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Slow but Steady Growth of Sukuk in Africa
Sukuk, the Islamic finance debt instrument worth around $800bn globally, is becoming part of some African countries’ finance-raising landscape. However, despite enormous benefits, especially in infrastructure finance, the pace has been relatively slow. Mushtak Parker explains why.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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The Emergence of ‘Resilience Credits’: How a New Asset Class Can Unlock Investment in Climate Resilience — And Why Impact Measurement Will be Key to its Success
Investments in building climate resilience in vulnerable communities are falling woefully short — and the private sector is almost entirely absent. Rania A. Al-Mashat, Egypt’s Minister of International Cooperation, Jyotsna Puri at IFAD and Jonathan Phillips at Duke University explore an innovative solution to this finance gap: “resilience credits.” They explain how this new asset class aims to align public and private capital to build and measure climate resilience — and discuss the pros and cons of different impact measurement approaches for resilience-focused projects and businesses.
- Categories
- Environment, Investing
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IFC Invests in New 4DX Ventures Fund to Support Tech Startups in Africa
Africa is among the regions least served by venture capital, receiving just 2% of global venture deal volume in the third quarter of 2023.
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
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Analysis: How Nigeria’s GetEquity Is Pivoting to Survive Global Capital Shortage
GetEquity is now providing private investments to both individuals and institutions through its platform and API infrastructure.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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$12 Million From InfraCo to Develop SunCulture’s Solar Irrigation Offering in Kenya
The 12 million dollars will support the Kenyan company's expansion in sub-Saharan Africa.
- Categories
- Agriculture, Energy, Investing
- Region
- Sub-Saharan Africa
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What Happened to the Just Energy Transition Grant Funding?
Take a closer look at the Just Energy Transition grants register and some of the key trends, to determine who the money has gone to, when it was disbursed and what it was spent on.
- Region
- Global
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Entrepreneurs in Africa Win $400,000 to Fight Poverty
Inaugural FINCA Ventures Prize Competition Supports Women and African Entrepreneurs.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Changing the Profitability Paradigm: A Key Report Aims to Rally Global Investors Behind a Sustainable Approach to Finance
As the global economy struggles to navigate financial crises and address shared challenges like climate change, Lucas Magnani at Convergences argues that the need to transform the profit-centric approach of traditional finance is increasingly urgent. He shares insights from Convergences' latest Impact Finance Barometer report, highlighting several ways that impact investors and others are working to put profitability and positive impact on equal footing — and some key areas where more progress is needed.
- Categories
- Investing
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