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Trinus Raises $7 Million in Series B Extension Led by Bewater
Trinus connects real estate developers with capital markets in Brazil.
- Categories
- Finance, Technology
- Region
- Latin America
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Press Release: IFC Partners with Sol Agora to Expand Access to Solar Financing and Diversify Brazil’s Energy Mix
Sol Agora is a fintech provider of long-term financing for micro and mini-distributed solar power generation assets across Brazil.
- Categories
- Energy, Finance, Technology
- Region
- Latin America
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HUB2 Banks $8.5 Million to Become the ‘Stripe for Francophone Africa’
Today, HUB2 operates as the backbone for 55 fintechs across French-speaking Africa.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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$100 Billion for Progress: Inside IDA’s Largest Replenishment Yet
Now an IDA donor, South Korea increased their contribution to IDA21 by 45% from the last funding cycle.
- Categories
- Environment, Finance
- Region
- Global
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Billboxx Raises USD 1.6 Million to Streamline African Business Payments
Billboxx aims to address inefficiencies in SME payment workflows across Africa and MENA.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Microsoft Launches AI Initiative to Empower African Startups
More than 2,400 AI startups in Africa are transforming industries and creating new job opportunities at a rapid pace.
- Categories
- Agriculture, Finance, Health Care, Technology
- Region
- Sub-Saharan Africa
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Making Mini-Grids Work for Everyone: A Tariff Harmonization Pilot in Sierra Leone Reveals the Benefits and Challenges of Lowering Prices
Solar mini-grids offer a promising solution to energy poverty in Africa. But according to Tombo Banda and Lisa Kahuthu at CrossBoundary and Miriam Atuya, this approach has yet to gain sufficient traction, due in part to the challenge of balancing operational sustainability with affordability. If customer tariffs are set too low, operators lack revenue — but if prices are set too high, mini-grid electricity isn’t accessible enough to drive widespread adoption. They share the results of a pilot program in Sierra Leone that tested the impact of lower prices on mini-grid operators and their customers, highlighting the implications for future efforts to implement tariff reduction at scale.
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HSBC, World Bank’s IFC Launch $1 Billion Trade Finance Programme for Emerging Markets
Demand for trade finance far outpaces supply, especially in emerging markets, with the global trade finance gap last estimated at $2.5tn, according to a report from the Asian Development Bank.
- Categories
- Finance
- Region
- Global