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Press Release: IFC and ACCIONA Partner to Boost Sustainable Infrastructure in Emerging Markets
ACCIONA is committed to sustainability and innovation, with a strong focus on reducing greenhouse gas emissions and promoting resilient infrastructure.
- Categories
- Energy, Investing, Transportation, WASH
- Region
- Latin America
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$100 Billion for Progress: Inside IDA’s Largest Replenishment Yet
Now an IDA donor, South Korea increased their contribution to IDA21 by 45% from the last funding cycle.
- Categories
- Environment, Finance
- Region
- Global
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CarDekho SEA Raises First-Ever Outside Funding, Co-founder Says He’s Interested in Acquisitions
Unlike its peers, CarDekho SEA acts as a comprehensive aggregator for auto financing services.
- Categories
- Transportation
- Region
- South Asia
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Education-Focused NBFC Varthana Raises $15 Million From BlueOrchard
The funds, raised under the external commercial borrowings framework, will support Varthana’s lending portfolio.
- Categories
- Education
- Region
- Asia Pacific
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ADB Partners With MSEL To Build 20-MW Solar Power Plant In Bangladesh
The funding includes a $15.5 million loan from ADB and an $8.8 million loan from the Leading Asia’s Private Infrastructure Fund 2.
- Categories
- Energy, Technology
- Region
- Asia Pacific
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OPEC Fund Signs $394 Million Sustainability-Linked Loan with ETC Group to Support Smallholder Farmers in Africa
The funds aim to boost ETG’s working capital, enhance food systems, and support the livelihoods of over 600,000 smallholder farmers across sub-Saharan Africa.
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
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Kenya’s Hustler Fund Is a Flop. Why President Ruto’s Plan to Loan Money to Entrepreneurs Hasn’t Worked
The Kenya government acted as a micro-lender via the Hustler Fund, which was applauded by the financial inclusion lobby as a way to correct failures in the credit market.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Navigating the Financing Paradox for WSMEs: Workable Solutions for Increasing Financial Inclusion Among Women-Owned or -Led Small and Medium-Sized Enterprises
In Africa, an estimated $42 billion financing gap exists for small and medium-sized enterprises owned or led by women (WSMEs). According to Nathalie Gogue-Ebo, Crystal Mugimba, Millie Maina and Shiemaa Ahmed at Open Capital, this gap has persisted despite the fact that women own the majority of the continent’s SMEs, and that globally, they default on their loans at a rate 53% lower than men. They explore the main roadblocks facing African WSMEs, and share some solutions that can ensure that these women entrepreneurs have access to the capital they need to thrive.
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