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LOLC Finance Secures $10m New Cross-Border Funding from Swedfund
December, 23 2019
Sri Lanka - LOLC Group subsidiary, LOLC Finance PLC (LOFC) has signed a loan agreement with Swedfund, the Swedish Government’s Development Finance Institution (DFI) to receive a total of $ 10 m in a deal facilitated by UK and US based Emerging Markets Global Advisory Ltd. (EMGA).
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Georgia: EIB Approves EUR 15 Mln Loan to JSC Liberty Bank
December, 23 2019
Georgia - The European Investment Bank (EIB) and JSC Liberty Bank, signed a Loan Agreement within the framework of the EU4Business Initiative. Funds under this facility will be used to finance Small and Medium Enterprises operating in Georgia.
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India: ESAF SFB to File Papers for IPO
December, 22 2019
India - Kerala-based ESAF Small Finance Bank (SFB) is set to file a draft prospectus by December-end for a ₹1,000 crore initial public offering (IPO), two people aware of the matter said, requesting anonymity
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Uganda, Ghana, Botswana Top on Women Business Owners in the World - Mastercard Index
December, 19 2019
Sub-Saharan Africa - The third edition of the Mastercard Index of Women Entrepreneurs (MIWE) has listed three African countries as global leaders in terms of women-owned businesses. Uganda, Ghana and Botswana are ranked as the top three countries with the highest percentages of women-owned businesses across the 58 markets evaluated around the world
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AIIB Allocates USD 200m for Renewables, Energy Efficiency in Turkey
December, 17 2019
Turkey - The bank will be providing long-term financing to privately owned companies in the country through the Development and Investment Bank of Turkey. Funds will be used for projects based on wind, solar, geothermal and biomass sources as well as energy efficiency schemes
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Myanmar: New Microfinance Bill Submitted for Approval
December, 16 2019
Myanmar - "The bill aims to support people in rural areas, eradicate illegal loan associations and provide financial assistance to local businesses involved in agricultural and livestock activities", said the Member of Parliament who submitted the draft bill
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Here’s How Community Lending Could Help Refugees Find Their Feet
December, 12 2019
Global - Entrepreneurship is often proposed as the ideal way for refugees to achieve financial independence; while others say savings and lending services is the key. The ideal solution may, in fact, be a blend of those two approaches working in tandem
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Nasdaq Offers Fund Managers a Green Bonds Beauty Parade
December, 10 2019
Global - Nasdaq, the US stock exchange group, has launched a public platform for companies and governments to publish details about the sustainable bonds they issue in order to give fund managers more information when they invest
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EBRD, GCF Roll Out Climate Finance Line for Serbia’s UniCredit Leasing
December, 10 2019
Serbia - EBRD revealed they secured EUR 20 million for climate mitigation and resilience projects through UniCredit Leasing Srbija Doo. The leases will cover investments in technologies such as energy-efficient agricultural, commercial, drip irrigation and rainwater harvesting equipment
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$120m Growth Fund to Boost African Off-Grid Solar Power Companies
December, 10 2019
Sub-Saharan Africa - The Shell Foundation together with the Dutch entrepreneurial development bank, FMO, have announced the launch of the $120 million Energy Entrepreneurs Growth Fund (EEGF), with an initial close of $45 million, providing catalytic financing for early to growth stage companies in sub-Saharan Africa operating in the access to energy ecosystem
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Sri Lanka’s LOLC Prepares to Sell Its Biggest Overseas Unit
December, 09 2019
Sri Lanka - LOLC Holdings Plc, Sri Lanka’s second-largest publicly traded company by revenue, plans to sell its stake in a unit in Cambodia and use the proceeds to fund acquisition of microfinance firms in emerging markets from Brazil to India
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Foundations and Family Offices Create a Fund to Support Impact Investing
December, 05 2019
Global - Key investors and philanthropic supporters of impact investing have joined forces to announce a new grant-making vehicle intended to strengthen the integrity of investing practices for social and environmental good, and to scale the movement to reach a broader array of investors.
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African Development Bank to Launch $270m Fund for Social Impact Investors
December, 05 2019
Sub-Saharan Africa - The Social Investment and Impact Fund for Africa, raised from the European Union and from other development finance institutions, was agreed just last week. It will provide guarantees and equity investments of between $2.3 and $5m to intermediaries that finance social businesses, as well as grants for technical assistance. It will not invest directly into social enterprises
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Could Agriculture and Forestry Be the New Frontier for Green Bonds?
December, 04 2019
Global - As the green bond market continues to expand, and pressure on the agricultural and forestry sectors to sustainably increase production grows, green bonds targeting land use could become a larger feature in the market. However, there are challenges to overcome--not least, the scale of greenhouse gas (GHG) emissions from the sector
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EM Debt in the 2020s — Investing in an Unstable World
December, 04 2019
Emerging markets - Emerging Market debt is closing the decade on a strong footing. With double-digit total returns and below-average volatility, investors have enjoyed a solid performance this year, prompting capital to flood back into the asset class after a difficult 2018
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ADB Loans to Help Improve Access to Housing Finance in Uzbekistan
December, 03 2019
Uzbekistan - The Asian Development Bank (ADB) has approved $200 million in loans that will help the Government of Uzbekistan reform its housing finance programs and provide families with more affordable mortgage products, ADB’s Country Office in Uzbekistan said
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India: IFC Invests $200m in Mahindra Finance to Create a Pool to Fund MSMEs
December, 02 2019
India - World Bank Group’s subsidiary International Finance Corp (IFC), on Monday, invested $200 million in Mahindra & Mahindra Financial Services Ltd (Mahindra Finance), as part of its plan to create a dedicated pool of financing for micro, small and medium enterprises (MSMEs) in low-income states
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