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South Africa’s WhereIsMyTransport Closes After Failing to Secure Investment
WhereIsMyTransport is the latest in a host of well-regarded and well-funded African startups to have closed down this year amid a fall in liquidity within the global venture capital market.
- Categories
- Investing, Technology, Transportation
- Region
- Sub-Saharan Africa
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BURN Manufacturing Issues US$10 Million Green Bond To Support Clean Cooking
The proceeds from the bond will allow BURN to increase existing manufacturing capacity in Kenya as well as launching a new manufacturing facility in Lagos, Nigeria.
- Categories
- Energy, Environment, Investing
- Region
- Sub-Saharan Africa
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Republican-Led US States Appeal Ruling Allowing Biden ESG Investing Rule
The appeal goes to the New Orleans-based 5th U.S. Circuit Court of Appeals, which is considered one of the most conservative federal appeals courts.
- Categories
- Investing
- Region
- North America
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Report: Emerging World Needs $1.5 Trillion for Green Buildings, IFC Says
The International Finance Corporation is looking to develop a guarantee facility for private investors to boost finance for greener construction in emerging markets.
- Categories
- Investing, Technology
- Region
- Global
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Islamic Development Bank and World Bank Partnering to Drive Impact
The partnership is expected to support joint operations that could involve up to $6 billion in financing through 2026.
- Categories
- Investing
- Region
- Global
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The World Bank Approved a $1 Billion Loan to Help Blackout-Hit South Africa’s Energy Sector
The energy problem has forced the country to lean on its highly polluting coal-fired power stations.
- Region
- Sub-Saharan Africa
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BlackRock Fund Backs Renewable Energy Firm in First Latin America Investment
BlackRock-managed fund Climate Finance Partnership (CFP) will make its first foray into Latin America with the acquisition of a minority stake in Brasol, a Brazilian renewable energy firm.
- Categories
- Energy, Investing, Technology
- Region
- Latin America
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Press Release: Convergence Blended Finance Releases New Findings — Reports 45% Decline in Global Blended Finance for Climate
Public financing for climate, while increasing, has seen the overall growth rate decline, private climate financing volumes lag, and climate blended finance flows regress.
- Categories
- Environment, Investing
- Region
- Sub-Saharan Africa