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Press Release: U.S. Government’s Power Madagascar to Bring Electricity to 5,200 Rural Homes and Businesses
The United States Government, through the United States Agency for International Development (USAID) and the Power Africa initiative, has awarded three companies in Madagascar a combined $1.2 million in grant funding to develop mini-grids that will bring electricity to more than 5,200 rural homes and businesses. These grants are part of the U.S. Government’s $3 million effort to increase energy production and electricity access in Madagascar.
- Categories
- Energy, Investing, Social Enterprise
- Region
- Sub-Saharan Africa
- Tags
- energy access, solar
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YC-Backed Cashfree Raises $35.3 Million for Its Payments Platform
Cashfree, an Indian startup that offers a wide-range of payments services to businesses, has raised $35.3 million in a new financing round as the profitable firm looks to broaden its offering.
- Categories
- Finance, Investing, Technology
- Region
- Asia Pacific
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Billionaire Bezos Backs Start-up in Maiden Africa Investment
Jeff Bezos agreed to back Africa-focused financial technology company, Chipper Cash, making it his first start-up investment on the continent.
- Categories
- Finance, Investing, Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech, impact investing, startups
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Bain Capital Raises $800 Million for Second Impact Investing Fund
The Boston-based firm raised a substantially larger impact fund despite headwinds that have slowed capital inflows to such strategies
- Categories
- Investing
- Tags
- ESG, impact investing
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Arisaig Seeks To Maximise Impact ‘Bang for Buck’ With New Next Generation Emerging Markets Fund
Arisaig Partners made a bold foray into impact investing in emerging markets by launching its new public equities fund, the Next Generation Fund, in early September.
- Categories
- Health Care, Investing
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European Union Boosts Resilience in Northern and Western Bahr el Ghazal States
The United Nations World Food Programme (WFP) welcomes a €6.1 million contribution from the European Union to strengthen the resilience of vulnerable communities in Northern and Western Bahr El Ghazal states.
- Categories
- Agriculture, Investing
- Region
- North Africa & Near East
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Mastercard, Juvo Team up To Help Underbanked Build Credit in LATAM, Caribbean
Mastercard is teaming up with FinTech startup Juvo to help the “underbanked” in Latin America and the Caribbean to build credit histories so they can engage in a wider range of financial services.
- Region
- Latin America
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AVPA Launches Africa Social Investment Landscape Mapping Study Report
Insights into the current state of the social investment landscape and key trends that will influence the increased flow of capital into social investments in Africa
- Region
- Sub-Saharan Africa
- Tags
- philanthropy
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