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Our Staff Writers and Editors offer insights on the latest news, events, interviews and other happenings from the development through enterprise and base of the pyramid universes
Monday, May 13, 2013 — Sub-Saharan Africa

Us Family Biz Icon Launches Africa Fund

Source: Campden FB

Dr John Coors, fourth-gen chief executive of ceramics company CoorsTek and a member of the Coors brewing dynasty, is behind the launch of an investment group targeting Africa that plans a new approach to investing in the continent.
Tuesday, May 07, 2013 — No Region Specified

Accion’s Venture Lab Closes Initial Investments in Financial Inclusion Start-Ups

Source: Press Release

Accion announced the first five investments by Venture Lab, its $10 million seed capital initiative, which invests in start-up companies that help expand global financial inclusion. A pioneer and leader in bringing financial services to the underserved, Accion launched Venture Lab in April, 2012.
Thursday, February 21, 2013 — Sub-Saharan Africa

Africa: Global Fund News Flash - Issue 14

Source: All Africa

The Global Fund plans to launch its new funding model in the coming days.
Friday, January 18, 2013 — No Region Specified

Social Impact Investing Will Be the New Venture Capital

Source: HBR Blog Network

During the past century, governments and charitable organizations have mounted massive efforts to address social problems such as poverty, lack of education, and disease. Governments around the world are straining to fund their commitments to solve these problems and are limited by old ways of doing things. Social entrepreneurs are stultified by traditional forms of financing. Donations and grants don't allow them to innovate and grow. They have virtually no access to capital markets and little flexibility to experiment at various stages of growth. The biggest obstacle to scale for the social sector is this lack of effective funding models.
Tuesday, January 15, 2013 — No Region Specified

IFC, GAFSP Invest $10 million in Root Capital to Support Small Farmers in Africa, Latin America

Source: Press Release

IFC, a member of the World Bank Group, and the private sector window of the Global Agriculture and Food Security Program (GAFSP) will invest $5 million each in Root Capital to help expand access to working capital and markets for 300,000 farmers over the next four years.
Monday, January 07, 2013 — South Asia

NIC to launch Rs 5,000 cr VC fund for innovation: Pitroda

Source: Business Standard

The fund will support enterprises which drive change at the bottom of the economic pyramid
Thursday, January 03, 2013 — South Asia

Unitus Seed Fund lands $8 Million for BoP Startups from Leading Early-stage Investors

Source: Press Release

Investment includes backing of Vinod Khosla, Mohandas Pai, Mike Murray and others
Thursday, December 20, 2012 — Sub-Saharan Africa

JP Morgan-linked firm triples cash in Africert deal

Source: Business Daily

A JP Morgan-linked private equity firm, Pearl Capital Partners (PCP), has exited its investment in a Kenyan agricultural firm in a deal that saw it triple its investment in six years.
Wednesday, December 19, 2012 — No Region Specified

USAID Mobilizes Record Amount of Private Capital to Support Small Businesses in Developing Countries

Source: USAID Press Release

WASHINGTON, D.C. – USAID’s Development Credit Authority (DCA) worked with 45 financial institutions in 23 countries in 2012 to unlock up to $525 million in private capital for underserved entrepreneurs in developing countries. The financing, made available through 34 partial credit guarantees, is the most USAID has mobilized in a single year.
Tuesday, December 11, 2012 — Sub-Saharan Africa

Kenya SMEs Get U.S.$60 Million

Source: All Africa

Nairobi — The World Bank has extended a $60 million loan towards boosting Kenya's fledgling Small and Medium-sized Enterprises (SMEs) sector.
Monday, December 10, 2012 — No Region Specified

Gates Foundation Announces $21 Million in Global Health Grants

Source: Philanthropy News Digest

The Bill & Melinda Gates Foundation has announced grants totaling more than $21 million to seven projects through its Grand Challenges in Global Health initiative.
Friday, December 07, 2012 — Sub-Saharan Africa

Global Impact Investing Network Receives GBP 10.5 Million Commitment from UK's Department for International Development

Source: Press Release

The Global Impact Investing Network (GIIN) announced today that the United Kingdom’s Department for International Development (DFID) will provide GBP 10.5 million to support the GIIN’s role in developing and growing the impact investing market in sub-Saharan Africa and Asia.
Wednesday, December 05, 2012 — Sub-Saharan Africa

AfDB, researchers launch $63 m initiative to lift Africans out of poverty

Source: Africa Science News

The African Development Bank (AfDB) and researchers have launched the US$63.24 million AfDB-funded initiative aimed to raise agricultural productivity and also lift millions of Africans out of poverty.
Tuesday, December 04, 2012 — Sub-Saharan Africa

