16 April 2024


Apr 16
BlueOrchard Climate Insurance Private Equity Fund Welcomes BII and NDF as New Investors, Approaching Target Size of USD 100 Million
British International Investment (BII) has committed USD 15 million. The Nordic Development Fund (NDF) has committed USD 13.5 million, with an additional USD 1 million as a grant for the fund’s Technical Assistance Facility. These new investments bring the total committed capital for the fund to over USD 90 million, close to its target size of USD 100 million. The final closing of the fund will be in the second half of 2024.
Source: BlueOrchard
Apr 16
Singapore-Headquartered AI Credit Scoring Fintech FinbotsAI to Transform Credit Risk Management for Myanmar’s Largest Privately-Owned Bank, KBZ Bank
With this move, KBZ Bank will be pioneering the use of AI-led credit risk management in Myanmar, part of the Bank's strategy to embrace next-generation banking technology to strengthen communities and institutions that improve the quality of life for all.
Source: finanzen.net
Apr 16
Debt-for-Nature Swaps May Give US$100 BIL Boost to Climate Fight
Debt-for-nature swaps, where poorer countries have debt written off in return for protecting ecosystems such as barrier reefs or rainforests, may provide US$100bil for the fight against climate change, according to a new report.
Source: The Star
Apr 15
IFC Commits New Financing to Isbank Georgia to Boost Access to Finance for SMEs
To increase access to finance for Georgia's small and medium enterprises (SMEs) and bolster the country's finance sector, IFC signed a new loan agreement providing Isbank Georgia with a financing package of $10 million equivalent in EUR.
Source: IFC
Apr 15
R. Ramasamy, N. Sudo, M. McCreless, Impact Frontiers: Six Impact Performance Reports That Go beyond the Basics to Give Investors Needed Insights
Impact Frontier’s Impact Reporting Norms target a leverage point in the impact investing system: impact reporting. They promise to provide greater clarity and integrity in reporting by fund managers and greater incorporation of impact into decision-making by asset owners and allocators. Here are some examples of impact reports that exemplify aspects of the Impact Reporting Norms.
Source: ImpactAlpha
Apr 9
SEAF Announces Dawa Mkononi as Inaugural Recipient of Daraja Impact Funding Pioneering Health Tech Advancement in Tanzania
SEAF has selected Dawa Mkononi, a Dar es Salaam-based health-tech company, as the first recipient of its impact-linked funding, under Daraja Impact, to scale its business and improve the company’s impact monitoring systems and practices. Daraja Impact is a 5-year project that seeks to support enterprises through the provision of capital and technical assistance to advance inclusion and empowerment for women and youth in Tanzania.
Source: SEAF
Apr 9
Emerging Managers Dominate Fund Count in Impact
Impact investing is one segment of the private markets where emerging managers account for a larger portion of total fund closes than established managers. Over the past five years, more than 55% of impact funds were closed by fund managers raising their first, second or third fund, a sign of the relative newness of the space, according to PitchBook’s recent analyst note on the state of ESG and impact investing in 2024.
Source: PitchBook
Apr 9
Former IFC Executive, Startup VC Launch New $125 Million Fund for STEM Innovations in Climate, Health
Focusing on identifying and supporting STEM-based solutions for climate change and health-related challenges, the fund aligns with the Government of India’s aim to make India a global research and development (R&D) hub and driving its Nationally Determined Contributions (NDCs) under the Paris Agreement.
Source: Financial Express
Apr 9
World Bank Group Announces New Approach to Measuring Impact
For the first time, the work of all World Bank Group financing institutions will be tracked through the same set of indicators. The new scorecard will track the Bank’s overarching vision of ending poverty on a livable planet.
Source: The World Bank

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