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Digital Financial Inclusion – Kenya and Nigeria Case Studies
July, 31 2020
Sub-Saharan Africa - Digital financial services are both broadening and speeding up financial inclusion in many African countries – a key factor in accelerating economic growth. This study looks at their development in Kenya and Nigeria and notes the differences in their impact
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Latin America: IDB Invest Funds LAAD Farmers
July, 30 2020
Latin America - IDB Invest, part of the Inter-American Development Bank (IDB), has granted a five-year, $30 million loan for Latin American Agribusiness Development (LAAD) to cover costs for small farmers hit by the COVID-19 pandemic
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Private Equity Prepares to Step Up as Africa Looks to Fund Its Recovery
July, 30 2020
Sub-Saharan Africa - The Southern African Venture Capital released its 2020 Private Equity Industry Survey report on Thursday. While the survey looked at fundraising, deal-making, and investments by the sector in 2019, SAVCA members say they don’t expect Covid-19 to dry up funding sources in 2020
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How to Mainstream Impact Investing in Europe
July, 27 2020
Global - Investors and policy makers who want to advance impact investing in Europe need to account for the field's different levels of maturity in national, subnational, and municipal markets
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Orange and NSIA Launch Orange Bank Africa in Côte d’Ivoire
July, 23 2020
Côte d'Ivoire - Orange Bank Africa will address the needs of a large part of the population, often excluded from the world of conventional banking, allowing them to borrow and save small amounts that are nonetheless essential for their everyday lives
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Philippines: AgriNurture Buys 51% of Fintech Firm
July, 22 2020
Philippines - Businessman Antonio Tiu-led AgriNurture Inc. (ANI) is taking over fintech firm Pay8 Inc. from the DFNN Group as part of a vision to “digitally transform” the agriculture and agrarian sector and usher farmers into the financial system
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India: MFIs See Gradual Ramp-Up in Collections - ICRA
July, 21 2020
India - Even though impacted by economic turmoil due to Covid-19, the country's microfinance institutions or MFIs have reported better-than-expected collection efficiency in June 2020, rating agency ICRA said on Tuesday
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Africa: EEP Africa Finances Redavia to Provide Solar Energy to Enterprises
July, 21 2020
Sub-Saharan Africa - Photovoltaic solar energy provider Redavia has recently received a €1.5 million loan from EEP Africa, a multi-donor fund hosted and managed by the Nordic Development Fund (NDF). This funding will enable Redavia to expand the deployment of its solar systems to businesses primarily in Ghana and Kenya
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Covid-19: A New Dawn for Impact Investing in Emerging Economies?
July, 21 2020
Global - While global investment is expected to fall sharply this year as a result of the coronavirus pandemic, impact investment – the funding of projects that generate a positive social or environmental impact, as well as a financial return – is tipped to hold relatively steady, and could play a key role in the recovery of emerging market economies
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IFC Finances City Bank to Help Bangladeshi Companies and SMEs Impacted by COVID-19
July, 19 2020
Bangladesh - The International Finance Corporation, or IFC, a member of the World Bank Group, is providing a loan of up to $30 million to The City Bank Ltd, a leading private commercial bank in Bangladesh, to provide financing for small and medium enterprises and corporate companies affected by the Covid-19 pandemic. This is expected to help keep their doors open and preserve jobs
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Impact Investing Won’t Save Capitalism
July, 17 2020
Global - Our governments have wasted nearly three decades ignoring the IPCC and other experts on climate change. We cannot waste another decade — not even a year — ignoring these economic realities
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Is There a Liquidity Crisis among MFIs, and If So, Where?
July, 16 2020
Global - The findings may come as a surprise: The liquidity situation among MFIs as of end April does not appear worse than before the crisis. More than half (56 percent) of MFIs would have no trouble covering a full year's worth of operations with the cash and liquid assets they have on hand
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Boao Forum for Asia Launched Asian Index of Financial Inclusion Ecosystem (AIFIE)
July, 16 2020
Asia - To further promote the development of financial inclusion in Asia, the Boao Forum for Asia (BFA) and the Asian Financial Cooperation Association (AFCA) jointly held the "Roundtable on Ecosystem Building and Digital Development of Financial Inclusion in Asia" and launched the BFA flagship report "Asian Financial Development Report on Financial Inclusion" on July 2 in Beijing, with support of Institute of Digital Finance (IDF) of Peking University.
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IFC Invests EUR 25mn in Ivorian Bank NSIA Banque Côte D’Ivoire
July, 13 2020
Côte d'Ivoire - The loan is IFC’s first investment in Côte d’Ivoire as part of its global COVID-19 fast-track financing support package, designed to help client financial institutions — and the thousands of smaller businesses they support—weather COVID-19-related disruptions.
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India: Impact Investing Touches $11 Bn; Helps 490 Million Lives in 10 Years
July, 13 2020
India - As per the study, impact investing has seen strong growth with USD 10.8 billion of equity capital flowing into the sector over the past decade, clipping 26 per cent in each of the first eight years and rapid growth over the past two years - helping as much as 490 million lead better lives.
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Fairfax Africa Holdings Enters Purchase Agreement with Helios Holdings Ltd
July, 11 2020
Sub-Saharan Africa - Canada-based Fairfax Africa Holdings Corporation has reached an agreement to merge with Helios Holdings limited, the Africa-focused private equity firm which was co-founded by Tope Lawani and Babatunde Soyoye. The purpose of the merger is to create a truly pan-African investment firm
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Assessing Gender Lens Investing in Blended Finance
July, 09 2020
Global - This year, Convergence analyzed how gender has been incorporated in the blended finance market, based on its database of over 530 blended finance transactions, the majority of which have launched since 2010
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Cambodia: PRASAC Gets $150 Million Bank Credit
July, 03 2020
Cambodia - Cambodian Securities Exchange (CSX)-listed PRASAC Microfinance Institution Plc received $150 million in credit facilities from South Korea’s KB Kookmin Bank to strengthen its capital base, liquidity and expand its lending
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New Spanish AM Venture Aims to Raise €50m for Impact Bets
July, 02 2020
Global -
The Luxembourg-domiciled fund, which is formally called the Global Social Impact (GSI) fund, will focus on business models in sub-Saharan Africa and will aim to expand into the Latin American market in the near future
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UK Government Development Bank to End Fossil Fuel Financing
July, 02 2020
United Kingdom - The CDC Group revealed its new climate strategy, which will end support for the most polluting fossil fuel projects, including the production of oil and coal, and channel almost a third of its spending towards climate finance
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India: RBI Outlines Norms for Special Liquidity Scheme for NBFCs, HFCs
July, 01 2020
India - Reserve Bank of India on Wednesday said the government has approved a scheme to improve the liquidity position of Non-Banking Financial Companies (NBFCs) and housing finance companies (HFCs) through a Special Purpose Vehicle (SPV) to avoid any potential systemic risks to the financial sector
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India: World Bank Approves $750mn to Aid MSMEs
July, 01 2020
India - The $750-million loan from the International Bank for Reconstruction and Development (IBRD) will be used to improve the funding capacity of key market-oriented channels of credit, such as the NBFCs and SFBs to help them respond to the urgent and varied needs of the MSMEs.
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