7 November 2023


Nov 7
The Philippines: ACEN Makes Available $25 Million Facility for Micro Grids
The joint venture between the company and Norfund is aimed to fund projects of Yoma Micro Power (YMP) in the Philippines. YMP is a Southeast Asia-focused distributed renewable energy company that powers more than 600 telecom towers with reliable and cost effective renewable energy.
Source: Philstar Global
Nov 6
Africa: Norrsken22’s Tech Growth Fund Closes over Target at $205M
The Kigali-based Norrsken22 has closed its first African technology growth fund at US$205 million, surpassing its target of US$200 million. Norrsken22 is focused on entrepreneurs developing fintech, ed-tech, e-health, and market-enabling solutions that will deliver strong returns and have a positive impact across Africa.
Source: Disrupt Africa
Nov 6
World Bank to Host New Climate Fund That’ll Support Affected Countries
The World Bank has been chosen to host a new fund for loss and damages (L&D) caused by climate change. The fund, which will support developing countries impacted by climate change, will be based on voluntary contributions from wealthy nations.
Source: Times of India
Nov 4
A. Saldinger, Devex: Child-Lens Investing: A New Field Aims to Link Money to Impact on Kids
UNICEF and other development organizations are laying the groundwork to get investors to track how their funding impacts children and then change their practices as a result.
Source: Devex
Nov 4
IDB Chief Goldfajn Sees Latin America, Caribbean Poised for Stronger Growth
IDB President Ilan Goodfajn told Reuters the bank would play a big role in that growth after signing three new agreements with the U.S. in the areas of migration, biodiversity and steps to mobilize more private sector investments.
Source: Reuters
Nov 3
IFC and DFC Invest in Pomona Impact Fund II to Foster Growth of SMEs, Strengthen Private Equity Markets in Central America
IFC and DFC's backing, with $7.5 million in equity investment from each institution, will enhance Pomona's support for SMEs in the agriculture, education, health, and water sectors, among others. The $30.5 million fund will provide organizational and operational support for businesses and help create value, while also promoting women-owned and managed companies. Mainly focused on Central America, the fund will also evaluate relevant projects in Mexico, Ecuador, and Colombia.
Source: IFC
Nov 2
Egyptian Healthtech Startup Almouneer Raises $3.6 Million
The startup will use the funding to expand its product offering and grow its team to address growing issues of prediabetes and obesity in Africa and the Middle East.
Source: Techloy
Nov 2
E. Teague, Root Capital: Scaling Climate Finance for Smallholder Agriculture: Lessons Learned from Partnering with Farmer-Allied Businesses
Small deal sizes, high transaction costs and high risk relative to other sectors already limit the flow of capital to smallholder agriculture. Increasing risk and uncertainty tied to climate change only compound this longstanding market failure, with potentially devastating consequences for vulnerable communities.
Source: NextBillion
Nov 1
Verqor Secures $7.5m to Revolutionise Mexico’s Agri-Fintech Space
Verqor is changing the agricultural landscape by offering cashless credits to farmers, empowering them to purchase essential farming inputs like fertilisers, agrochemicals, and organic products. Notably, a majority of its users have accessed credit for the first time through Verqor.
Source: Fintech Global
Oct 31
Peru: Swiss Impact Investor Backs Superfruits Producer
Swiss impact investment manager responsAbility Investments has invested $24m (€22.6m) in Peruvian grower and supplier of superfruits Agrovision Corp through its Sustainable Food Latin America Fund. Agrovision is one of two holdings in the fund to date, with the first investment of $25m (€23.5m) made in April this year in Campos Borquez, the first regenerative organic certified farming operation in Mexico.
Source: Impact Investor

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