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Apr 2021
Bangladesh Launches First Green Bond
April, 12 2021
Bangladesh - With the World Bank celebrating the success of a solar home system installation program which has provided electricity to an estimated 20 million people, an NGO has floated a near-$12 million environmental investment which could drive further PV capacity ...
Nigerian Fintech Appzone Raises $10m for Expansion and Proprietary Technology
April, 12 2021
Nigeria - Typically, African financial institutions rely on using foreign technology solutions to solve their problems. But issues around pricing, flexibility to innovate, and a lack of local tech support always come up. This is where Appzone has found its sweet spot ...
South Africa: MTN Targets Valuation of at Least $5bn for Mobile Money Arm
April, 12 2021
South Africa - South Africa’s MTN, the continent’s biggest mobile phone company by subscribers, is looking to value its mobile money arm at more than $5bn as it prepares to sell or list a minority stake to draw global investors enticed by fast-growing fintech assets ...
India: Northern Arc Capital Raises $25 Million Debt from FMO
April, 09 2021
India - Microfinance borrowers in both urban and rural areas will be key beneficiaries of FMO’s investment, the debt financing platform said in a press release ...
Big Brands Join $1-Billion Forest Conservation Push for SE Asia
April, 09 2021
South-East Asia - The Rimba Collective, developed by Lestari Capital, a Singapore-based impact investment firm, will fund projects that protect and restore more than 500,000 hectares (1.2 million acres) of tropical forests in Indonesia and the region ...
India: Avanti Finance Raises $26 MN in Series A and Debt Funding Round Co-Led By Oikocredit and Nomura
April, 08 2021
India - The platform will use the funds to strengthen its platform and expand its presence to accelerate livelihood’s purpose credit and other financial products to the next 100 million unserved and underserved households in India ...
Bangladesh: Brac Receives $50m Investment from Dutch Development Bank FMO
April, 08 2021
Bangladesh - The five-year facility will be fully earmarked to the financing of the NGO's microfinance portfolio, said Tushar Bhowmik, CFO of Brac, in a press release issued by Brac on Wednesday ...
DLM Capital Group to Tap Into Nigeria’s Fintech Opportunity, Acquires MFB License
April, 07 2021
Nigeria - Leading developmental investment bank, DLM Capital Group, has today announced its plans to expand into Nigeria’s million-dollar fintech sector following its acquisition of Links Microfinance Bank ...
India: Northern Arc Investments Announces IFMR FImpact Investment Fund Closure
April, 07 2021
India - Northern Arc Investments on Tuesday announced the successful maturity and closure of IFMR FImpact Investment Fund, the first fund from its investment platform, and the very first private credit fund from India focused on the microfinance sector ...
Cambodia: ABC, CMA Set Out Six Debt Relief Measures
April, 07 2021
Cambodia - The Association of Banks in Cambodia (ABC) and Cambodia Microfinance Association (CMA) on April 7 ordered members to adopt six measures of financial relief in light of the economic fallout and depressed incomes caused by the February 20 community transmission of Covid-19 ...
Africa: Baobab+ Raises €4m to Distribute Its Solar Kits in Two Countries
April, 07 2021
Sub-Saharan Africa - Solar home systems provider Baobab+ has just completed two rounds of financing for its expansion in Senegal and Ivory Coast. As part of these transactions, the French company has secured €4 million from two investors ...
Kiva Capital Management Announces Final Close of Kiva Refugee Investment Fund to Scale Lending to Fragile Communities Globally
April, 07 2021
Global - Kiva Capital Management, the impact-first fund management subsidiary of non-profit Kiva.org, announced today the successful final close of the Kiva Refugee Investment Fund, LLC, a $32.5 million facility to scale lending to fragile communities globally ...
Ribbit Capital Leads $26.7M Round for Brazilian Fintech Cora
April, 05 2021
Brazil - Cora, a São Paulo-based technology-enabled lender to small and-medium-sized businesses, has raised $26.7 million in a Series A round led by Silicon Valley VC firm Ribbit Capital ...
Dutch Development Bank FMO to Invest $137 Mn in India’s Green Growth Equity Fund
April, 02 2021
India - Dutch development bank FMO will invest $137 million (about ₹1,000 crore) in India’s Green Growth Equity Fund (GGEF), managed by EverSource Capital, while the fund aims to raise a total of $940 million ...
Mastercard’s Airtel Investment Spotlights Africa’s Mobile Money Boom
April, 01 2021
Africa - The mobile payments surge is global in scope, touching all regions and countries. That’s especially apparent in Africa, where as reported Thursday (April 1), Airtel Africa is getting a $100 million investment from Mastercard that valued the platform at roughly $2.7 billion, and which would give Mastercard a 3.7 percent stake in the firm ...
Uganda’s Tugende Closes a $3.6M Series A Extension to Meet Asset Finance Demand
April, 01 2021
Uganda - Tugende has also raised $20 million in debt capital to grow its portfolio. Among its debt partners are Partners Group Impact Investments, Symbiotics, US International Development Finance Corporation, Frankfurt School Financial Services, Global Social Impact Fund, Yunus Social Business, and Oikocredit ...
Root Capital Secures $35 Million from DFC to Expand Lending to Rural Agribusinesses
April, 01 2021
Global - The U.S. International Development Corporation, formerly known as OPIC, is investing $35 million in the Cambridge, Mass.-based social lender to finance smallholder farmers in low- and middle-income Latin America, sub-Saharan Africa and Southeast Asia. ...

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