Ecobank, IHS seal $202m deal for mobile network in Cameroun, Côte d’Ivoire

Source: The Guardian Nigeria

THE investment profile of the pan-African bank, Ecobank Group, may have risen with the signing of a syndicated loan facility with IHS Holding Limited, for the mobile tower investment and solar energy projects in Cameroun and Côte d’Ivoire.
Friday, November 30, 2012 — No Region Specified

MICROCAPITAL BRIEF: MasterCard Foundation, CGAP Announce $11.4m Partnership for Branchless Banking, Client Research

Source: Microcapital.org

The MasterCard Foundation, a Canada-based nongovernmental organization (NGO) supporting microfinance and education, and CGAP (Consultative Group to Assist the Poor), a US-based nonprofit policy and research center, recently announced a USD 11.4 million partnership to develop low-cost financial products to assist people living in poverty.
Friday, November 30, 2012 — No Region Specified

ADB loans Bangladesh $300 mn to improve market

Source: Daily News

Dhaka, Nov 29 — The Asian Development Bank (ADB) and Bangladesh Thursday signed an agreement for $300 million loan to help the country stabilise its financial market, making it safer and more attractive to invest.
Wednesday, November 28, 2012 — South Asia

Accion’s Frontier Investments Group and Saama Capital Invest $4 Million in Mortgage Company

Source: Sacramento Bee

Early-Stage Equity to Help Expand Shubham Housing's Mission to Serve Urban Poor
Friday, November 16, 2012 — Sub-Saharan Africa

Carlyle Group to Make Africa Investment

Source: Wall Street Journal

Private-Equity Firm Is Latest to Follow Rush Into Continent With Sub-Saharan Fund; 'We're Here for the Long Haul'
Wednesday, November 14, 2012 — No Region Specified

GADCO Announces Investment from AATIF Fund sponsored by KfW, Deutsche Bank and the German Government

Source: Acumen Fund Blog

Global Agri-Development Company (GADCO), the FMCG agri-food company operating in sub-Saharan Africa, is pleased to announce an investment from AATIF (Africa Agriculture and Trade Investment Fund), the public-private partnership funded by the German Government, KfW, and Deutsche Bank.
Monday, November 05, 2012 — No Region Specified

World Bank introduces new investment lending policy

Source: Devex

The World Bank is a step closer to overhauling its policies and procedures as part of efforts to transform the U.S.-based lender into a “solutions bank.”
Monday, October 29, 2012 — No Region Specified

Ron D. Cordes on a Mission to Activate New Change Agents

Source: Forbes

Ron D. Cordes is a man on a mission to change the landscape of impact investing. He is the co-chairman of Genworth Financial Wealth Management (NYSE:GNW), which is responsible for over $25 billion in assets under management. He is also on the board of Impact Assets, a non-for-profit financial service firm focused on impact investments.
Wednesday, October 24, 2012 — Latin America

Lessons from Rio: the talking points from SEWF2012

Source: The Guardian

In a converted 1871 grain storage facility near Rio de Janeiro's old waterfront docks, I joined my fellow NESsT staff from 11 different countries to transform an empty historical building to a sustainably designed venue in a matter of days.
Tuesday, October 16, 2012 — Sub-Saharan Africa

AfDB, Citi and IFC Enter New Agreement to Support Trade Finance in Africa

Source: Citi Press Release

London - October 4, 2012 – The African Development Bank (AfDB) Group, Citi and International Finance Corporation (IFC), a member of the World Bank Group, have agreed to provide a $175 million thre-year revolving credit facility covering short-term trades for exporters and importers in Africa. This agreement builds on the success of a previous similar program launched in 2010 to help boost economic growth in the region.
Wednesday, October 10, 2012 — Asia Pacific

Oxfam launches fund to make 'impact investments' in the developing world

Source: Third Sector

The overseas aid charity is linking up with the City of London Corporation and Symbiotics to help small and medium-sized enterprises, with the first investment in Mongolia
Thursday, October 04, 2012 — No Region Specified

Social Enterprise - ImpactAssets50 provides view of growing impact investing landscape

Source: Trust Law

SAN FRANCISCO (TrustLaw) - A database of fund managers who invest for maximum social, environmental and financial impact shows that assets under management grew 15 percent compared to last year to $10.2 billion.
Friday, September 28, 2012 — Europe & Eurasia

Deutsche Bank Announces Essential Capital Fund at 2012 Clinton Global Initiative Annual Meeting

