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$500 Million Asian Development Bank Loan to Expand Financial Inclusion in Indonesia
The Asian Development Bank (ADB) has approved a $500 million policy-based loan to support the Government of Indonesia's efforts to expand financial access among micro, small, and medium-sized enterprises and marginalized groups such as women and youth.
- Categories
- Finance
- Region
- South Asia
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IFC and Kobo360 Partner to Support Innovative Solutions in Nigeria’s Agriculture and Health Sectors
The International Financial Corporation (IFC) in partnership with African e-logistics start-up, Kobo360 has announced a call for innovators all over the world to bring climate-smart, Temperature-Controlled Logistics (TCL) cooling solutions to Nigeria to help the country address food waste challenges, support its health sector, and reduce its energy consumption.
- Categories
- Agriculture, Energy, Health Care
- Region
- Sub-Saharan Africa
- Tags
- startups
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Analysis: Europe’s Second COVID-19 Lockdown Could Hurt African Economies
A second wave of the coronavirus (COVID-19) pandemic is forcing some European and Asian countries to implement lockdowns that could hurt the global market and many sub-Saharan African economies.
- Categories
- Coronavirus
- Region
- Sub-Saharan Africa
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IBM Supports African Agricultural Startups Through Digital4Agriculture Initiative
Digital4Agriculture Initiative is helping over 36 African agriculture startups become better prepared for the digital future.
- Categories
- Agriculture, Technology
- Region
- Sub-Saharan Africa
- Tags
- startups
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WDI Leads Research in Gender Equity Impact Investment Effort
The project focuses on 29 SMEs across multiple LMICs in Africa, Asia and Latin America. These businesses work in a variety of sectors, including microfinance and financial inclusion, food and agriculture, and renewable energy and climate. WDI will investigate the outcomes of gender-smart TA provided to SMEs supported by their investors.
- Categories
- Investing
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Press Release: Husk Power Systems Becomes First Minigrid Company to Power 100 Communities, 5,000 Small Business Customers
Today, Husk Power Systems, (huskpowersystems.com), the leading rural energy company operating renewable minigrids in Asia and Africa, announced that it has achieved two industry firsts: surpassing 100 community minigrids, and serving more than 5,000 micro-enterprise customers.
- Categories
- Energy
- Tags
- renewable energy, solar
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Press Release: Henry Closes Us $1.5 Million Seed Round Led by Accion Venture Lab to Provide Technical Education to Students in Latin America
Henry’s model leverages remote learning and innovative financing structure (ISA) to provide technology courses for no upfront costs
- Categories
- Education
- Region
- Latin America
- Tags
- impact investing, startups
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Analysis: Remittances Show Promise in the Face of the Ongoing Global COVID-19 Pandemic
The COVID-19 pandemic has imposed catastrophic consequences across the world, with a disproportionate effect on Latin America and the Caribbean. With a projected 9 percent contraction in regional gross domestic product (GDP) for this year, experts fear that the heightened economic uncertainty and lower foreign demand brought on by the health crisis might signify yet another lost decade for Latin America. There is one factor, however, that paints a particularly promising picture for the outlook of the region: remittances.
- Categories
- Finance, Technology
- Region
- Latin America
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