17 October 2023


Oct 16
Brazil: Companies Face Intensifying Scrutiny over Greenwashing
As investors gobble up green debt, companies and their underwriters are under scrutiny. The latest investigation into questionable green debt comes from Unearthed, Greenpeace UK’s investigative journalism division, which shone a light on an obscure corner of the green debt market in Brazil.
Source: Financial Times
Oct 16
Rite Water of India Nets $8M in Equity from Incofin via Water Access Acceleration Fund
Founded in 2006, Rite Water specializes in water purification systems and mobile water dispensers. Through 2023, the firm’s products have reached 2 million people in 12 states via 2,500 purification units. With the investment from W2AF, Rite Water is planning to expand into Africa.
Source: MicroCapital
Oct 13
Climate Finance Provided by MDBs Reached New Record High in 2022: New Report
In 2022, $60.7 billion of MDB climate finance was allocated for low-income and middle-income economies. $38 billion, or 63% of this total, was for climate change mitigation finance and $22.7 billion or 37% was for climate change adaptation finance. The amount of mobilized private finance stood at $16.9 billion.
Source: Devdiscourse
Oct 12
Morocco: Mediterrania Capital Partners Co-invests in CASH PLUS
Mediterrania Capital Partners, a private equity firm focused on growth investments for SMEs and mid-cap companies in North Africa and Sub-Saharan countries, has invested €57m in Moroccan financial services provider CASH PLUS together with FMO, the Dutch entrepreneurial development bank, and IFC, a member of the World Bank Group.
Source: Africa Global Funds
Oct 12
A. Liko, CEO and Co-founder, Pesapal: A $200 Billion Opportunity - What Payment Data Shows about the Rise of Africa’s Digital Economy
Africa’s digital economy is growing rapidly, and it could go faster. We think businesses, financial institutions and governments are in a prime position to add a further US $200 billion to the continent’s GDP in the next six years by supporting that growth. Although this exceeds projections from the IFC and others, we believe it’s a realistic goal.
Source: NextBillion
Oct 11
IFC and OCP Group Launch $800M Agri-Finance Platform to Build Sustainable Food Systems in Africa
By providing access to finance and skills training, the platform aims to strengthen 30 agricultural value chains across Africa through 60 agri-finance operations. These will cover a range of crop types and will address challenges holding back the sector’s growth and resilience.
Source: African Business
Oct 11
M. Marks, Head of Investment Stewardship & Responsible Investment Integration, LGIM: We’ve Been Mispricing Nature, Now We Must Plug the Value Gap
Plugging the “value” gap for nature is the keystone of attracting investment and creating a market to protect and restore nature. The current nature market isn’t yet sizeable and far from being mature. The good news is, we see increasing opportunities for a burgeoning nature market.
Source: Reuters
Oct 11
MCE Social Capital Announces the Final Close of Its MESA Fund to Target Gender-Inclusive Agri-Businesses in Africa and Latin America
MCE Social Capital announced the launch of the MCE Empowering Sustainable Agriculture (‘MESA’) Fund, which closed on October 4th, 2023, oversubscribed at US$41.6 million.
Source: MCE Social Capital
Oct 10
South Africa: Adenia Announces First Investment for Fifth Flagship Fund
Adenia has acquired a majority stake in Enfin, a provider of solar funding solutions in South Africa. Enfin aims to improve affordability of and access to electricity for South Africans by backing smart businesses, farms, sectional titles, and schools who are seeking cheaper, cleaner and more sustainable energy sources that are less reliant on unreliable power from the grid.
Source: BusinessWire
Oct 10
In-Depth: Can AI Transform Impact Investing?
The long term potential is significant. Both for impact investors as they seek to combat greenwashing, and for the companies they invest in as they use it to improve their impact.
Source: Impact Investor

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