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Press Release: Bangladesh-Based Clean Energy Firm SOLshare Successfully Closes US$1.1 Million Financing Round With Support From IIX Impact Partners
IIX Impact Partners – the world’s most successful debt and equity crowdfunding platform for impact investing – has supported Bangladesh-based off-grid solar energy firm SOLshare in closing a US$1.1 million financing round. Investors include innogy New Ventures LLC – the venture capital investment arm of the German utility firm innogy SE— the investment arm of Portuguese utility firm EDP Ventures, as well as new angel investors from around the world. Funding will be used to bring smart solar microgrids to off-grid, underserved communities in Bangladesh, putting SOLshare on track to positively impact 2.5 million people by 2023.
- Categories
- Energy, Finance, Technology
- Region
- Asia Pacific
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Viewpoint: Low Internet Access Is Driving Inequality
Covid-19 and the great lockdown triggered a mass migration from analog to digital and highlighted that access to the Internet is crucial for socioeconomic inclusion.
- Categories
- Coronavirus, Technology
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Press Release: Developing Countries Could Lose Out as Automation Competes With Low-Cost Labour
The COVID-19 pandemic will accelerate the rise of industrial automation and enable manufacturers in developed countries to compete with low-cost labour in the developing world; multinational corporations are already considering repatriating some manufacturing production as a result of the unprecedented disruption the pandemic has caused to global value chains; developing countries must respond by developing local industrial capabilities with new technologies and skills that will allow them to become more integrated into world trade.
- Categories
- Coronavirus, Technology
- Tags
- supply chains
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India Bans 59 Chinese Apps Including TikTok, Helo, WeChat
The government said the applications are engaged in activities “prejudicial to sovereignty and integrity of India, defence of India, security of state and public order.”
- Categories
- Technology
- Tags
- public policy
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Viewpoint: Investing in Digital Agriculture Can Help Africa Beat This Pandemic
We need to bridge Africa's data gap to strengthen food, health and economic security, and overcome a predicted continent-wide recession
- Categories
- Agriculture, Coronavirus, Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, NGOs, startups
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Money Experience Named as Hybrid Learning Resource for Impact Global Education’s Flexible Higher Education Solution
Impact Global Education's new program, Domain, marries experiential, place-based and online learning to add value to higher education
- Categories
- Education, Technology
- Tags
- edtech, impact investing
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How Fintech Khalti Is Empowering Women in Nepal
Khalti means “pocket” in Nepali, and it also refers to the popular e-wallet, mobile payment gateway, and digital service provider in the former kingdom of Nepal.
- Categories
- Technology
- Region
- Asia Pacific
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Overthrowing the King: Could Central Bank Digital Currencies Replace Cash in Post-COVID-19 Africa?
Despite advances in digital technology, cash has remained the undisputed king of payments in sub-Saharan Africa. However, as Michaella Allen and Christine Hougaard at Cenfri explain, COVID-19 has placed a stigma on cash and led governments across the region to actively encourage digital payments. They explore the implications of this shift, and whether it could make central bank digital currencies a viable alternative.
- Categories
- Coronavirus, Finance, Technology
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