Source: Daily Finance

NEW YORK--(BUSINESS WIRE)-- Deutsche Bank announced its Commitment to Action at the Clinton Global Initiative (CGI) Annual Meeting. The commitment was to the structuring of the Essential Capital Fund (the "Fund") which defines an innovative approach to providing early stage high risk money to support the impact investing sector.
Tuesday, September 18, 2012 — Latin America

Venture Capital Is Taking Off in Mexico

Source: CNBC

Mexico has a large, stable and growing economy, currently the 14th largest economy in the world and, according to Goldman Sachs, will be the fifth largest economy by 2050.
Friday, September 14, 2012 — South Asia

Allahabad MFI Sonata Finance raises $6.35M from Creation Investments, others

Source: VCCircle

Chicago-based Creation Investments made its first investment in India in 2010 by picking up stake in Eko India Financial Services.
Thursday, September 13, 2012 — South Asia

$4 billion planned for investment in social enterprise in 2012: Report

Source: The Economic Times

According to a global impact investment market study by JP Morgan, and the Global Impact Investment Network (GIIN), investors see the social enterprise as a market 'in its infancy and growing' with almost $ 4 billion planned for investment in 2012. Over the last eight years $ 600 million has been invested in social enterprises in India itself. The Monitor Institute estimates that over the next 5 - 10 years impact investments will grow to 1 percent of global assets under management, emerging as a new asset class.
Wednesday, September 12, 2012 — South Asia

Citi Foundation Grants $180k to Parinaam Foundation of India

Source: Microcapital.org

Citi Foundation, the charitable arm of the US-based financial provider Citigroup, reportedly has given a grant of INR 10 million (USD 180,000) to Parinaam Foundation, an Indian nonprofit organization, to deliver Parinaam’s Diksha Financial Literacy Program to approximately 31,000 microfinance clients.
Tuesday, September 11, 2012 — Sub-Saharan Africa

Does Africa really benefit from foreign investment?

Source: BBC

African economies have grown robustly over the past decade, but that has not solved the continent's economic problems.
Tuesday, September 11, 2012 — Sub-Saharan Africa

What is the Agaciro Development Fund?

Source: Devex

Rwanda is setting the stage in driving its own development, starting with the launch Thursday (Aug. 23) of the country’s national solidarity fund.
Friday, September 07, 2012 — South Asia

Intellecap facilitates investment of INR 250 million in NationWide, from Norwest Venture Partners

Source: Intellecap

Intellecap today announced that it has facilitated an investment of INR 250 million from Norwest Venture Partners in Nationwide Primary Healthcare Services, a pioneering chain of general practitioner and pediatric clinics backed by US based angels.
Thursday, September 06, 2012 — No Region Specified

North American impact investors are keeping their money close to home

Source: See Change Magazine

Most of the world’s poor live in developing markets. And, according to some experts, so do ventures with the most long-term growth potential. But relatively few North American impact investments leave Canada and the United States. Are impact investors missing out?
Tuesday, August 28, 2012 — Sub-Saharan Africa

The Rockefeller Foundation Supports Impact Investing Policy Research in Africa

Source: Rockefeller Foundation

The Rockefeller Foundation through its Impact Investing initiative is funding research in five sub-Saharan African countries which will contribute to two overarching goals: understanding the policy barriers and enabling environment for impact investing across Africa and recommending national policies to encourage the growth of the industry for the ultimate benefit of poor or vulnerable communities.
Friday, August 24, 2012 — South Asia

TISS to fund, mentor entrepreneurship students

Source: The Indian Express

The social entrepreneurship students of the Tata Institute of Social Sciences (TISS), keen on starting their venture at a time when the economy is volatile, now have a back-up. The institute has introduced a scheme this year to fund and mentor students pursuing masters in social entrepreneurship for three years.
Tuesday, August 21, 2012 — No Region Specified

SIFP and Fledge Form Partnership

Source: Fledge Press Release

Social Innovation Fast Pitch (“SIFP”) has partnered with Fledge, the “conscious company” incubator, to provide additional advice, mentorship, and support to the for-profit finalists of the SIFP 2012 program. Additionally, the SIFP 2012 Fund II investors have selected Fledge to manage the operations of this year’s $100,000 investment fund.
Thursday, August 16, 2012 — Sub-Saharan Africa

