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Zambian Startup Widenergy Raises New Funding to Scale Its Impact
Zambian startup WidEnergy, a woman-led for-profit social enterprise dedicated to female empowerment and the expansion of affordable energy access, has raised a new round of funding to help scale its impact.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Data + Digitization: The Key To Helping African Banks and Microfinance Institutions Support Their Customers During COVID-19
Thanks to COVID-19, the IMF projects 2020 to be the worst year for Africa's economic growth since its record-keeping began in 1970. And concerns are also mounting about the likelihood of an increase in non-performing loans, which will impact businesses, industries and individuals across the continent. Cate Rung at Pngme explores how financial technology – including a unified data API platform – can help banks and microfinance institutions weather this crisis, while delivering services that comply with social distancing measures.
- Categories
- Coronavirus, Finance, Technology
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Press Release: CrossBoundary Energy Fully Exits First Fund at 15% Net Internal Rate of Return (IRR), Raises $40 Million To Continue To Scale Financed Solar for Businesses in Africa
CrossBoundary Energy (CBE) today announced the exit of its first fund at a 15% net IRR to investors. ARCH Emerging Markets Partners’ Africa Renewable Power Fund (ARCH ARPF) is providing $40M in new equity funding to exit initial investors and support CrossBoundary Energy to continue to develop, construct and operate distributed commercial & industrial (C&I) solar projects that will provide businesses across Africa with access to cheaper, cleaner power.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Press Release: The State of Blended Finance 2020 Addresses Ways To Turbocharge the Market To Achieve Scale and Advance the SDGs
Convergence, the global network for blended finance, launched the 4th edition of the State of Blended Finance today.
- Categories
- Investing
- Tags
- blended finance, impact investing, scale, SDGs
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Analysis: How Emerging Markets Can Become Green Economies
This article discusses these micro and macro ways of providing impetus to green/renewable projects through financial and structural solutions
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Press Release: Impact Investors With Social Enterprises: The European Social Innovation and Impact Fund Launches After a Successful First Closing
It is more important than ever before to support the ramp-up of social innovation and boost investments into early-stage social enterprises. The European Social Innovation and Impact Fund (ESIIF) will immediately strengthen impact investing in the European Union, helping to ensure that outstanding impact business models are poised to scale sustainably.
- Categories
- Investing
- Region
- Europe & Eurasia
- Tags
- impact investing, scale
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Press Release: Villgro Africa Pioneering Social Entrepreneurship in Healthcare and Life Sciences
Villgro Africa, an impact investor that inspires, nurtures, and scales innovation by offering customized technical assistance and investments to early stage social entrepreneurs in Africa today celebrated its 5th anniversary as they go beyond their boundaries to serve the rest of Africa.
- Categories
- Health Care, Investing
- Region
- Sub-Saharan Africa
- Tags
- impact investing, scale, SDGs
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Press Release: The ABC Fund Scales Agriculture SMEs in Kenya and Uganda With $2 Million Revolving Credit Facility for FACTS
The Agri-Business Capital (‘ABC Fund’) has signed an agreement for a $2 million revolving credit facility to FACTS Advance BV (‘FACTS’) to provide short-term trade finance solutions for SMEs in Kenya and Uganda primarily operating in the agriculture sector.
- Categories
- Agriculture, Finance
- Region
- Sub-Saharan Africa
- Tags
- financial inclusion, scale
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