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Sanari Capital Invests $5 Million in Energenic Holdings to Boost Energy Solutions in Africa
With electrification rates averaging only 30% in many regions, there is increasing demand for alternative power solutions, particularly renewable hybrid systems.
- Categories
- Energy, Investing, Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Kenya’s Hustler Fund Is a Flop. Why President Ruto’s Plan to Loan Money to Entrepreneurs Hasn’t Worked
The Kenya government acted as a micro-lender via the Hustler Fund, which was applauded by the financial inclusion lobby as a way to correct failures in the credit market.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Viewpoint: Gender Equality Cannot Be Last on the Agenda at COP29 Climate Talks
Women can be powerful agents of climate action if included in decision-making processes and given access to the right resources.
- Categories
- Agriculture, Education, Energy, Environment, Finance, Health Care, Impact Assessment, Investing, Social Enterprise, Technology, Telecommunications, Transportation, WASH
- Region
- Global
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Press Release: Rockefeller Foundation Advances African-Led Energy Transition Solutions at COP29
The Rockefeller Foundation announced $US10.9 million for the African Climate Foundation; African School of Regulation; Clean Cooking Alliance, via UN Foundation, in Kenya; GOGLA; SEforALL, via UNOPS, in Zambia.
- Region
- Global
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Acumen Announces $300 Million Agricultural Adaptation Commitment
A five-year commitment will help close agrifood adaptation finance gap, reach forty million smallholder farmers, feed one billion people by 2030.
- Categories
- Agriculture, Investing
- Region
- Global
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Navigating the Financing Paradox for WSMEs: Workable Solutions for Increasing Financial Inclusion Among Women-Owned or -Led Small and Medium-Sized Enterprises
In Africa, an estimated $42 billion financing gap exists for small and medium-sized enterprises owned or led by women (WSMEs). According to Nathalie Gogue-Ebo, Crystal Mugimba, Millie Maina and Shiemaa Ahmed at Open Capital, this gap has persisted despite the fact that women own the majority of the continent’s SMEs, and that globally, they default on their loans at a rate 53% lower than men. They explore the main roadblocks facing African WSMEs, and share some solutions that can ensure that these women entrepreneurs have access to the capital they need to thrive.
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Press Release: Coca-Cola Beverages Africa Invests $50 Million in Namibia, Boosting Production Capacity by 30%
The investment also includes the installation of a water treatment plant with state-of-the-art water recovery technology, designed to reduce water consumption.
- Region
- Sub-Saharan Africa
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ID Verification Company Equal Bags $10 Million in First Institutional Raise
Equal is building a platform which helps businesses streamline their know your customer (KYC) processes and prevent fraud, thereby assisting in regulatory compliance through integration with about 50 identity databases.
- Categories
- Investing, Technology
- Region
- Asia Pacific
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