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The African Development Bank Injects $117.3 Million to Transform Cocoa Sector in Côte d’Ivoire Amid Sustainability Push
For farmers in Côte d’Ivoire, particularly youth and women in rural areas, the facility represents more than financial relief.
- Categories
- Agriculture, Investing
- Region
- Sub-Saharan Africa
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How India’s Non-Bank Financial Companies are Closing the MSME Credit Gap — And What Other Emerging Markets Can Learn from Their Success
Micro, small and medium-sized enterprises (MSMEs) make up around 90% of businesses and employ over half of the workforce globally, while generating up to 40% of GDP and creating 70% of formal jobs in emerging markets. Yet according to Sameer Nanda at Ugro Capital Limited, these businesses face an ongoing credit gap that, in India alone, amounts to an estimated ₹80 trillion. He explains how non-bank financial companies are addressing this gap by offering dynamic and flexible lending services designed for MSMEs — and shares useful lessons from their approach that can be applied in other emerging economies with similar credit challenges.
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IFAD Surpasses the US $1 Billion Mark in Sustainable Bonds
Since June 2022, IFAD has issued twelve sustainable bonds through private placements to pension funds, asset managers and central banks from five countries in Europea, Africa and Asia in four currencies (US$, EUR, SEK and AUD).
- Categories
- Agriculture
- Region
- Global
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BII Commits $20 Million to Acumen’s Hardest-to-Reach Initiative
The platform aims to expand access to affordable, reliable energy in underserved African markets.
- Region
- Sub-Saharan Africa
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Viewpoint: Ghana’s “Mission 300” Energy Pledge: Ambitious Words, but Oversight Must Deliver Action
"For such a pledge to succeed, we must demand transparency, accountability, and protection of Ghana’s long-term interests."
- Region
- Sub-Saharan Africa
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Cambodia’s ATEC Raises $15.5 Million in Funding Round Co-Led by Lightrock and TRIREC
The rollout will focus on Bangladesh, Cambodia, Malawi, and Nepal, entrenching ATEC’s presence in Asia and Africa.
- Categories
- Energy, Investing, Technology
- Region
- South Asia
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Jacqueline Novogratz and Acumen Raise $300 Million For Off-Grid Solar In Africa
Backers include Green Climate Fund, IFC, Shinhan Bank, Nordic Development Fund and Soros Economic Development Fund.
- Categories
- Energy, Social Enterprise
- Region
- Sub-Saharan Africa
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IFC Seeks $300 Million to Fund Electricity Mini-Grids in Africa
The International Finance Corp. is setting up an entity aimed at lowering the cost of mini grids in Africa, to accelerate plans to connect 300 million Africans to electricity by 2030.
- Categories
- Energy, Finance, Technology
- Region
- Sub-Saharan Africa