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Africa Finance Corporation Secures USD $100 Million Facility From Findev Canada, Marking Its Inaugural Transaction in the Canadian Market
The facility will strengthen AFC’s funding base and support a growing pipeline of renewable energy and low-carbon transport projects across Sub-Saharan Africa, further expanding the Corporation’s commitment to climate-resilient infrastructure development.
- Categories
- Energy, Environment
- Region
- Sub-Saharan Africa
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Right Decision, Wrong Reasons: The Way Forward from the Attack on Global Aid
The global aid system is fracturing, with profound implications for the roughly 4 billion people who live on less than $7 a day — and especially for the 120+ million who have been forcibly displaced from their homes. But as Simon Marot Touloung, Elana Banin and Jakob Øster argue, while recent attacks on the system may be overly simplistic, they point to a real issue: Humanitarian aid had failed to evolve, and it is structurally incapable of catalyzing the long-term economic transformation displaced communities need. They explore some market-based alternatives to traditional aid, and propose five principles to guide the transition from the failing aid model toward new approaches that can actually deliver resilience and dignity.
- Categories
- Investing
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Nigeria Anchors Africa’s $3 Billion Solar Push Amid Grid Collapse
In a sign that Nigeria may soon anchor West Africa’s energy leap, four states on Tuesday, October 14, inked solar mini-grid agreements as part of a sweeping push behind a $3 billion renewable energy fund.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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World Bank Chief ‘Not Certain’ Developing Nations Can Leapfrog With AI
World Bank Group President Ajay Banga is skeptical about AI's leapfrogging opportunity, but experts believe that while challenges exist in Africa, so do opportunities for advancement.
- Categories
- Agriculture, Health Care, Technology
- Region
- Sub-Saharan Africa
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The Bank of Industry and Bumpa to Empower 200 Youth-led MSMEs
"The collaboration, implemented under the youth and skills thematic area of the bank, aims to address the critical challenge of market access for young entrepreneurs . . . "
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Report: Reimagining the Future of Entrepreneurship Support in East Africa
A new report from WDI, "Reimagining the Future of ESOs in East Africa," integrates insights from accelerators, incubators, investors, ESO donors and intermediaries in the East African entrepreneurship ecosystem.
- Categories
- Education, Energy, Environment, Health Care, Investing, Social Enterprise, Technology, Transportation
- Region
- Global
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Razorpay, NPCI, and OpenAI Join Forces to Enable ChatGPT UPI Payments in India
Razorpay partners with OpenAI and NPCI to test ChatGPT-based agentic UPI payments for seamless shopping.
- Region
- Asia Pacific
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Moneyboxx Finance Signs MoU with Water.org to Strengthen WASH Financing for Underserved Communities
The partnership aims to design and scale affordable financing solutions for micro and small enterprises engaged in the Water, Sanitation, and Hygiene (WASH) sector, enabling improved access to clean water and sanitation for low-income communities across India.
- Categories
- WASH
- Region
- Asia Pacific
- Tags
- MSMEs, nonprofits, partnerships, sanitation, scale, water
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