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IFC Invests in IIX’s Women’s Livelihood Bond™ 7 to Fund High-Impact Women Enterprises in South and Southeast Asia
The subordinated debt will be invested through the Advancing Gender Equality, Resilience, Opportunity and Inclusion Worldwide (GROW) facility, in partnership with the Government of Canada.
- Categories
- Investing
- Region
- South Asia
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U.S. Program to Combat HIV/Aids Survives Latest Round of Cuts
Earlier versions of a spending cuts package passed through Congress targeted PEPFAR. But the White House, concerned about defections, agreed to spare the foreign aid program.
- Categories
- Health Care
- Region
- Global
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Brazil’s Neon Raises $129 Million in Series E Extension Round
Founded in 2016, Neon provides digital accounts, credit cards, personal loans, and investment products to customers in Brazil.
- Categories
- Finance, Technology
- Region
- Latin America
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AfDB, Partners Launch $264 Million Infrastructure Project in Southern Nigeria
The five-year plan includes rehabilitating 248 km of roads, restoring two erosion sites, and implementing solid waste management through public-private partnerships.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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IFC, BOAD and BII Invest in West Africa’s First Multi-Country Securitization to Boost MSME Financing
Proceeds from the XOF52 billion ($90.4 million) bond will help NSIA Banque Benin expand its MSME loan portfolio across Benin, Senegal, and Togo.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Wave Raises $137 Million in Debt to Expand Mobile Money Services Across Africa
Wave's mobile-first approach, centred on low fees, has helped bring millions of previously unbanked individuals into the formal financial system.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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FMO Funds Ugandan E-motorbike Company
FMO has disclosed an approved loan of up to $1 million to Zembo Motorcycles.
- Categories
- Energy, Transportation
- Region
- Sub-Saharan Africa
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Sierra Leone Launches Landmark $180 Million Water Security and Wash Access Project
Structured in three progressive phases, the initiative provides a clear roadmap for achieving nationwide water security and sanitation access.
- Categories
- WASH
- Region
- Sub-Saharan Africa
- Tags
- development finance, employment, sanitation, SDGs, water