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Press release: UK aid helps farmers across Africa grow their businesses and protect livestock
UK aid will transform the agricultural sector in African countries, including research and technology projects to tackle killer cattle diseases and create better paid jobs for farmers. A profitable agricultural sector is essential to African countries, contributing half of the continent’s total export value. The World Bank estimates the sector accounts for 20% of the continent’s entire GDP.
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
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Kenyan fintech Lendable secures $450k grant from Dutch development bank FMO
The convertible grant is being provided by the Dutch government through its MASSIF fund — which FMO manages. The fund aims to support small businesses, inclusive enterprises, women as well as youth entrepreneurs by financing local financial intermediaries and other institutions that contribute to development.
- Categories
- Finance
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China, US are not the only nations that support overseas development
Despite Beijing’s and Washington’s massive investment plans for Asia, they are not the first to support socioeconomic development programmes in the region or elsewhere.
- Region
- Asia Pacific
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Development Bank of Nigeria to provide low interest loans to 10,000 MSMEs
A statement from the DBN said the loan is part of measures aimed at addressing the financing challenges facing MSMEs in Nigeria.
- Region
- Sub-Saharan Africa
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Village Enterprise Closes Investment for First Development Impact Bond for Poverty Alleviation in Sub-Saharan Africa
"This DIB, which pays Village Enterprise for improvements in income levels of extreme poor households, is remarkable because of the ambitious outcomes it incentivizes…. We also hope to generate important lessons on how to effectively commission, adapt and scale promising poverty alleviation programs"
- Region
- Sub-Saharan Africa
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Viewpoint: Buzzwords and tortuous impact studies won’t fix a broken aid system
Fifteen leading economists, including three Nobel winners, argue that the many billions of dollars spent on aid can do little to alleviate poverty while we fail to tackle its root causes.
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Press release: Dutch FMO and Rabobank Foundation Finance Kenyan Start-Up Apollo Agriculture
Apollo Agriculture has received a USD 250,000 convertible grant from FMO’s MASSIF Fund, which aims to take early high-investment risks and act as a catalyst for the growth of the private financial sector and financial inclusion in developing countries. The Rabobank Foundation has provided the start-up with a USD 250,000 loan.
- Source
- Press release
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
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Report: ‘No clear evidence’ social impact bonds lead to better outcomes
SIBs work by attracting investment to fund projects, often involving charities and social enterprises, and reimbursing and rewarding the investors if the project is successful.
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