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USAID, Keurig Green Mountain, Cooperative Coffees, Starbucks and Root Capital Launch $23 Million Fund to Fight Coffee Rust
The U.S. Agency for International Development (USAID), in partnership with Keurig Green Mountain, Inc., Cooperative Coffees, Starbucks and Root Capital, today launched the Coffee Farmer Resilience Fund to leverage $23 million in financial assistance for more than 40,000 coffee farmers combatting the devastating coffee rust outbreak in Latin America and the Caribbean. Since 2012, coffee rust has affected more than two million people in Latin America, causing an estimated $1 billion in economic damages which could lead to 500,000 job losses.
- Categories
- Agriculture
- Tags
- impact investing
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Singapore Billionaire Bets Big on Energy in Africa, Asia
In September 2007, almost a year after New Zealand–born billionaire Richard Chandler founded investment firm Orient Global in Singapore, he made a rare appearance at a forum on social responsibility.
- Categories
- Energy
- Tags
- impact investing
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World Bank gives $1.4 mn in grants to 12 social enterprises in the Northeast
The World Bank's Development Marketplace, a competitive grants programme, has given grants worth $1.4 million (about Rs 8.4 crore) to 12 social enterprises in the northeastern states of Assam, Meghalaya and Mizoram for development activities.
- Categories
- Uncategorized
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Woori to buy Cambodian microfinance institution
Woori Bank has decided to acquire Cambodia’s microfinance institution Malis Finance for 5 billion won ($4.9 million) to accelerate its global expansion.
- Categories
- Uncategorized
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Growing ranks of high net-worths committed to social investment
The number of high net-worth individuals (HNWI), those that have $1 million (£0.6m) or more of investable assets, has grown worldwide by 15% in the last year and the overwhelming majority are seeking to use their money to have a positive social impact.
- Categories
- Impact Assessment
- Tags
- impact investing
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Myanmar: Adjusting for growth in the financial sector
Authorities in Myanmar are determined to foster economic progress and have placed financial inclusion on their list of priorities.
- Categories
- Uncategorized
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Nigeria: Stakeholders Raise Concern Over Slow Adoption of Mobile Money
Stakeholders at the ongoing Card, ATM and Mobile Expo, which opened in Lagos on Tuesday, have raised concern over the slow adoption of the mobile money payment system in the country.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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World Bank Group offers $1.4m to 12 social enterprises in North-East
The World Bank Group will give $1.4 million to 12 social enterprises in the North-East, working on access to affordable healthcare services, education, water and sanitation services.
- Categories
- Impact Assessment
- Tags
- impact investing
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