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Press Release: DFC Announces More Than $1.8 Billion in Investments and New Initiatives at U.N. General Assembly
Several new DFC transactions and initiatives were announced by DCEO Biswal during the U.N. General Assembly.
- Categories
- Energy, Environment, Investing, Technology
- Region
- Global
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Funding the Fight Against the World’s Oldest Fuel Source: How New Financing Mechanisms in Clean Cooking Can Succeed Where Grants Have Failed
The use of biomass fuel for cooking has remained consistent over the centuries, despite the development sector's efforts to scale global access to clean cookstoves. As Paul Ronalds at Save the Children Global Ventures argues, a key reason for this failure is the estimated $5.5 billion annual funding gap facing clean cooking initiatives — a gap that traditional sources of finance, like private donations and government grants, have been unable to fill. He discusses several funding solutions, including carbon credits, that could help the clean cooking sector finally end the era of biomass fuel.
- Categories
- Energy, Environment, Investing, Technology
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Press Release: Unlocking Opportunity for the World’s Underprivileged Children and Youth: International Finance Facility for Education (IFFEd) Commits to $1.5 Billion for Global Education and Skills in LMICs
This historic public-private, non-partisan international finance facility of $1.5bn was commitment for 2024-2025 to global education at the UN Summit of the Future.
- Region
- Global
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CarePay Raises £8.4 Million for Global Expansion of Health Insurance Platform
CarePay International will invest €10m (£8.4m) to fund the expansion and innovation of its health insurance platforms.
- Categories
- Health Care, Investing, Technology
- Region
- Global
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Tanzania Mahenge Graphite Project Secures $219 Million Financing for Mine Development
This funding is critical for the project’s development, which includes establishing a 220kV power line to connect the local community to electricity, thereby fostering new business opportunities in the region.
- Categories
- Investing
- Region
- Sub-Saharan Africa
- Tags
- energy access, mining, supply chains
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Coca-Cola Plans to Invest $1 Billion in Nigeria Operations, Presidency Says
Coca-Cola had since 2013 invested $1.5 billion in Nigeria to expand its production capacity.
- Categories
- Investing
- Region
- Sub-Saharan Africa
- Tags
- corporations
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Press Release: Goodwell Enters the Ugandan Market With Investment in the Agent Banking of Company Uganda Ltd (ABC)
The funding will enable ABC to pursue ambitious goals for growth, including expanding its client base, increasing agent coverage, and deploying new services.
- Region
- Sub-Saharan Africa
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Press Release: Majority of Global Corporates Plan to Increase Net Zero Spending
Ahead of New York Climate week, most global corporates (61.7%) say they expect to invest more capital in getting their businesses to net-zero in the next 12 months.
- Categories
- Environment, Investing
- Region
- Global
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