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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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Press Release: BlueMark Raises $10 Million in Series A to Accelerate Adoption of Its Market-Leading Impact Verification Services, Benchmarks, and Analytics
S&P Global leads Series A round, alongside other new investors including Temasek Trust Capital, Blue Haven Initiative, Gunung Capital, and Tsao Family Office.
- Categories
- Investing
- Region
- Global
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SME Growth Lab Partners with Shecluded to Empower African Female Entrepreneurs
As part of the 2023 IWD, SME Growth Lab Africa and Shecluded launched an only-female accelerator to provide a ₦1 million shared grant to five African entrepreneurs.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Analysis: Combatting India’s Learning Crisis Through Innovations in Financing: ‘How’ We Fund Is as Important as ‘What’ We Fund
Over the last few years OBF has created a paradigm shift for the way that capital is deployed to solve for intractable development challenges such as learning poverty.
- Categories
- Education, Investing, Technology
- Region
- Asia Pacific
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Visa Foundation Commits $5 Million to Support Women Entrepreneurs in Africa
Visa Foundation says it expects to contribute $5 million in grants and impact investments in Africa that will support women’s participation in the digital economy.
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
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Press Release: DFC Approves More Than $655 Million of Investments to Bolster Infrastructure, Energy Security, Food Security, and Healthcare in Q2 of FY2023
The transactions will support U.S. foreign policy and development priorities across the globe.
- Categories
- Energy, Investing, Technology
- Region
- Global
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Equator Secures $40 Million in Commitments for Fund Targeting Climate Tech Startups in Africa
Despite the role technologies play in improving the world’s environmental footprint, raising venture capital has proved chiefly hard in years past.
- Categories
- Environment, Investing, Technology
- Region
- Sub-Saharan Africa
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Oxfam Novib and Goodwell Target East African Startups With €20 Million Pepea Fund
The fund will provide financing to early-stage startups in Kenya, Uganda, and Ethiopia.
- Categories
- Agriculture, Finance, Technology, Transportation
- Region
- Sub-Saharan Africa
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