Reuters - Geldof's Africa Fund Backs Commodity Exchange Startup
Bob Geldof's 8 Miles African private equity fund has made its first investment, backing a start-up company that plans to build commodity exchanges across Africa and improve food security, Reuters reported. The rock star activist's $200 million fund has joined Morgan Stanley and the International Finance Corporation, in providing a total of $5 million of seed capital in eleni LLC, co-founded by Eleni Gabre-Madhin, the former head of the Ethiopia Commodity Exchange.
10 May 2013•3 mins read
