27 August 2024

n°164
newswatch

Aug 27
IFC and Jordan Ahli Bank Launch First Locally Issued Sustainability Bond in Jordan
IFC, a member of the World Bank Group, announced it subscribed $50 million in Jordan’s first locally issued sustainability bond, by Jordan Ahli Bank (JAB), to help boost climate finance for Small and Medium Enterprises (SMEs), support women-owned and -led entities, and create thousands of jobs.
Source: ZAWYA
Aug 22
African Governments Looking to COP Summit for Higher Climate Financing Share
The 54-nation continent has been attracting more funds for climate mitigation and adaptation projects in recent years, but it still gets less than 1% of the global climate financing on an annual basis, government officials said.
Source: Reuters
Aug 22
A. Apampa, Manager of Content Team, Convergence: Regulatory Roadblocks Are Holding Blended Finance Back - Here Are Three Concrete Ways to Address Them
With the market for blended finance rebounding, and the urgency of scaling financing toward the SDGs only heightening as we approach 2030, practitioners must get creative in understanding the roadblocks that private investors face when investing in developing markets — and finding new ways to address them.
Source: NextBillion
Aug 22
Sarawak Leads with Launch of Malaysia’s First AgriFoodTech Sustainability Impact Fund
Sarawak has launched a RM100 million AgriFoodTech Sustainability Impact Fund in the mission to lead in sustainable food production.
Source: The Borneo Post
Aug 21
IDB Invest Promotes Financial Inclusion of Vulnerable Groups in Chile, Together with Caja La Araucana
IDB Invest provided a $70 million financial package to Caja La Araucana (CLA), a non-profit corporation in Chile that provides its members with social welfare benefits and services. As part of the financing, approximately $20 million was mobilized from responsAbility Investments AG. LarrainVial, a financial advisory and intermediary firm based in Chile, acted as financial advisor to Caja La Araucana in this deal.
Source: IDB Invest
Aug 21
KBW Ventures Debuts in Egypt by Investing in NoorNation
Egypt-based climatetech NoorNation has received an undisclosed investment from KBW Ventures. Founded in 2021, NoorNation provides technology-enabled decentralised energy and water infrastructure solutions to the off-grid sector across Egypt and Sub-Saharan Africa. The company’s flagship product, LifeBox, delivers clean energy and safe water to rural communities, farms, and tourism businesses at a reasonable price.
Source: Wamda
Aug 21
Paris Agreement at Stake: Developing Nations Demand Meaningful Climate Finance
The spokesperson for the Like-Minded Developing Countries (LMDC) warns that the Paris Agreement is at risk if developed nations fail to deliver a meaningful new climate finance goal. The LMDC, comprising around 25 developing countries, advocates cooperation for climate action. They demand clear definitions of climate finance and warn against diluting developed nations' responsibilities.
Source: Devdiscourse
Aug 21
India: Fintech Startup Transbnk Raises $4 Million Series a Funding Led by 8i Ventures
TransBnk, a Mumbai-based transaction banking platform, has raised $4 million in Series A funding led by 8i Ventures and co-led by Accion Venture Lab.
Source: zee Business
Aug 20
ASN Impact Investors Sells All Investments in Clothing Companies
The Dutch impact investor has announced it is selling all of its shares in the clothing industry, as none of the clothing companies meet the investor’s requirements in terms of sustainability.
Source: Impact Investor

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