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Context Instead of Carbon: Why Climate Finance in Africa Must Shift its Focus from Mitigation to Adaptation
Global climate action has long been framed through a binary lens: either mitigation or adaptation. As Sheena Raikundalia at Kuza One explains, this framework shapes how funding flows, how projects are designed and even how “success” is measured: Mitigation attracts the bulk of funding because it produces measurable carbon outcomes and enables high-emitting countries to meet their net-zero targets, while adaptation's local benefits are harder to quantify, commodify or sell. She argues that this imbalance risks turning African landscapes into carbon farms for the Global North, and also obscures the fact that many of Africa’s most climate-smart solutions could be promising investments — if the current financing architecture would support them. NOTE: In celebration of our 20th anniversary, NextBillion is highlighting key guest articles from our two decades online. We’re currently focusing on the healthcare sector: You can read these featured articles below.
- Categories
- Agriculture, Environment, Investing
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Analysis: A Defining Moment for African Economic Transformation
For the first time, the world’s largest economies gathered on the continent to examine the unfair cost of capital, the inefficiencies that block domestic investment, and the reforms needed to support Africa’s trajectory toward a more prosperous, equitable future.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Touchstone Partners Launches US $10 Million Green Transition Fund at Net Zero Challenge Finale
Each funded climate-tech startup in Vietnam and Southeast Asia will receive capital alongside coaching and strategic guidance from Touchstone Partners and its advisory network.
- Categories
- Environment, Technology
- Region
- South Asia
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South Africa Launches $100 Million Digital Inclusion Fund
Backed by a blended group of investors, the initiative aims to give entrepreneurs both capital and access to global networks.
- Categories
- Social Enterprise, Technology
- Region
- Sub-Saharan Africa
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Deetken Impact Expands Climate Finance Leadership as Canada Joins Inclusive Climate Action Fund
Deetken Impact, a leading Canadian impact investment firm, is proud to partner with the Government of Canada and announce their CAD$106 million commitment in the new Inclusive Climate Action Fund (ICAF).
- Categories
- Environment, Investing
- Region
- Global
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Financing Off-Grid Solar: A Pioneering Provider in Honduras Shows the Impact of Diversified Funding
Honduras is one of the poorest countries in Latin America and the Caribbean, and many of its most remote regions remain unserved by the electricity grid. Richenda Van Leeuwen at Hummingbird Green Solutions and Richard Stuebi and Jesse Colman at Boston University explore how Soluz Honduras is bringing freezers and other solar products to these markets by leveraging a variety of different financing models — an approach that shows how diversified funding can enable businesses to serve even the hardest-to-reach areas and the poorest of customers.
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Entrepreneur-Friendly Inclusive Finance: A Survey of Brazilian MSMEs Highlights Key Lessons for Lenders
In Brazil, impact-focused lenders like Estímulo are successfully reaching small and medium-sized enterprises (MSMEs) with inclusive lending approaches. But as Carla Grados-Villamar at 60 Decibels and Lucas Conrado at Estímulo explain, inclusive finance is not just about disbursing loans — it’s about understanding entrepreneurs’ realities and adapting accordingly. They share findings from 60 Decibels' interviews with over 400 Estímulo loan applicants, highlighting lessons lenders can use to improve business outcomes for borrowers, and prepare non-borrowers for future credit opportunities.
- Categories
- Finance
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Public Good vs. Profitable Exits: Why Public Innovation Agencies Must Stop Copying Venture Capital
A new class of venture capitalist is emerging, but they aren’t Wall Street financiers or Silicon Valley tech bros. As Emre Eren Korkmaz at the University of Oxford argues, they are public innovation agencies that are shifting their funding approach: Instead of supporting high-risk research and innovations aimed at delivering societal benefit, they have begun to adopt the logic of venture capital, favoring commercially viable projects that are more likely to secure follow-on private funding. He explores the downsides to this shift, arguing that the world needs these institutions to do what private capital cannot or will not: supporting innovation for the public good, not just for profitable exits.
- Categories
- Investing, Social Enterprise, Technology
