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Mirova Invests $15 Million in African Solar Energy Provider
The funding will help pay for the construction of the firm’s pipeline of projects, aimed at boosting access to renewable energy.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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Replacing Old Technologies or Creating New Markets?: The Pros and Cons of Two Paths to Impact for Productive Use of Energy
Productive use of energy (PUE) technologies have the potential to unlock higher incomes and reduce reliance on more costly, non-renewable energy sources in rural and low-income communities. Dan Waldron, Chris Emmott, Yash Vardhan Gaddhyan and Ruth Wairimu at Acumen discuss the advantages and disadvantages of two different paths to impact for PUE: replacing inefficient, fossil fuel-based incumbent technologies, vs. disrupting entire markets with innovative PUE approaches.
- Categories
- Energy, Environment, Investing, Technology, Transportation
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Bharat Biotech Collaborates With US-Based Alopexx to Develop Antimicrobial Vaccine
As part of the collaboration, the companies will co-develop and commercialise the vaccine— AV0328— in India and other licensed territories.
- Categories
- Health Care
- Region
- Asia Pacific
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Solving the Funding Challenges of Indian MSMEs: The Advantages of Founder-Friendly Non-Dilutive Financing
About 30% of India’s GDP is generated by micro, small and medium enterprises (MSMEs), which provide jobs for more than 110 million people and account for around 50% of the country’s exports. But as Bhavik Vasa at GetVantage points out, a drop in private equity and venture capital investments has led many of these entrepreneurs to shift towards more founder-friendly types of non-dilutive capital. He discusses the funding challenges facing Indian MSMEs, and why alternative forms of non-dilutive financing are uniquely suited to these businesses' needs.
- Categories
- Finance, Investing, Technology
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Angolan Sovereign Wealth Fund (FSDEA) Commits Investment to BFA Asset Management’s Kimbo Fund
With a fundamental objective to support the growth of companies led by young people and women, Kimbo Fund aims to contribute to filling value chains, promote job creation, strengthen financial inclusion, and improve access to financing.
- Region
- Sub-Saharan Africa
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Ghanaian Fintech Fido Closes $30 Million in Series B Funding Round
Fido is exploring mobile technology and different data sources to provide quick micro-loans to individuals and SMEs who can’t access traditional bank credits.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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ANDE, IKEA Foundation Award Grants to Boost Waste and Circular Economy Investment in Kenya and India
Six entrepreneur support organizations in Kenya and India will receive funding from a new Investment Innovation Fund to catalyze investment in waste and circular economy businesses.
- Categories
- Agriculture, Education, Energy, Environment, Finance, Health Care, Impact Assessment, Investing, Social Enterprise, Technology, Telecommunications, Transportation, WASH
- Region
- Global
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HR Startup WorkPay Secures $5 Million Series A Funding to Scale Across Africa
The HR startup provides a comprehensive cloud-based solution for managing human resources and payroll, targeting small and medium-sized businesses (SMBs) in Africa.
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
- Tags
- business development, innovation, MSMEs, scale, startups
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