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The Asian Development Bank (ADB) joined the Global Energy Alliance for People and Planet (GEAPP) to announce $35 million to help boost energy access and the energy transition in South and Southeast Asia.
Asian Development Bank Joins GEAPP To Provide $35 Million For Energy Access And Transition In South And Southeast AsiaBlog Post
Nigeria has one of the lowest insurance penetration rates in the world, at just 0.5%. But as Brian Yu at Shecluded explains, this low uptake means the industry is poised for disruption and growth. He explores how insurtech innovators are addressing the key problems plaguing the sector — namely, a lack of accessibility, affordability and customer trust — and calls for funders to look past their traditional focus on mobile money and invest in the insurtech businesses that are transforming the way the industry serves low-income customers.
Forget about Mobile Money, Invest in Insurtech Instead: The Untapped Triple Bottom Line Opportunity in NigeriaNews
The fund will focus on investing in Web3-friendly venture capital and outstanding Web3 projects, with the goal of supporting the development of the next generation of crypto projects.
Press Release: Bitget Launches $100 Million Web3 Fund to Support Next-Generation Crypto Projects in AsiaCalendar Event
Africa Venture Capital Summit 2023Calendar Event
GTR West Africa 2023: A New Dawn: Plotting a Course for West African TradeNews
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 Smallholders
