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Press Release: CrossBoundary Energy Secures US $40 Million in Equity to Expand Commercial and Industrial Portfolio Across Africa
The equity will allow CrossBoundary Energy to further scale its investments in renewable energy solutions for commercial and industrial businesses across Africa.
- Region
- Sub-Saharan Africa
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This €110 Million VC Fund for Africa Is Now Prioritizing Startups That Can Break Even Quickly
This amount makes CAIF one of the largest Africa-focused venture capital funds, alongside others like TLcom Capital.
- Categories
- Investing
- Region
- Sub-Saharan Africa
- Tags
- startups, venture capital
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The Power of Results-Based Funding for Poverty Alleviation: What We Learned from Africa’s First-Ever Development Impact Bond – and What’s Next
Development impact bonds (DIBs) are an innovative, results-based funding model with the potential to reduce poverty and make aid more effective. To assess their impact, a randomized controlled trial was conducted on Africa's first-ever DIB for poverty alleviation, which supported a poverty graduation program implemented by Village Enterprise. Dianne Calvi at Village Enterprise and Brian Boland at the Delta Fund (one of the nine philanthropic investors in the DIB) discuss the results of this study, what they mean for the sector, and how results-based funding can evolve to maximize its impact.
- Categories
- Impact Assessment, Investing
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Pan-African CAIF Fund Closes at $112.8 Million
Tunisia-based multi-asset investment platform AfricInvest and US-based VC firm Cathay Innovation, have completed the final close of their joint Pan-African venture fund.
- Categories
- Education, Finance, Health Care, Investing, Technology
- Region
- Sub-Saharan Africa
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A Portfolio Approach to ESG and CSR: Why Supporting Social Entrepreneurship Accelerators Makes Sense for Corporate Funders
Many corporations seek to support social enterprises as a way to meet their environmental, social and governance (ESG) or corporate social responsibility (CSR) goals. But as Brigit Helms at Miller Center for Social Entrepreneurship explains, corporations often find it challenging to identify and engage with these enterprises one at a time, and instead prefer to work with social enterprise accelerators. She shares insights from a recent Miller Center white paper that attempts to quantify the benefits corporate partners can obtain from supporting these accelerators.
- Categories
- Investing, Social Enterprise
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Zazuu Raises $2 Million for African Remittance Platform
African money movement platform Zazuu has completed a fundraising round that will allow it to build a more robust remittance offering for residents living in the diaspora.
- Region
- Sub-Saharan Africa
-
IDB Boosts Latin America ESG Bond Campaign With $1 Billion Push
Inter-American Investment Corporation is helping companies in Latin America and the Caribbean bring about $1 billion of environmental, social and governance bonds as sustainable financing gains traction in the regions.
- Categories
- Investing
- Region
- Latin America
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Byju’s Struggles to Close $800 Million Round in India
The delayed funding for India's most valuable startup is likely to trigger renewed concerns about India's consumer technology industry, where public valuations on major players from Zomato to Paytm have crashed in recent months.
- Categories
- Education, Investing, Technology
- Region
- Asia Pacific
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