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Press Release: Bangladesh-Based Clean Energy Firm SOLshare Successfully Closes US$1.1M Financing Round With Support From IIX Impact Partners
IIX Impact Partners – the world’s most successful debt and equity crowdfunding platform for impact investing – has supported Bangladesh-based off-grid solar energy firm SOLshare in closing a US$1.1 million financing round. Investors include innogy New Ventures LLC – the venture capital investment arm of the German utility firm innogy SE— the investment arm of Portuguese utility firm EDP Ventures, as well as new angel investors from around the world. Funding will be used to bring smart solar microgrids to off-grid, underserved communities in Bangladesh, putting SOLshare on track to positively impact 2.5 million people by 2023.
- Categories
- Energy, Finance, Technology
- Region
- Asia Pacific
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Viewpoint: Low Internet Access Is Driving Inequality
Covid-19 and the great lockdown triggered a mass migration from analog to digital and highlighted that access to the Internet is crucial for socioeconomic inclusion.
- Categories
- Coronavirus, Technology
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Press Release: Developing Countries Could Lose Out as Automation Competes With Low-Cost Labour
The COVID-19 pandemic will accelerate the rise of industrial automation and enable manufacturers in developed countries to compete with low-cost labour in the developing world; multinational corporations are already considering repatriating some manufacturing production as a result of the unprecedented disruption the pandemic has caused to global value chains; developing countries must respond by developing local industrial capabilities with new technologies and skills that will allow them to become more integrated into world trade.
- Categories
- Coronavirus, Technology
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Viewpoint: The Real Impact of COVID-19 on Emerging Markets
When COVID-19 began to spread uncontrollably, numbers of confirmed cases initially grew most quickly in developed economies across China, Europe and then the US. It took some time to reach the door of some of the world’s most prominent emerging markets but, now it has, the impact is set to be much longer-lasting.
- Categories
- Coronavirus, Health Care, Impact Assessment
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A Digital Lifeline in a Public Health Crisis
To mitigate the profound disruption to life and livelihood caused by efforts to contain the virus, governments must rapidly scale social support to vulnerable households.
- Categories
- Coronavirus
- Region
- South Asia
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Four Key Challenges Facing India’s Local Energy Enterprises During COVID-19 – And 16 Ways Funders Can Help
COVID-19 has had a devastating impact on last-mile energy companies. SELCO Foundation recently conducted surveys and conversations with 33 local Indian energy enterprises about the challenges they're facing. Sarah Alexander explores what these businesses shared about how governments, investors, philanthropies and other stakeholders can support them.
- Categories
- Coronavirus, Energy, Finance
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How to Fix Capitalism: Start by Seeing Black Businesses as the Investment Opportunity They Are
In light of the George Floyd killing and the disproportionate impact of COVID-19 on Black communities, many are searching for ways to address systemic racism in the U.S. According to Tynesia Boyea-Robinson at CapEQ, one way to do this is to support and invest in Black businesses. She explores how investments in these businesses could add $55 billion to the U.S. economy and create 600,000 new jobs.
- Categories
- Entrepreneurship, Investing
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Impact Investing Slowed to a Crawl in 2nd Quarter
Impact investing’s decline accelerated in the second quarter, as the twin blows of COVID-19 and social protests hit the sector in different ways.
- Categories
- Coronavirus, Impact Assessment
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