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A Blueprint for Closing the SDG Financing Gap: How to Raise $290 Billion in 12 Months to Tackle the World’s Biggest Problems
As of 2020, the annual SDG financing gap for developing countries stood at $4.2 trillion — up from $2.5 trillion pre-pandemic. And according to Chris Clubb at Convergence Blended Finance, though private capital is crucial to closing this gap, the $240 billion in annual public development finance only mobilizes around $44 billion in private investment, which covers just 1% of these countries' climate and SDG investment needs. He explores the core elements of Convergence's Action Plan for Climate and SDG Investment Mobilization, which shows how a small amount of public and philanthropic funding can catalyze private investment to more than double total climate and SDG financing in developing economies.
- Categories
- Environment, Investing
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Press Release: BlueMark Raises $10 Million in Series A to Accelerate Adoption of Its Market-Leading Impact Verification Services, Benchmarks, and Analytics
S&P Global leads Series A round, alongside other new investors including Temasek Trust Capital, Blue Haven Initiative, Gunung Capital, and Tsao Family Office.
- Categories
- Investing
- Region
- Global
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SME Growth Lab Partners with Shecluded to Empower African Female Entrepreneurs
As part of the 2023 IWD, SME Growth Lab Africa and Shecluded launched an only-female accelerator to provide a ₦1 million shared grant to five African entrepreneurs.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Forget about Mobile Money, Invest in Insurtech Instead: The Untapped Triple Bottom Line Opportunity in Nigeria
Nigeria has one of the lowest insurance penetration rates in the world, at just 0.5%. But as Brian Yu at Shecluded explains, this low uptake means the industry is poised for disruption and growth. He explores how insurtech innovators are addressing the key problems plaguing the sector — namely, a lack of accessibility, affordability and customer trust — and calls for funders to look past their traditional focus on mobile money and invest in the insurtech businesses that are transforming the way the industry serves low-income customers.
- Categories
- Finance, Investing, Technology
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Analysis: Combatting India’s Learning Crisis Through Innovations in Financing: ‘How’ We Fund Is as Important as ‘What’ We Fund
Over the last few years OBF has created a paradigm shift for the way that capital is deployed to solve for intractable development challenges such as learning poverty.
- Categories
- Education, Investing, Technology
- Region
- Asia Pacific
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Amazon to invest USD 1.7 Billion in South Africa
The group published a new economic impact study (EIS) which outlined AWS Africa's projected forecast of investment to construct, operate, and maintain its cloud infrastructure in South Africa.
- Categories
- Investing, Technology
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Ashoka WhiteOak Emerging Markets Aims to Be First Investment Trust to Float in 18 Months
Ashoka WhiteOak Emerging Markets Trust PLC is planning to raise £100mln and be the first investment fund to list in London for over 18 months.
- Categories
- Investing
- Region
- Global
- Tags
- scale
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Report: ‘Fully Financing’ HIV Response in Africa Will Save Millions of Lives: UNAIDS
The report demonstrates that failing to mobilise the required funding to end AIDS as a public health threat by 2030 has substantial health, social and economic costs.
- Categories
- Education, Health Care, Investing
- Region
- Sub-Saharan Africa
- Tags
- failure, public health
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