31 October 2023

n°123
newswatch

Oct 31
India: Muthoot Microfin Gears up for IPO, Receives SEBI Approval
The firm, which is the third largest in South India, is primarily focused on providing micro-loans to women in rural areas. Alongside a fresh issue of ₹950 crore ($127 million), existing shareholders will offer a sale of ₹400 crore ($53 million).
Source: Investing.com
Oct 29
Mandiri Capital Indonesia and Early-Stage VC Investible Prepare to Launch New Global Climate Tech Fund
Mandiri Capital Indonesia (MCI) and Investible have signed a Term Sheet and will establish a new Co-GP early-stage climate tech fund aimed at identifying and investing in climate technology and innovation, globally.
Source: finanzen.net
Oct 27
IFC Partners with FirstRand Bank to Expand SME Financing in South Africa
IFC’s $150 million loan will enable FirstRand Bank to increase lending to SMEs with loan sizes between $10,000 and $2 million equivalent in South African rand, helping these businesses sustainably scale, expand into new markets, and sustain and create jobs. FirstRand will allocate 25 percent of IFC’s loan to support women-owned businesses.
Source: MENAFN
Oct 27
Blackrock Fund Backs Renewable Energy Firm in First LatAm Investment
BlackRock-managed fund Climate Finance Partnership (CFP) will make its first foray into Latin America with the acquisition of a minority stake in Brasol, a Brazilian renewable energy firm.
Source: Reuters
Oct 27
Mauritius: $45 Million in Green Bonds to Finance 13 Solar Power Plants
Envolt, a subsidiary of the Mauritian conglomerate ENL, is launching a $45 million green bond programme in Mauritius. The aim is to finance the construction of 13 photovoltaic solar power plants in this island country off the coast of East Africa.
Source: Afrik21
Oct 27
Colombia: UNI2 Microcrédito Receives $3 Million Loan from Triodos Microfinance Fund and Triodos Fair Share Fund
Triodos Microfinance Fund and Triodos Fair Share Fund have provided a $3 million debt facility to UNI2 Microcrédito, an innovative, values-driven and fast-growing microfinance institution in Colombia.
Source: FinDev Gateway
Oct 27
Green Climate Fund Commits 50 Million for Camco’s New Blended Finance Fund for Africa, REPP 2
Over the lifetime of REPP 2, the fund intends to make 35-40 investments supporting decentralized renewable energy, fortify national grid infrastructure, and spur economic development, especially in Least Developed Countries.
Source: SolarQuarter
Oct 26
Africa and South Asia: Husk Power Systems Hits Gold in Funding Drive
Husk Power Systems, a leading light in the cleantech world, has impressively scooped up $103 million during its Series D fundraising endeavour. A breakdown reveals $43 million in equity and a $60 million debt finance injection. Such a move propels the firm to the pinnacle of the mini-grid sector, having achieved the largest equity raise ever witnessed in this domain.
Source: Outlook Planet Desk
Oct 26
ADB, Switzerland Aid Fintech Development in Vietnam
The Asian Development Bank (ADB) and the State Bank of Vietnam (SBV) on October 25 held a kick-off ceremony marking the implementation of the Swiss-funded 5 million USD technical assistance, which aims to nurture financial technologies (fintech) serving the improvement of financial inclusion in Vietnam.
Source: VietnamPlus
Oct 26
Mikro Kapital Launches Market’s First Tokenised Bonds for Microcredit
The initiative was developed in collaboration with cryptocurrency exchange Bitfinex, and paves the way for new types of investment into the microfinance sector.
Source: Impact Investor

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