Acumen Fund Announces Duncan Onyango as New Director of Acumen Fund East Africa

Source: Acumen Fund Blog

Nairobi, Kenya, August 15, 2012 – Acumen Fund, a pioneering nonprofit global venture firm addressing poverty across Africa and in South Asia, today announced Duncan Onyango as the new Director of Acumen Fund East Africa. Mr. Onyango joins from Rift Valley Railways having served as Group Chief Finance Officer. He replaces Biju Mohandas who is leaving Acumen after five years of leading Acumen’s local office and building the portfolio to its current size of $29 million in cumulative investments. Mr. Mohandas will play an informal role through this transition.
Wednesday, August 15, 2012 — No Region Specified

With $2M from Eric Schmidt, biNu brings smartphone apps to dumb phones

Source: GigaOM

Eric Schmidt’s Tomorrow Ventures is leading a $2 million Series A round in biNu, an Australian startup that enables feature phones to run cloud-based smartphone apps such as Facebook, Twitter, Wikipedia and Google. BiNu highlights the opportunity in developing markets where smartphone penetration is low.
Wednesday, August 15, 2012 — Asia Pacific

TISS, DBS Bank tie-up to support social entrepreneurship

Source: First Post

Singapore-based DBS Bank and Tata Institute of Social Sciences (TISS) joined hands to launch a programme which will support social entrepreneurship.
Monday, August 13, 2012 — No Region Specified

Will Crowdfunding Ignite Investing For Profits And Purpose?

Source: Forbes

Can you earn a healthy return on your investment and help change the world at the same time? If you haven’t been paying attention, there are already thousands of entrepreneurs and investors betting that you can, with a multibillion-dollar market to show for it.
Tuesday, August 07, 2012 — No Region Specified

Morgan Stanley and Other Banks Get Serious About Sustainable Investing

Source: Institutional Investor

NO ONE CAN ACCUSE MORGAN STANLEY OF MERELY flirting with sustainable investment products. The April launch of Morgan Stanley Smith Barney’s Investing with Impact Platform and a similarly named firmwide initiative make it one of a handful of banks to institutionalize socially responsible investing.
Tuesday, August 07, 2012 — Sub-Saharan Africa

Ugandan Billionaire Ashish Thakkar Launches Venture Capital Fund For Young Entrepreneurs

Source: Ventures Africa

VENTURES AFRICA – Ugandan billionaire businessman Ashish J. Thakkar, under the auspices of the Mara foundation, a non-profit enterprise of Mara Group, today announced the formation and launch of a venture capital firm – Mara Launch Uganda Fund to support the needs of today’s entrepreneurs.
Wednesday, August 01, 2012 — No Region Specified

University Impact Fund Receives $100,000 Grant from Sorenson Impact Foundation

Source: Market Watch

SALT LAKE CITY, Jul 31, 2012 (BUSINESS WIRE) -- --Sorenson Impact Foundation Founder James Lee Sorenson is a Champion of Social Entrepreneurship. The University Impact Fund (UIF) today announced the receipt of a $100,000 grant from the Sorenson Impact Foundation, which will go towards improving operations and strengthening the program.
Monday, July 30, 2012 — South Asia

Acumen Fund Invests INR 1.5 Crore ($300K) in Edubridge Learning

Source: Acumen Fund Blog

Mumbai, India, July 25, 2012 – Acumen Fund, a pioneering nonprofit global venture fund addressing poverty across Africa and South Asia, today announced a INR 1.5 Crore ($300K) equity investment in Edubridge Learning Private Limited, a growing company that provides vocational skills training for low income youth across Maharashtra, Tamil Nadu, Karnataka, and Chhattisgarh
Thursday, July 26, 2012 — Sub-Saharan Africa

StartMe gives SA entrepreneurs crowdfunding

Source: My Broadband

South African entrepreneurs, who have been hard pressed to find funding via traditional means such as bank loans, can now take advantage of a new funding mechanism in South Africa – StartMe.co.za.
Friday, July 20, 2012 — Latin America

Bamboo Finance Invests R$7 Million (US$3.6M) in Bille, To Build 1200 Affordable Houses in Sao Paulo State

Source: Press Release

Geneva, Switzerland, July 19, 2012 – Bamboo Finance, a leading impact investment firm with a pioneering history of funding growth stage business models that drive economic viability in low-income markets, has invested R$7M (US$3.6M) in Bille, a Special Purpose Enterprise (SPE) created by Crinale, a Brazilian housing developer, for building and selling 1,200 houses in the interior of Sao Paulo State. Bille uses an innovative and efficient business model to build and sell affordable standard houses, reducing the time from development to sale by more than 50%. To date, Crinale has completed six affordable housing projects in five towns, delivering more than 1,100 low-income houses in the interior State of Sao Paulo.
Wednesday, July 18, 2012 — South Asia

