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A Blueprint for Closing the SDG Financing Gap: How to Raise $290 Billion in 12 Months to Tackle the World’s Biggest Problems
As of 2020, the annual SDG financing gap for developing countries stood at $4.2 trillion — up from $2.5 trillion pre-pandemic. And according to Chris Clubb at Convergence Blended Finance, though private capital is crucial to closing this gap, the $240 billion in annual public development finance only mobilizes around $44 billion in private investment, which covers just 1% of these countries' climate and SDG investment needs. He explores the core elements of Convergence's Action Plan for Climate and SDG Investment Mobilization, which shows how a small amount of public and philanthropic funding can catalyze private investment to more than double total climate and SDG financing in developing economies.
- Categories
- Environment, Investing
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Edves Announces a Strategic Partnership With “1 Million Teachers”
The partnership came about in order to address the dire teacher shortage worldwide and improve the quality of education in Africa.
- Categories
- Education, Technology
- Region
- Sub-Saharan Africa
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How Can Smart Cities Benefit Emerging Countries?
Creating and upgrading smart cities is seen as a key route to maintaining the standard of living in a sprawling city.
- Categories
- Energy, Technology, Transportation, WASH
- Region
- Global
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Forget about Mobile Money, Invest in Insurtech Instead: The Untapped Triple Bottom Line Opportunity in Nigeria
Nigeria has one of the lowest insurance penetration rates in the world, at just 0.5%. But as Brian Yu at Shecluded explains, this low uptake means the industry is poised for disruption and growth. He explores how insurtech innovators are addressing the key problems plaguing the sector — namely, a lack of accessibility, affordability and customer trust — and calls for funders to look past their traditional focus on mobile money and invest in the insurtech businesses that are transforming the way the industry serves low-income customers.
- Categories
- Finance, Investing, Technology
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China Intensifies Tech War With US With $500 Million Subsea Internet Cable
The escalating tech war between the two economic giants and may threaten global internet infrastructure.
- Categories
- Technology, Telecommunications
- Region
- Global
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Fintech TerraPay Secures $100 Million via Series B to Expand Payments Infrastructure
The funding will help TerraPay’s global expansion plans, especially across the LATAM and MENA regions.
- Categories
- Finance
- Region
- Global
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IFC Announces a Sustainable Loan of $160 Million to Produbanco to Support the Blue Economy in Ecuador
The loan will be used to promote the blue economy and boost access to financing for Small and Medium Enterprises (SMEs).
- Categories
- Environment
- Region
- Latin America
- Tags
- blue economy, ESG, global development, MSMEs, waste, water
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Press Release: Miller Center & AlphaMundi Foundation Partner to Accelerate Scaling for High-Performing Enterprises
The partnership builds on AMF’s expertise in gender and climate investing to provide structured blended finance products to scale small-to-medium enterprises (SMEs) in Africa and Latin America,
- Categories
- Education, Environment, Social Enterprise
- Region
- Global