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Africa’s Debt Crisis Has ‘Catastrophic Implications’ for the World
Crushing obligations to foreign creditors that have few precedents have sapped numerous African nations of growth and stoked social instability.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Waza Secures $8 Million for B2B Payments Innovation in Emerging Markets
Waza, a B2B emerging markets payment platform, has successfully closed an $8 million funding round comprising both equity and debt.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Indonesia Relaxes Local Content Requirement for Solar Projects
The government of Indonesia has eased import rules for solar power plants in a bid to bolster the development of renewables projects.
- Categories
- Energy
- Region
- South Asia
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Regulatory Roadblocks are Holding Blended Finance Back: Here are Three Concrete Ways to Address Them
After hitting a 10-year low in 2022, blended finance flows bounced back to a five-year high of $15 billion in 2023. But despite this renewed momentum, Andrew Apampa at Convergence points out that blended finance faces a number of challenges that hinder its ability to scale — including the complex web of policies and regulations that deter highly regulated financial institutions from investing in emerging markets. He discusses these obstacles and presents some promising solutions, as outlined in Convergence’s State of Blended Finance 2024 report.
- Categories
- Investing
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UN Report Records First Drop in Energy Access in Decade
This is the first time the number of people without access to electricity increased in over a decade.
- Region
- Global
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Nobel Laureate Muhammad Yunus to Lead Bangladesh Interim Government
The microfinance pioneer has been tapped to lead an interim government after the ouster of PM Sheikh Hasina.
- Categories
- Finance
- Region
- Asia Pacific
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M&G Invests $100 Million in responsAbility’s Asia Climate Strategy
RespsonsAbility’s Asia climate strategy uses a blended finance structure, combining public funding with private capital.
- Categories
- Environment
- Region
- Global
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Water Scarcity Can’t be Solved by a Single Sector: How Businesses and NGOs Can Work Together to Advance Water Security
Around the world, 2 billion people still lack access to safe drinking water, and a staggering 3.6 billion people lack basic sanitation, as of 2021. Amelia Metcalf at Water Unite argues that the vast scale of these challenges has created an urgent need for collaborative action between water-focused non-profits/NGOs and for-profit businesses, especially corporations and larger enterprises. She explains how this sort of partnership can deliver benefits to both sides — while offering a key opportunity to combat water scarcity at a global scale.
- Categories
- Environment, Investing, WASH
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