Mastercard Foundation has pulled out of a commitment to invest $100 million in a leading African venture capital firm at a time when tech startups on the continent are struggling to woo Western funders. 54 Collective, the most active investor in Africa in 2024, and Mastercard Foundation, an international nongovernmental organization, “will be pursuing different strategies moving forward, and the partnership will end on 30 April 2025,” the VC firm told Rest of World in an email. We are left with ...