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Press Release: DFC Approves 11 Values-Based Investments Totaling Nearly $364 Million to Address Climate Change, Promote Gender Equity, and Improve Healthcare throughout the Developing World
The U.S. International Development Finance Corporation (DFC) Board of Directors has approved $245 million in investments this quarter that address the climate crisis through innovation and climate-smart urban infrastructure and elevate businesses with loans and professional business management practices throughout Africa.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Stax Gets $2.2M for Its App That Lets Africans Make Transactions via Automated USSD Codes
Stax, a startup that allows Africans to buy airtime, send and request money, and transfer funds between accounts via automated USSD codes, has raised a $2.2 million seed extension round.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Actis Energy 5 secures $1.2 Billion Impact-Linked Financing
Actis has secured an impact-linked revolving subscription credit facility for its latest energy fund, Actis Energy 5.
- Region
- Sub-Saharan Africa
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Press Release: Malawi Takes Bold Steps to Increase Access to Solar Lights
We are pleased to report that, after lobbying the Malawian authorities, together with the Renewable Energy Industries Association of Malawi (REIAMA) and the wider solar sector, on the 18th February 2022, the Malawi Government took the decision to remove import duties (15 – 30%) on entry level solar lights.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Analysis: Development Finance Institutions Are Looking to Africa’s Digital Frontier for Impact and Returns
Development finance institutions have long funded traditional finance and infrastructure projects in Africa; now they’re increasingly backing Africa’s digital future. What will this mean for the continent?
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- startups
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Ethiopia Switches on Controversial Dam
Ethiopia has generated its first electricity from the Grand Renaissance Dam in defiance of Egypt and Sudan who fear it will decrease their access to Nile water.
- Region
- Sub-Saharan Africa
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M-KOPA Raises $75 Million as It Clocks 2 Million Customers Across Four African Markets
A 2019 World Bank report says 85% of Africans live on less than $5.50 per day. A large percentage of these adults are unbanked and underbanked.
- Region
- Sub-Saharan Africa
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GEF Council Approves US $74.3 Million Project to Reduce Deforestation in Liberia
The Global Environment Facility (GEF) Council has approved a US$74.3 million full-size child project under the GEF-funded Food Systems, Land Use and Restoration (FOLUR) Impact Program that is led by the World Bank.
- Categories
- Environment
- Region
- Sub-Saharan Africa
- Tags
- climate change
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