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KCB Bank Kenya and European Bank for Reconstruction & Development (EBRD) Sign US$100 Million Facility to Expand SME Financing
Under the framework, 35 per cent of the facility will be directed towards women and youth-led enterprises, while 30 per cent will finance eligible green investments, enabling businesses to adopt climate-smart technologies and sustainable business practices.
- Categories
- Agriculture, Environment, Finance, Investing, Social Enterprise
- Region
- Sub-Saharan Africa
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Korean Firm Kia Will Invest $649 Million in Mexico to Begin Production of Electric Vehicles in the Country
Economy Secretary Marcelo Ebrard said, “In a time of such uncertainty regarding the automotive industry, tariffs, new rules, etc., etc., the fact that this decision is being made means that this company, which is one of the most important in the world, is experiencing productivity in Mexico and is seeing opportunities and investment in the country, . . . ”
- Categories
- Energy, Transportation
- Region
- Latin America
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ADB and Partners Power Timor-Leste’s Energy Future with Landmark Investment in Solar and Battery Storage
The landmark investment—which is also Timor-Leste’s first independent power producer project —will be operated by Manatuto Renewables Power and will help to transform the country’s energy landscape by reducing reliance on imported diesel.
- Region
- South Asia
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OPEC Fund Provides $50 Million Loan to Vietnam’s SeABank for Small Business and Climate Financing
In a statement on Monday, SeABank said the loan can help it increase lending to micro, small, and medium-sized enterprises, which account for around half of employment in Vietnam but continue to face a significant financing gap.
- Categories
- Finance
- Region
- South Asia
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Analysis: Your Next Nurse May Monitor You From the Philippines
The country has grown into a “clinical process outsourcing powerhouse … [and] a premier global hub for supporting overstressed international healthcare systems,” JL Botor, president of HIMAP, told Rest of World.
- Categories
- Health Care, Technology
- Region
- Global
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Kenyan Startups Fuzu and Kyosk Secure Funding from Jobtech Alliance
Jobtech Alliance, an ecosystem-building initiative around inclusive jobtech in Africa steered by Mercy Corps and BFA Global, aims to create an enabling environment for entrepreneurs to build platforms that deliver quality livelihoods, are inclusive, and enable users to engage in decent work.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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MIGA, Deutsche Bank Partner to Increase Trade Finance in Frontier and Emerging Markets with EUR 1 Billion Guarantee Platform
The platform is not only seeking to expand access to trade finance but also has targets to direct a meaningful share of the trade finance volume enabled by MIGA's participation toward priority areas, including International Development Association (IDA) countries and Fragile and Conflict-affected Situations (FCS), small and medium enterprises (SMEs), agriculture, health, and water.
- Categories
- Finance
- Region
- Global
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19 Firms Get $1.5 Million Grant to Boost Solar-Powered Businesses in Africa
The programme which aims to deploy 3,800 productive use appliances, including solar-powered water pumps, refrigerators and milling machines, while creating over 3,000 green jobs across the three countries.Eight Nigerian companies were among the beneficiaries selected for the initiative.
- Region
- Sub-Saharan Africa
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