"Having It All": Finding Profit and Purpose with Tahira Dosani

Source: Forbes

In the wake of Dr. Anne-Marie Slaughter’s article, “Why Women Still Can’t Have it All,” I had been thinking about how to have it all not in terms of balancing children and career, but rather in terms of finding a career that encompasses money and meaning. For many women in our 20s, the tradeoffs between pursuing our passions and supporting ourselves can be perplexing. We want to pursue work that excites us, but we don’t know when, where, or how to start. This is a dilemma I’ve faced myself, as I’ve worked in banking and private equity and am beginning work at an impact investing fund.
Tuesday, July 10, 2012 — Sub-Saharan Africa

Pearson to invest in low-cost private education in Africa and Asia

Source: The Guardian

Pearson, the UK education company and owner of the Financial Times, has launched a £10m fund to invest in private schools in Africa and Asia aimed at providing affordable education for poor children.
Friday, June 29, 2012 — South Asia

Annapurna Microfinance raises $2.36M from Incofin Investment Management

Source: VCCircle

Orissa-based Annapurna Microfinance Pvt Ltd (AMPL) has raised Rs 13 crore ($2.6 million) from Belgian investment firm Incofin Investment Management's Rural Impulse Fund II.
Tuesday, June 26, 2012 — No Region Specified

Village Capital seeks to help entrepreneurs with social purpose

Source: AJC.com

Entrepreneurial accelerator programs, where early-stage companies can get advice and sometimes funding, are not uncommon. When 15 startup businesses got together in Atlanta this spring for a 10-week program put on by the nonprofit organization Village Capital, however, it was something different.
Thursday, June 14, 2012 — Sub-Saharan Africa

Time For An African Valley? — Sub-Saharan Accelerators Start To Emerge

Source: Tech Crunch

The news that i/o Ventures had launched the Savannah Fund in Africa is clearly welcome news for an emerging continent. It’s $10m fund size will be a shot in the arm for the eco-system there. But I was surprised to see that it was being described in some quarters as the “first ever” Sub-Saharan African incubator and accelerator. Because it patently is not.
Thursday, April 12, 2012 — South Asia

Villgro Innovation Marketing Raises Seed Capital

Source: Press Release

Chennai based Villgro Innovation Marketing Private (VIM), an innovative rural distribution company, has raised a significant seed series investment from US-based investment firm Unitus Seed Fund and a group of angel investors to further expand its operations in South India.
Friday, March 23, 2012 — South Asia

Omidyar Network Backs Two More Indian Firms

Source: livemint.com

Omidyar Network started funding projects in India about two years ago with plans to invest up to $200 million in five years
Wednesday, March 21, 2012 — North Africa and Near East

GroFin Expands Pool of SME Funding to $323 million, Enters Three New Countries

Source: Press Release

GroFin, the multinational pioneer of growth finance working to create real impact through the support of small and medium businesses, has announced a growth in funds under management from $260 million to $323 million.
Tuesday, March 13, 2012 — No Region Specified

Citi Leads Investment in SJF's New Fund

Source: The Wall Street Journal

he team at SJF Ventures had to undergo federal background checks, submit fingerprints and provide 20 references each in order to obtain a license from the Small Business Administration for its new nationally focused impact investment fund, SJF Ventures III LP. The fund could be a potential new funding source for some start-ups with a social good focus.
Wednesday, March 07, 2012 — Asia Pacific

ADB Plans to Invest $100M in Environment Fund

Source: Inquirer Business

The Asian Development Bank is expected to invest about $100 million in a multinational fund that will be put up to boost investments in environment-related technologies and projects in developing countries like the Philippines.
Wednesday, February 29, 2012 — Sub-Saharan Africa

Omidyar Network and ACCION Invest US $3.2 Million in Mobile Transactions International

Source: PR Newswire

Omidyar Network and ACCION International announced today that they have invested US $3.2 million in Mobile Transactions International, a Zambia-based company that leverages mobile technology and an agent network to enable financial transactions across the Zambian economy. The $4 million investment round also includes $500,000 in converted debt funding from Mennonite Economic Development Associates.
Tuesday, February 14, 2012 — South Asia

Vikram Gandhi Sets Up Own Investment Bank

Source: livemint.com

It will handle domestic and cross-border deals and advise high networth individuals and global institutional investors such as pension funds and sovereign wealth funds (SWFs) which are looking to increase their allocation to India
  • Managing Partners

    William Davidson Institute
  • Sponsoring Partner

    Citi Foundation
  • Content Partners

    Ashoka
  • Content Partners

    IADB
  • Content Partners

    MercyCorps
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