6 August 2024

n°161
newswatch

Aug 5
Scatec and Aeolus, Part of Toyota Tsusho Group, Join Forces for Tunisia Solar Projects
Scatec ASA, a leading renewable energy provider, and Aeolus SA, part of the Japanese conglomerate Toyota Tsusho Group, have signed a partnership agreement to jointly develop and own renewable energy projects in Tunisia.
Source: finanzen.net
Aug 5
100 Million to the West African Development Bank (BOAD): The Italian Climate Fund Subscribes the First Ever Hybrid Bond for Climate Change Mitigation Issued by a Multilateral Bank
The funds will be used to build and rehabilitate infrastructure for the production of electricity from renewable sources
Source: Libero Quotidiano
Aug 5
M&G Invests $100 Million in responsAbility’s Asia Climate Strategy
M&G plc’s impact investing unit responsAbility Investments announced today that it has raised over $200 million for its climate investment strategy for Asia at the fund’s second closing, including a $100 million investment from M&G’s Life business.
Source: ESG Today
Aug 2
Creation Investments-Backed Peru Microfinance Company Los Andes Completes $10 Million Capital Raise for Strategic M&A and Digital Transformation
Peruvian microfinance company Los Andes has closed a $10 million capital round led by Accion Digital Transformation Fund. The capital raise will support the strategic M&A and digital transformation plans of Los Andes, which serves micro and small entrepreneurs in rural Peru.
Source: PR Newswire
Aug 2
Helios Africa-Focused Climate Fund Achieves $200M First Close
The Helios Climate, Energy Access and Resilience (CLEAR) fund has been set up to invest via equity and quasi-equity in African businesses in five areas: green energy, climate-smart agriculture and food, green mobility and logistics, recycling and resource efficiency, and digital and financial climate enablers.
Source: Impact Investor
Jul 31
Better Cotton Announces New Impact Fund for Cotton Farmers in India
Better Cotton™, a worldwide cotton sustainability initiative and investment firm launched in 2023, announced the signing of a Memorandum of Understanding to jointly develop and launch a fund for smallholder farmers in the cotton industry with FS Impact Finance. The fund will be piloted in India and help incentivize cotton farming communities to invest in field-level work related to women’s empowerment and climate resilience by eliminating traditional financing barriers.
Source: Specialty Fabrics Review
Jul 31
World Bank Approves $125M Grant for Somalia’s First Drought Index Insurance
The DPF aims to provide microfinance access to lower-income groups, particularly pastoralists in climate-vulnerable sectors such as agriculture, fisheries, and micro businesses.
Source: Devdiscourse
Jul 30
Mirova Provides USD 20M to C&I Solar Player in West Africa
The Mirova Gigaton Fund has committed USD 20 million in long-term debt financing to Ghana-based commercial and industrial (C&I) solar company ManoCap Energy to support its expansion in West Africa. The funds will help ManoCap consolidate its business in its current markets -- Ghana and Sierra Leone -- and facilitate expansion into neighbouring countries like Nigeria, Ivory Coast, Guinea, Liberia and Togo.
Source: Renewables Now
Jul 30
K.J. Lane, Freelance Journalist: Mechanisms to De-risk Investment in Local Adaptation - Why and How?
Adaptation projects, which focus on mitigating the impacts of climate change, often struggle to secure private financing as they are seen as risky. This hampers the ability of vulnerable communities to implement necessary measures to protect against climate threats. As the urgency for climate action grows, exploring mechanisms to de-risk these investments becomes crucial.
Source: Devex

If you are not on our mailing list but would like to receive this NewsWatch, you can register through this form: Subscribe

Our linkedIn profile

© 2024 Tameo - Impact Fund Solutions. All rights reserved.
Rue de l'Arquebuse 12, Geneva 1204, Switzerland.

Unsubscribe
For questions regarding Tameo's treatment of personal data,
please refer to our Privacy Notice.

Tameo - Impact Fund Solutions