IFC Lending $16mln to BT Mic to Support Romanian MSEs
January, 31 2020
Romania - International Finance Corporation (IFC) said it is providing $16 million (14.5 million euro) to Romania's BT Mic to improve access to finance for micro and small enterprises (MSEs) and toward financial inclusion of women-owned small businesses in the country ...
How Digital Financial Services Can Prey upon the Poor
January, 30 2020
Global - For those seeking to help the worst-off in poor countries, the mobile phone has been a magic wand. Mobile-money accounts have helped deliver “financial inclusion” — making financial services accessible to the tens of millions with a phone but no bank account. But they have downsides too ...
The Power of AI in Emerging Markets
January, 28 2020
Global - Artificial intelligence is forecast to contribute $15.7 trillion to the global economy by 2030, delivering socioeconomic value to all sections of society over the coming years. And a substantial share of this total will accrue to emerging economies ...
BlackRock, Partners Unveil USD-500m Climate Fund
January, 22 2020
Global - A group of private firms, charities and national government has committed to raising at least USD 500 million (EUR 451m) for a new fund that will target climate-related infrastructure investments in emerging markets ...
CDC Adds $400 Million of Investments in Africa Push
January, 21 2020
Africa - UK government-owned finance agency the CDC Group has signed $400 million (£308.1 million) worth of African investment deals, part of a wider drive by Britain to develop new trade ties as it prepares to leave the European Union ...
Kenya: The Country Impact Investors Cannot Afford to Ignore
January, 20 2020
Kenya - Kenya is in the sweet spot now. It is still eligible for Official Development Assistance (ODA), as a lower middle-income country. Yet it has been progressing fast towards middle-income country status. It is vital that Kenya takes advantage of this to leverage more private sector investment ...
World Bank Issues First Bond Denominated in Rwandan Franc
January, 20 2020
Rwanda - With this transaction, the World Bank is contributing to the development of the country's local capital market and providing an opportunity for international investors to purchase a World Bank bond while gaining exposure to the growing Rwandan economy through the currency ...
Opinion: Don’t Expect the Earth from Fund Managers on Climate Change
January, 19 2020
Global - Governments may like the idea of subcontracting decarbonisation to financial markets. But in practice, it is the politicians who must take the lead. They alone can mandate the necessary regulatory changes, encourage new technologies, and establish the fiscal framework from which a new energy system can emerge ...
AIIB and Singapore Build for Project Finance
January, 15 2020
Asia - Asian Infrastructure Investment Bank and Clifford Capital have launched a new financing platform to remove some of the pressure on banks. It will also position Singapore as a leader in the sector ...
IFC Extends $213m Debt Financing for Vietnam’s VPBank
January, 14 2020
Vietnam - International Finance Corporation (IFC) is extending a $212.5-million financing package for Vietnam-based VPBank to expand the latter’s lending to small and medium enterprises (SMEs) as well as financing for climate-related projects ...
Predicting a ‘Kilo of Impact’
January, 10 2020
Global - Instead of relying on measurement to prove the value of a past investment, determining the value of an intervention before it has even started allows investors to factor in social impact alongside calculations of financial value ...
Pakistan: Microfinance - The Next 8 Million
January, 09 2020
Pakistan - Pakistan Microfinance Network (PMN), the national association of microfinance providers, expects coverage to reach 8 million active borrowers by this year's end. PMN estimates addressable market at almost 41 million active borrowers and 6 million micro enterprises ...
African Digital Credit Goes West
January, 06 2020
West Africa - The age of digital credit has arrived in West Africa. Customers from Abuja to Accra are increasingly turning to their mobile phones for quick access to funds, and digital lenders are pointing to growing portfolios and relatively low default rates ...
French Development Agency Supports African SMEs with USD30 Million
January, 01 2020
Sub-Saharan Africa - The French Development Agency (AFD) is to provide about USD30 Million through the African Guarantee Fund for Small and Medium-Sized Enterprises (AGF), to improve access to credit to small and medium-sized enterprises (SMEs) throughout Africa. ...