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Islamic Bank, Africa Development Bank, Others Invest $618 Million in Nigeria’s I-DICE
“Today, Nigeria has five of the seven unicorns in Africa and raised almost $1.4 billion of the total of $4 billion raised by fintech companies across Africa in 2021.”
- Categories
- Finance, Investing, Technology
- Region
- Sub-Saharan Africa
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Social Enterprises Can Grow Their Revenue and Impact by Partnering with Corporations – Here’s How to Support Them
Against the backdrop of cascading global crises, a growing number of corporations are looking to social enterprises to advance their environmental, social and governance goals. To capitalize on this opportunity to scale social enterprises' revenue and impact, Alexandra Nemeth at MovingWorlds argues that support organizations like impact investors and accelerators should prioritize corporate readiness. She explores five key trends that are driving the momentum behind corporate partnerships with social enterprises, and five ways to build these enterprises' capacity for successful partnerships.
- Categories
- Investing, Social Enterprise
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Cashing In on Sustainability: A Blended Finance Program Aims to Fight Climate Change by Catalyzing SME Investment in the Peruvian Amazon
Peru has lost an average of 100,000 hectares of rainforest per year since 2006, as illicit, extractive businesses are pushing the Amazon ecosystem closer to total collapse. But as Luis Garate at USAID CATALYZE Peru and Rocio Perez Torres at Palladium point out, without access to financing, the sustainable small and medium-sized enterprises (SMEs) that could take the place of illegal, extractive businesses are often left out of market growth. They discuss how CATALYZE is partnering with private sector financial service providers and investors to mobilize capital for sustainable SMEs in this vital region.
- Categories
- Environment, Investing
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Press Release: African Women Impact Fund Launches With USD$60 Million Commitment to Drive an Inclusive Investment Environment
Announcing the African Women Impact Fund (AWIF) Initiative’s achievement of its first commitment of USD$60 million.
- Categories
- Investing
- Region
- Sub-Saharan Africa
- Tags
- SDGs, women entrepreneurs
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Amazon Will Donate $10 Million to Help a Million People Get Access to Safe Water
Amazon is helping to launch one of the largest private investment portfolios in water and climate, bringing lasting water access for 100 million people.
- Region
- Asia Pacific
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Prism+ Obtains $45 Million in VC Funding, Eyes Philippines as Its Next Market
Consumer electronics firm Prism+ has announced plans to enter the Philippine market after obtaining $45 million in institutional funding from VC firm TNB Aura.
- Categories
- Investing
- Region
- South Asia
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World Bank’s IFC to Invest $160 Million in Safaricom Ethiopia
The World Bank is investing US$160 million into the Safaricom project to build a new network in Ethiopia.
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
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Husk Power Systems Secures $6 Million from EU-funded EDFI ElectriFI
Bihar-based Husk Power Systems will use $6 million of newly acquired funds to build solar hybrid microgrids in 80 communities in rural India.
- Region
- Asia Pacific