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The OPEC Fund for International Development (the OPEC Fund) has approved more than $300 million in new financing in the first quarter of 2023 for funding Climate Action Plan.
OPEC Fund Okays $300 Million for Funding Climate Action PlanNews
Seed investor and accelerator Flat6Labs, has launched a new $95 million Africa Seed Fund (ASF) to nurture the growth and development of African early-stage tech startups.
Press Release: Flat6Labs Launches $95 Million Seed Fund to Back Early-Stage Startups in AfricaBlog Post
Nepal's topography and climatic conditions make it uniquely prone to natural disasters. As Maria Perdomo at UNCDF explains, these disasters threaten the country's economic development, and smallholder farmers and rural women are disproportionately affected. She discusses a UNCDF pilot program that brought agricultural insurance coverage to Nepali smallholders, and shares learnings from the program that could inform efforts to deliver insurance to farmers in other climate-vulnerable countries in Asia and beyond.
Bringing Agricultural Insurance to Climate-Vulnerable Farmers: A Unique Pilot Program in Nepal Shows How to Unlock the Benefits of Index-Based Insurance for SmallholdersNews
The Sustainable Energy Fund for Africa (SEFA) of the African Development Bank has approved a technical assistance grant of $5.03 million.
Press Release: African Development Bank’s SEFA Approves $5 Million in Grants to Set up Super Energy Service Companies in Three CountriesNews
Legal & General Capital has taken a significant minority stake in women-led impact investment advisory firm ImpactA Global.
Women-Led Emerging Markets Infrastructure Firm Gets Backing From L&GBlog Post
India will soon become the world’s most populous country and third-largest economy, and it is a bright spot in an otherwise gloomy global economic forecast. But as international development consultant Abhirup Bhunia points out, the labour force participation rate for women in India is just 24% — far lower than most countries. He argues that India will not realize its potential if women’s economic participation fails to increase, and explores how the country can leverage international trade and digitalisation to empower women to drive its emergence as a global economic powerhouse.
Addressing India’s Economic Achilles Heel: Leveraging Trade and Digitalisation to Boost Women’s Labour Force ParticipationBlog Post
Confronting the world’s vast energy and climate challenges can be daunting, but a new generation of innovative entrepreneurs are developing the skills to tackle this threat head-on. Sandra Draheim at the William Davidson Institute (WDI) argues that business case studies are a key teaching tool for these young leaders. She shares nine energy and climate-related case studies from WDI Publishing (available at 50% off through March 31), and invites readers to take part in WDI's Energy Innovation in Low- and Middle-Income Countries Global Case Writing Competition, which offers cash prizes ranging from $1,000 to $3,000 to the three winners.
Preparing Young Leaders to Solve the World’s Energy Challenges: Insights From Nine Business Case Studies Highlight Paths to a Sustainable FutureNews
These companies will now begin construction on their proposed solar projects, all of which are designed to connect businesses and services to a clean, affordable, and reliable electricity source.
Press Release: Universal Energy Facility Provides Grants to Solar Projects Across Nigeria, Helping SMEs While Saving Thousands of Tons of Carbon Emissions per Year
