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A Blueprint for Closing the SDG Financing Gap: How to Raise $290 Billion in 12 Months to Tackle the World’s Biggest Problems
As of 2020, the annual SDG financing gap for developing countries stood at $4.2 trillion — up from $2.5 trillion pre-pandemic. And according to Chris Clubb at Convergence Blended Finance, though private capital is crucial to closing this gap, the $240 billion in annual public development finance only mobilizes around $44 billion in private investment, which covers just 1% of these countries' climate and SDG investment needs. He explores the core elements of Convergence's Action Plan for Climate and SDG Investment Mobilization, which shows how a small amount of public and philanthropic funding can catalyze private investment to more than double total climate and SDG financing in developing economies.
- Categories
- Environment, Investing
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How Timberland, Vans, VF Corporations Are Making Sure Their Cotton Isn’t ‘Greenwashed’
VF Corp., which owns Timberland, Vans and The North Face, bought the first-ever verified regenerative cotton crop in Haiti earlier this year with the help of the Smallholder Farmers Alliance.
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
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Amazon to invest USD 1.7 Billion in South Africa
The group published a new economic impact study (EIS) which outlined AWS Africa's projected forecast of investment to construct, operate, and maintain its cloud infrastructure in South Africa.
- Categories
- Investing, Technology
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Dozer Raises $3 Million In Seed Funding
The new funding will contribute to the scaling of product and engineering teams.
- Categories
- Investing, Technology
- Region
- Asia Pacific
- Tags
- data, infrastructure, scale
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Rwazi, A Market Intelligence Firm, Raises $4 Million In Seed Funding
The funding will help the startup with planned product launches and market expansion.
- Categories
- Investing, Telecommunications
- Region
- Sub-Saharan Africa
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Avanti Finance Secures $24 Million Equity Funding From Rabo Partnerships, IDH Farmfit Fund
The funds will provide support for the company to provide affordable and localised credit products for smallholder farmers in India.
- Categories
- Agriculture, Finance, Investing, Technology
- Region
- Asia Pacific
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Press Release: Pacto Closes US $4 Million Seed Funding to Grow Restaurant Point of Sale and Payments Software in Mexico City
With its cloud-based software and a range of payment options, Pacto is helping restaurants and bars manage their operations and grow their revenue and tips.
- Categories
- Technology
- Region
- Latin America
- Tags
- data, digital inclusion, innovation, MSMEs, startups
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Africa Data Centres Signs 20-Year Solar Energy Partnership With Distributed Power Africa
Distributed Power Africa will supply 12MW of renewable solar energy for Africa Data Centres facilities in South Africa.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
- Tags
- data, energy access, innovation, renewable energy, solar
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