19 December 2023


Dec 19
Surge in EU Sustainable Fund Upgrades Prompts Call For Regulation
The EU has been urged to set “precise” guidelines for funds to determine whether an investment is sustainable after an unprecedented number of products upgraded the proportion of sustainable investments they hold. According to Morningstar, 294 Article 8 funds revised their commitment between July and September, a rise from 190 in the previous quarter.
Source: Financial Times
Dec 15
COP28: Pledges Aplenty, Now for the Action
While much has been made of the resistance of petrostates -whose leaders include Saudi Arabia and summit host United Arab Emirates (UAE) – to any mention of phasing out fossil fuel use altogether in the final communique, the outcome of the summit has been broadly welcomed as an important step towards accelerating the energy transition, albeit with the crucial caveat that a lot more still needs to be done.
Source: Impact Investor
Dec 14
Mexico: Kapital Raises $40 Million Equity and $125 Million Debt Financing to Power AI Driven Financial Platform for SMEs
Kapital, a global bank and tech platform, announced today that it has closed an oversubscribed $40 million Series B equity financing round and $125 million debt raise. Tribe Capital led the Series B, with participation from Cervin Ventures, Tru Arrow, MS&AD Ventures, Alumni Ventures among others.
Source: PR Newswire
Dec 14
IFC And Proparco Join Forces to Strengthen Food Supplies in Several African Countries
IFC and Proparco today signed a risk-sharing agreement covering a package of trade finance operations worth a joint USD 200 million. As part of this deal, Proparco will now participate up to 50% in certain GTFP (Guaranteed Trade Finance Program) exposures of IFC, on the African continent.
Source: IFC
Dec 14
Azerbaijan: AccessBank and Global Climate Partnership Fund Launch Pioneering “Green Economy” Initiative
AccessBank, the leading bank for micro, small, and medium-sized enterprises (MSMEs) in Azerbaijan, and the Global Climate Partnership Fund S.A., managed by responsAbility Investments AG, have signed a senior unsecured loan agreement with the first committed tranche of AZN 8.5 million. In accordance with the agreement, the loan proceeds will be directed to promote financing of energy efficiency and renewable energy projects of the MSME businesses in Azerbaijan.
Source: Trend News Agency
Dec 14
C. Grados Villamar, 60 Decibels: Why This Latin American Venture Fund Is Listening to Customers to Drive Impact and Returns
ALIVE Ventures, an impact investment fund manager based in Latin America, bet on a deeper approach, going beyond asking portfolio companies to report operational metrics. Throughout the last five years, while investing their first Fund, ALIVE has demonstrated that a deeper impact measurement strategy is not only attainable, but highly beneficial to all stakeholders.
Source: ImpactAlpha
Dec 13
Indonesia: Rare Unveils World’s First Impact Bond for Small-Scale Fisheries
The SSF Impact Bond will be scaled through three rounds, mobilizing up to US$160 million to protect, restore and sustainably manage thousands of hectares of coastal ecosystems. The impact bond’s launch is targeted for early 2024. Importantly, this first-of-its-kind SSF Impact Bond will de-risk future investment in small-scale fisheries and the blue economy.
Source: Rare
Dec 13
First-of-a-Kind USD$100MLN Electrification Platform to Transform Millions of Lives in Africa
Game-changing partnership between super-platform Bboxx and Kuwait’s EnerTech delivers electrification platform to turbocharge Bboxx’s on-the-ground impact across 11 markets
Source: ZAWYA
Dec 12
DealShare, Indifi Backer Omidyar Network To Exit India
Investment firm Omidyar Network, a backer of leading Indian startups such as 1mg, Bounce, Indifi, DealShare, HealthKart, and Pratilipi, is shutting down its India operations. Omidyar Network India confirmed the development in a statement, saying it will “completely transition out of the market by the end of 2024”.
Source: Inc42
Dec 12
IIX’s Women’s Livelihood Bond™ 6 Breaks New Ground with US$100 Million Issuance as the Largest Orange Bond in the Market, Expected to Empower over 880,000 Women and Girls in the Global South
Since its 2017 inception, the WLB Series has been a beacon of progress, mobilizing a total of US$228 million, including WLB6, and dedicated to empowering up to 2 million women and girls in the Global South.
Source: Impact Investment Exchange (IIX)

If you are not on our mailing list but would like to receive this NewsWatch, you can register through this form: Subscribe

Our linkedIn profile

© 2023 Tameo - Impact Fund Solutions. All rights reserved.
Rue de l'Arquebuse 12, Geneva 1204, Switzerland.

For questions regarding Tameo's treatment of personal data,
please refer to our Privacy Notice.

Tameo - Impact Fund Solutions