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Nigeria: IFC, Union Bank to Support SMEs, Women-led Businesses
February, 28 2020
Nigeria - The International Finance Corporation (IFC), a member of the World Bank Group, yesterday, announced a $25 million local-currency investment in a risk-sharing facility to expand Union Bank of Nigeria’s lending to small and medium enterprises (SMEs) in Nigeria
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Rwanda to Make Bank Loans More Accessible for Individuals
February, 28 2020
Rwanda - Bankers attribute the relatively small number of people who seek loans to the limited number of formally banked population. However, economic analysts say that most major local banks in Rwanda focus more on serving corporations as opposed to individuals
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Africa: New Microfinance Group Launches
February, 27 2020
Global - The impact investment fund I&P Afrique Entrepreneurs, the Belgian Investment Company for Developing Countries (BIO) and ACEP-International have joined forces to create ACEP Group, a new microfinance group with a goal of empowering African entrepreneurs
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IFC Will Finance Rooftop Solar Power Projects in West Bank
February, 20 2020
West Bank - The International Finance Corporation (IFC) and Massader, a company established by the Palestine Investment Fund (PIF), signed a loan agreement to finance the construction of hundreds of rooftop solar power projects across the West Bank
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China’s Digital Revolution in Bank Lending
February, 20 2020
China - China has long recognized the importance of increasing SMEs’ access to finance. Now, online banks are providing the solution the country needs. This could be a boon not only for economic growth and innovation, but also for broader financial inclusion — in China and beyond
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Women Entrepreneurs in India May Help Create up to 170 mn Jobs by 2030
February, 18 2020
India - Women entrepreneurs in India can generate 150-170 million jobs by 2030, which is more than 25% of the new jobs required for the entire working-age population, according to a joint report released on Tuesday by Bain and Co. and Google titled Women Entrepreneurship in India—Powering the economy with her
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Impact Investing on Rise in Nordics, but Allocation Low
February, 17 2020
Northern Europe - Nearly half of Nordic institutional investors currently invest in impact funds – but on average allocate only a small part of their portfolios to these kinds of strategies, according to a study by NN Investment Partners (NN IP)
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ADB, European Union, and ASEAN Countries Partner to Boost Green Infrastructure
February, 13 2020
Southeast Asia - The European Union (EU) announced today it is preparing to support the Association of Southeast Asian Nations’ (ASEAN) Catalytic Green Finance Facility (ACGF) with €50 million ($54.9 million) to help governments prepare and catalyze public and private financing for climate-friendly infrastructure projects across Southeast Asia
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Peru’s Startup Scene Is Ready for More
February, 12 2020
Peru - With more startups coming out of Latin America's smaller, underserved markets, like Peru, there is an opportunity to deploy capital effectively and bring impactful solutions to millions of people across the region
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Is Fintech in Kenya Too Successful?
February, 11 2020
Kenya - Kenya’s fintech revolution has helped the country achieve near total financial inclusion, but are consumers really benefiting and are they adequately protected
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What It May Take to Engage Pension Funds to Finance the SDGs
February, 10 2020
Global - With the push to mobilize more capital to address the Sustainable Development Goals, the development community has increasingly discussed the need to engage pension funds, and while it is already experimenting with how to do that, there’s still a long way to go
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SunFunder Makes First Investment in Nigeria
February, 10 2020
Nigeria - Solar finance company SunFunder has announced its first disbursement in Nigeria, part of a facility of up to $4 million with commercial and industrial (C&I) solar developer, Daystar Power
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Cambodia: NBC Approves KB’s Investment in Prasac
February, 10 2020
Cambodia - The National Bank of Cambodia (NBC) approved KB Kookmin Bank’s investment in Prasac Microfinance Institution, according to senior official of the Prasac Microfinance Institution
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Thailand’s Constant Energy Raises $15m as Loan from GCPF
February, 06 2020
Thailand - Thailand’s independent power producer (IPP) Constant Energy has raised $15 million as a long-term senior secured loan from Switzerland-based investment firm Global Climate Partnership Fund (GCPF), according to a statement
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E. Hernandez, CGAP: Financial Inclusion for What?
February, 05 2020
Global - Within the financial inclusion community, there are growing efforts to review our understanding of what makes financial services valuable for poor people and the longer-term outcomes that the use of financial services can help them achieve
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East Africa: IFC Leads Buyout of AAR Healthcare
February, 05 2020
East Africa - A consortium led by the International Finance Corporation (IFC) is set to acquire a 54.23 percent stake in AAR Healthcare Holdings, the operator of hospitals and clinics in Kenya and other East Africa countries
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Cambodia: MFI Players to Boost Financial Inclusion in Kingdom
February, 05 2020
Cambodia - Cambodia Microfinance Association (CMA) announced the launch of a financial project with the goal of helping Cambodian people to access formal financial services through education, providing the microfinance sector with sustainable growth
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