2 April 2024


Apr 1
​IFC and DBS Launch Us$500 Million Facility to Promote Trade Flows in Emerging Markets
The facility aims to promote capital and trade flows in emerging markets across Asia, Africa, the Middle East and Latin America, help bridge the record US$2.5 trillion global trade finance gap1 and accelerate economic progress across these regions.
Source: IFC
Mar 29
India: Aye Finance Secures EUR 15 MN Debt Funding
MSME-focused NBFC Aye Finance has secured EUR 15 million in debt funding, proceeds of which will be used for on-lending purposes. The funding has come from IIV Mikrofinanzfonds and another private fund managed by Invest in Visions.
Source: Devdiscourse
Mar 28
L. Bourgeois, Impact Manager, BlueOrchard: New Kids on the Block – From Green to Blue and Orange Bonds
In 2023, the growth of the labelled bond market in emerging markets (EM) continued to outpace the overall growth of the EM bond market, which has been a consistent trend in recent years. As a result, the share of EM labelled bonds as a percentage of the overall EM bond issuance reached 30% in 2023, compared to only 7% in 2019 and 2020.
Source: BlueOrchard
Mar 28
How a $75 Million ‘Basket Bond’ Is Catalyzing Climate Lending to Small Businesses in Emerging Markets
British International Investment partnered in 2022 with impact asset manager Symbiotics on a “basket bond” to support green lending among small business lenders in Africa and Asia. In just under two years, Symbiotics has invested the full $75 million in 11 organizations in eight countries. Not all of the capital has yet been on-lent, says Symbiotics’ Daniel Schriber, but it appears the vast majority will be invested within the 15-month timeline lenders were given. There are also signs the initiative is having a catalytic effect: four of the 11 lenders have attracted commercial investors since BII and Symbiotics made their investments.
Source: ImpactAlpha
Mar 28
BURN Receives $12M Investment from Key Carbon to Expand Cleaning Cooking in Africa
BURN Manufacturing has received a USD 12 million investment from Key Carbon Ltd. The investment is supported by Cartesian, a global private equity firm. This new investment will go towards the distribution of electric cookstoves in Kenya, Tanzania, Uganda, and Zambia and biomass stoves in Nigeria, DRC, Tanzania, and Mozambique over the next two years.
Source: HapaKenya
Mar 28
Clean Energy Company Husk Power Secures $20 Million Debt from European Investment Bank
According to the company, this is the first time that a minigrid company has accessed corporate-level debt, and also the single largest debt financing for minigrids in Sub-Saharan Africa.
Source: Financial Express
Mar 26
Symbiotics Investments Supports Solar Energy Projects in Vietnam through a Green Bond with ecoligo
Symbiotics Investments has arranged a USD 5 million green bond for ecoligo Vietnam: a subsidiary of ecoligo GmbH, a developer and asset owner of commercial and industrial solar energy projects based in Germany. With the issuance of this green bond, ecoligo aims at expanding its portfolio by funding the construction of ready-to-build projects developed by the local subsidiary.
Source: Symbiotics Group
Mar 26
BII and Idemitsu Partner with Skye Renewables to Accelerate Decarbonisation in South-East Asia
A joint investment from BII and Idemitsu will support the renewable energy platform's target to build over 300 MW of greenfield solar power capacity for commercial and industrial customers in the region. The solar projects are expected to help displace consumption of on-grid electricity and avoid 270,000 tonnes of CO2 emissions annually.
Source: PR Newswire
Mar 26
Tunisia’s Anava Pledges $4.3 Million into Janngo Capital
Anava, the fund of funds has committed to invest $4.3 million into Africa’s gender-equal technology fund Janngo Capital Startup Fund. It also is Janngo Capital Partners’ second investment vehicle.
Source: Edge Middle East

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