-
Acumen Closes $58 Million Impact Fund, the First to Drive Climate Adaptation for Smallholder Farmers
The Acumen Resilient Agriculture Fund (ARAF) seeks to build an ecosystem of agribusinesses that improve farmers’ livelihoods and build their resilience to climate change.
- Categories
- Agriculture, Investing
- Region
- Sub-Saharan Africa
-
The Catch-22 in Global Health Finance: Why Medical Oxygen is the Test Case for Turning Aid into Investment
By most measures, medical oxygen in sub-Saharan Africa isn’t an investable market. As Alex Losneanu and Jason Houdek at Oxygen CoLab explain, providing medical oxygen is capital-intensive and operationally demanding. That means small- and medium-sized oxygen suppliers typically stall out or get absorbed into grant-funded programs instead of becoming commercially viable, and funders conclude that these SMEs are too fragile to justify the investment risk. They argue that this conclusion is wrong, and also self-fulfilling, reinforcing a Catch-22 that exists across global health. They share findings from a supplier mapping project that show how emerging business models are enabling oxygen SMEs to scale, and propose three shifts in how catalytic capital can be designed to support these and other businesses across the global health sector.
- Categories
- Health Care, Investing
-
Standard Bank Lands $327.1 Million African Development Bank Investment for SMEs in South Africa
According to Standard Bank, the 2024 facility had been fully utilised by December 2025, supporting 5,425 SMEs across sectors including agriculture.
- Categories
- Investing
- Region
- Sub-Saharan Africa
-
Miller Center Capital Invests in Koolboks to Expand Solar-Powered Cold Storage for Micro-Entrepreneurs in Ghana
The financing will help Koolboks fulfill a large purchase order from a leading multinational FMCG (fast-moving consumer goods) company that will distribute solar-powered chest freezers to microfranchise vendors in Ghana.
- Categories
- Investing, Social Enterprise
- Region
- Sub-Saharan Africa
-
Learning from the Corporate Playbook: Why NGOs Must Claim a Niche to Survive the Aid Recession
Global aid funding has dropped dramatically in recent years, while private sector funding in low-and middle-income countries has risen sharply. According to social innovations advisor Rajat Ray, this is not a temporary shift but a fundamental restructuring of how global development will be financed. He explores what this new reality means for NGOs and other grant-seeking organizations, arguing that unlocking private capital will require them to adopt the corporate principles of strategic positioning and niche specialization, shifting from broad thematic focus areas to high-impact, technical interventions that target specific needs.
- Categories
- Investing
-
When ‘Patient Capital’ isn’t Patient Enough: How Mismatched Funder Timelines in PAYGo Solar are Holding Back Energy Access in Africa
The energy access conversation in Africa is usually framed around deployment, with success defined by connection targets, cost reduction and rural reach. But Kolawole Osinowo at the FATE Institute argues that these goals don't address a binding constraint for companies working at the last mile: the time it takes for households to repay the solar assets they bought via PAYGo financing. As he explains, the PAYGo model spreads out payments for the benefit of the consumer, but it adds the cost of waiting to the provider’s balance sheet — and that cost later spreads to the company’s investors. And though much of the capital that supports energy access presents itself as patient, willing to wait for these PAYGo assets to be repaid, in practice, these investors often behave otherwise. He discusses the impacts of this mismatch, and explores how capital can be structured for better alignment with PAYGo timelines.
-
Egyptian E-Health Startup Reme-D Raises $1.45 Million Pre-Series a Funding
Founded in 2023 by Salma Tammam, Reme-D develops and manufactures molecular diagnostic tests for diseases including tuberculosis (TB), HIV, hepatitis, and HPV, with a focus on delivering affordable, temperature-resilient diagnostics for underserved markets across Africa.
- Categories
- Health Care, Technology
- Region
- Sub-Saharan Africa
-
Taking First-Loss Guarantees Further: Four Problems That Keep Social Enterprises Stuck, and How Entrepreneurship Support Organizations Can Address Them
Grants and equity dominate the conversation in impact finance, but according to Srinivas Ramanujam at Villgro, debt is often the most practical tool for social enterprises that are too large for a grant, but too small and early-stage for most equity investors. And since lenders face real and perceived risks around these companies' creditworthiness, first-loss guarantees can help make debt capital more accessible. However, he explains that a guarantee alone is not a silver bullet, and that the harder work involves solving the problems that keep enterprises stuck. He explores how Villgro has addressed four of these key challenges, highlighting takeaways for entrepreneurship support organizations and other intermediaries.
- Categories
- Investing, Social Enterprise
Subscribe to Our Weekly Newsletter, "NextBillion Notes"
Published each Wednesday, our e-newsletter features NextBillion's latest original articles, along with a selection of news, jobs, bizdev opportunities and events from our recent coverage — and regular conference ticket giveaways.
We respect your privacy. Your information is safe and will never be shared.
Don't miss out. Subscribe today.