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Press Release: Asia’s EV Race: Selex Motors Raises $3 Million From Asian Development Bank Ventures, Schneider Electric Energy Access Asia and Others
The fund will help to expand production lines and support vehicle sales while setting up battery-swapping systems in key cities in Vietnam.
- Categories
- Energy, Investing, Technology, Transportation
- Region
- Asia Pacific
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Zimplats Injects $1 Million to Upgrade Mhondoro Mubaira Rural Hospital to Offer Specialist Services
Since its inception over two decades ago, Zimplats has invested a cumulative US$10 million in various projects through its CSR programme.
- Categories
- Health Care, Investing
- Region
- Sub-Saharan Africa
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‘We Should Be Worried’: Finance Leaders Warn Rising Interest Rates Are Squeezing Low-Income Countries
Public debt burdens in developing countries have been exacerbated in recent years by back-to-back global crises.
- Categories
- Investing
- Region
- Global
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Raxio Group Gets $33 Million in African Data Market Investment
The funding enables the design, construction, operation, and management of a series of high-impact data centres in seven countries across sub-Saharan Africa.
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
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The Challenge of Private Equity Investment in Low-Income Countries
After a steady rise in private investment in low- and middle-income countries, over the past several years, the trend is now reversing.
- Categories
- Investing, Technology
- Region
- Global
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AMK of Cambodia Borrowing $7.5 Million for Green Microfinance via Bond Issue From British Based BII, and Swiss Based Symbiotics
Cambodia’s AMK Microfinance Institution is to fund its ongoing lending for electric two- and three-wheeled vehicles as well as new products.
- Region
- South Asia
- Tags
- e-mobility, impact bonds, lending, microfinance, MSMEs, renewable energy, solar, waste
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Flexiloans Set To Raise $75 Million To Grow SME Loan Book
Flexiloans.com, an online lending platform for SMEs is growing its loan book.
- Categories
- Investing
- Region
- Global
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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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