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An Under-Recognized Obstacle to Solar Access in Africa: The Impact of Foreign Exchange Risk — And How to Mitigate It
Solar energy businesses are rapidly gaining traction in Africa, driving economic growth, improving living standards and supporting the transition to a low-carbon future. But Yariv Cohen at Ignite Power highlights an under-recognized barrier facing the sector: foreign exchange risks. He explores the impacts that volatile exchange rates can have on two common types of solar projects in Africa, and shares some of the strategies that have emerged to mitigate these risks.
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- Energy, Environment, Investing, Technology
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Mind Over Matter: Why Developing a Growth Mindset is Key to Unlocking Women Farmers’ Success in Africa
Agricultural development in sub-Saharan Africa has typically centered on training farmers, providing them with inputs like seeds and fertilizers, and introducing technologies to improve their farming practices. Yet as Michelle Kurian at The Harvest Fund explains, these efforts have failed to spark a “green revolution” across the region. She explores the key role that a growth mindset can play in farmers' success, and argues that fostering this mindset shift — particularly among women — is a crucial priority that demands immediate attention.
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- Agriculture, Social Enterprise
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Funding the Fight Against the World’s Oldest Fuel Source: How New Financing Mechanisms in Clean Cooking Can Succeed Where Grants Have Failed
The use of biomass fuel for cooking has remained consistent over the centuries, despite the development sector's efforts to scale global access to clean cookstoves. As Paul Ronalds at Save the Children Global Ventures argues, a key reason for this failure is the estimated $5.5 billion annual funding gap facing clean cooking initiatives — a gap that traditional sources of finance, like private donations and government grants, have been unable to fill. He discusses several funding solutions, including carbon credits, that could help the clean cooking sector finally end the era of biomass fuel.
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- Energy, Environment, Investing, Technology
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One Village at a Time: A Women-Led Model for Bringing Digital Services and Financial Inclusion to Rural Bangladesh
Women customers constitute a huge market in rural Bangladesh, where many men have migrated to cities or foreign lands in search of work. Garima Singh at FinValue Advisors explores how the Bangladeshi financial services company Zaytoon Business Solutions is expanding access to digital financial and government services in rural communities — while boosting women's empowerment and employment — by extending its agent network to include "village digital booths" staffed by local women.
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- Finance
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Putting Communities at the Center of Impact Measurement: Why Locally Led Evaluations are Key to Measuring Project Success
Development organizations and donors often measure impact by asking if their target population was lifted, to some degree, out of poverty. But as Henok Begashaw at iDE argues, traditional impact measurement approaches centered around poverty reduction — like household surveys designed by outside technical experts — can fail to capture the key outcomes of an initiative. He explores the benefits of a locally led measurement approach that allows organizations to develop a rich picture of project outcomes, based on what beneficiaries themselves say is important.
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- Social Enterprise
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Replacing Old Technologies or Creating New Markets?: The Pros and Cons of Two Paths to Impact for Productive Use of Energy
Productive use of energy (PUE) technologies have the potential to unlock higher incomes and reduce reliance on more costly, non-renewable energy sources in rural and low-income communities. Dan Waldron, Chris Emmott, Yash Vardhan Gaddhyan and Ruth Wairimu at Acumen discuss the advantages and disadvantages of two different paths to impact for PUE: replacing inefficient, fossil fuel-based incumbent technologies, vs. disrupting entire markets with innovative PUE approaches.
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- Energy, Environment, Investing, Technology, Transportation
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Solving the Funding Challenges of Indian MSMEs: The Advantages of Founder-Friendly Non-Dilutive Financing
About 30% of India’s GDP is generated by micro, small and medium enterprises (MSMEs), which provide jobs for more than 110 million people and account for around 50% of the country’s exports. But as Bhavik Vasa at GetVantage points out, a drop in private equity and venture capital investments has led many of these entrepreneurs to shift towards more founder-friendly types of non-dilutive capital. He discusses the funding challenges facing Indian MSMEs, and why alternative forms of non-dilutive financing are uniquely suited to these businesses' needs.
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- Finance, Investing, Technology
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Measuring Systems Change: Three Tools for Understanding Your System-Level Impact
There's a growing realization that traditional solutions to individual global challenges often fail to address the interconnected causes at the root of these issues. As a result, impact-focused organizations are increasingly viewing these problems as part of a broader system, and developing solutions that aim to make positive systemic change. But as Gaurav Gupta and Bianca Samson at Dalberg and Saloni Atal at Artha Global explain, measuring system-level impact presents some unique difficulties. They explore these challenges and share some measurement tools that can allow organizations to separate the signal from the noise.
- Categories
- Social Enterprise, Technology