5 December 2023


Dec 4
Sub-Saharan Africa: Mastercard Africa Growth Fund to Invest $27 Million in VestedWorld, Chui Ventures, and SME Impact Fund
Three Africa-focused investment firms have received investment approvals from the Mastercard Africa Growth Fund. The three firms — Chui Ventures, VestedWorld, and SME Impact Fund — will receive $9 million, $10 million, and $8 million, respectively, from the Africa Growth Fund, bringing the total number of funds to five.
Source: Techpoint Africa
Dec 4
Joint Declaration and Task Force on Credit Enhancement for Sustainability-Linked Sovereign Financing
World's top multilateral development banks and other international organizations have signed a joint declaration and launched a global "task force" to boost sustainability-linked sovereign financing for nature and climate at COP28.
Source: Climate Champions
Dec 4
ADB Launches Nature Solutions Finance Hub for Asia and Pacific at COP28
Partners that have expressed interest in supporting the hub through financing or technical expertise and joined the launch include the OPEC Fund for International Development, Agence Française de Développement (AFD), the Saudi Fund for Development, ASEAN Catalytic Green Finance Facility, the International Union for Conservation of Nature, Nature Finance, The Nature Conservancy, Worldwide Fund for Nature, Birdlife International, and Conservation International.
Source: Devdiscourse
Dec 4
Hong Kong to Launch Second Round of Tokenised Green Bonds to Inject Some Momentum into Economy, Chief Banker Tells Summit
The issuance of green bonds and green loans in Hong Kong has risen from US$11 billion two years ago to more than US$80 billion in 2023, Yue said. More such bonds and loans will be issued in the future, he added.
Source: South China Morning Post
Dec 1
UAE Aims for COP28 Finance Splash with $30 Billion Fund
The UAE said Alterra aims to mobilize $250 billion by the end of the decade. BlackRock Inc., Brookfield and TPG will be inaugural launch partners for Alterra. The group has committed $6.5 billion to climate-dedicated funds for global investment, including in the developing world. Some of that cash is already earmarked for renewable projects in India.
Source: Bloomberg
Nov 30
IFC Issues $1.5 Billion Social Bond to Support Low Income Communities in Emerging Markets
The transaction represents IFC's largest ever social bond, with its largest ever order book. It is also the largest US dollar social bond issued by a supranational this year. This is IFC's first US dollar denominated social bond benchmark in 2023, complementing the organization's Canadian dollar and Australian dollar social bond benchmarks issued earlier this year.
Source: IFC
Nov 30
Salesforce Ventures and Female Founders Fund Back Kenyan Climate-Tech Amini in $4M Seed Round
Amini, a Kenya-based climate-tech startup bridging the environmental data gap in Africa, has raised $4 million in a seed funding round led by Salesforce Ventures and the Female Founders Fund. Climate-tech VC Satgana also participated, alongside other investors, including Pale Blue Dot and Superorganism, which had previously backed the startup in its $2 million pre-seed round earlier this year.
Source: TechCrunch
Nov 29
Pan-African VC Firm EchoVC Launches of $2.5m Pre-seed Climate-Focused Fund
EchoVC, a seed and early-stage technology venture capital firm focused on investing in underrepresented founders and underserved markets, has introduced its latest pre-seed fund vehicle, EchoVC Eco Pilot Fund I, which will make investments in climate and energy ventures.
Source: Disrupt Africa
Nov 28
Impact Disclosure Taskforce Created to Scale Financing of the United Nations Sustainable Development Goals
The guidance supports entities committed to addressing development needs and reducing global inequality to access growing pools of sustainable capital. The Taskforce anticipates releasing the voluntary Impact Disclosure Guidance for public consultation in April 2024.
Source: BusinessWire
Nov 28
Inclusive Voluntary Carbon Markets Could Finance a Just Transition
New CGAP research suggests that voluntary carbon markets (VCMs) hold the potential to finance a green transition across the developing world. Companies are leveraging VCMs to realize a transition that is not only green, but also just – using revenue from the sale of carbon credits to make green technologies and practices more accessible, affordable, and attractive to those who have contributed the least to a changing climate.
Source: CGAP

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