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IFC Supports Expansion of Financing for Kenya’s Small Businesses through the First Catalytic First Loss Guarantee Transactions in Africa
The CFLG is an innovative program delivered under IFC's $4 billion MSME Platform, enabling IFC to provide first-loss coverage to partner financial institutions by leveraging blended finance through the International Development Association's Private Sector Window (IDA PSW).
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Korean Firm Kia Will Invest $649 Million in Mexico to Begin Production of Electric Vehicles in the Country
Economy Secretary Marcelo Ebrard said, “In a time of such uncertainty regarding the automotive industry, tariffs, new rules, etc., etc., the fact that this decision is being made means that this company, which is one of the most important in the world, is experiencing productivity in Mexico and is seeing opportunities and investment in the country, . . . ”
- Categories
- Energy, Transportation
- Region
- Latin America
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BasiGo and Rubis Energy Kenya Partner to Expand EV Charging Infrastructure Across Kenya
The partnership is deploying high-power DC Fast Chargers, which will serve BasiGo Electric buses while also being available to the public.
- Categories
- Energy, Technology, Transportation
- Region
- Sub-Saharan Africa
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Press Release: Increasing Our 2026 Allocation to GiveWell’s Recommendations to $1 Billion
Via Coefficient Giving: "This $1 billion will nearly double the cumulative funding we have previously committed to GiveWell’s recommendations over the last decade. Based on GiveWell’s estimates, we believe that funding has saved over 100,000 lives."
- Categories
- Health Care
- Region
- Global
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PolicyStreet Raises US $5 Million to Expand Insurance for Gig Workers and SMEs
BlueOrchard's investment reflects growing interest in businesses that combine commercial growth with measurable social impact, particularly around financial inclusion and access to essential services.
- Categories
- Finance, Investing, Technology
- Region
- South Asia
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MIGA, Deutsche Bank Partner to Increase Trade Finance in Frontier and Emerging Markets with EUR 1 Billion Guarantee Platform
The platform is not only seeking to expand access to trade finance but also has targets to direct a meaningful share of the trade finance volume enabled by MIGA's participation toward priority areas, including International Development Association (IDA) countries and Fragile and Conflict-affected Situations (FCS), small and medium enterprises (SMEs), agriculture, health, and water.
- Categories
- Finance
- Region
- Global
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Abiki Brokers Joins Forces with FasterCapital to Revolutionize Insurance in Sub-Saharan Africa
By focusing on affordability, simplicity, and accessibility, the startup empowers low-income individuals and SMEs to access essential financial protection and teleconsultation directly from their mobile devices.
- Categories
- Health Care, Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Xoom, a PayPal Service, and Flutterwave Enable Direct Money Transfers to Nigeria
By combining Xoom’s expansive reach with Flutterwave’s local compliance and banking partnerships, the two companies are providing a more accessible financial corridor for the continent.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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