally, the Africa Venture Philanthropy Alliance (AVPA) has launched Africa’s first Catalytic Pooled Fund, valued at Sh1.6 billion, to boost investment in mental health. This fund was unveiled during AVPA’s 2025 Annual Conference in Nairobi and aims to unlock private capital for the underfunded sector.
