13 February 2024


Feb 13
Injaro Secures $17.5 Million Fund to Back Ghanaian and Ivorian SMEs
Injaro Investments Advisors Limited, a Ghanaian multi-sector fund investor, has announced the close of its Ghana Cedi-denominated private equity fund, Injaro Ghana Venture Capital Fund (IGVCF), at GHS 216 million ($17.5 million).
Source: Techpoint Africa
Feb 12
T.B Munoz and M.P. Padilla, FMO: Impact Management Moves toward Standardization - How Investors Are Harmonizing Their Practices — And Where More Progress Is Needed
Impact investors, especially development finance institutions (DFIs), are crucial for channeling investments into emerging markets and promoting sustainable economic growth and other positive development impacts — as well as generating healthy financial returns. However, to achieve their mission, these investors need to ensure that their activities mitigate adverse effects and positively impact the communities and the environment they serve. This is where impact management comes into play.
Source: Next Billion
Feb 12
British International Investment and Blue Earth Capital Complete Landmark Secondary Transaction
Blue Earth Capital AG (BlueEarth), the specialist global impact investor, and British International Investment (BII), the UK’s development finance institution (DFI) and impact investor, today announce an agreement for the acquisition of part of BII’s stake in three funds across Africa and Asia. This is the first portfolio secondary transaction by the DFI, which is structured as a pilot to support the development of a more robust secondaries private equity market, and help mobilise more capital into emerging markets.
Source: BII
Feb 12
C. Walker, Contributor, Impact Investor: Infrastructure Impact Funds Thrive Amidst Global Fundraising Downturn
In the overall world of infrastructure investing there is one dominant question at present. Where has all the money gone? The latest infrastructure fundraising figures from Preqin are alarming. Having seen record fundraising in 2022 of some $168bn (€157bn), the sector saw only $4.52bn of new capital in the first quarter of 2023, and a mere $3.61bn raised in Q2. But in the burgeoning area of infrastructure impact investing, the story is very different.
Source: Impact Investor
Feb 9
East Africa: Inspired Evolution Invests in Solar Provider Equator Energy
Investment advisory firm Inspired Evolution has joined the shareholder base of East Africa-focused commercial and industrial (C&I) solar provider Equator Energy Limited. The investor, through its Evolution III Fund, has taken a significant minority stake in the company holding a majority interest in Equator, according to a press release.
Source: Renewables Now
Feb 8
IFC and SIMA Launch $150 Million Solar Green Bond for African Solar Developers Alongside Finland and GEAPP
IFC, a member of the World Bank Group, in partnership with Social Investment Managers and Advisors LLC (SIMA Funds or SIMA) and other financiers have reached the first close of a $150 million solar green bond, which will finance productive-use solar projects throughout Africa.
Source: Sustainable Energy
Feb 8
India: Key Fact Statement (KFS) Now Mandatory - New RBI Measure Enhances Transparency in Lending for Retail and MSME Borrowers
The Reserve Bank of India has further announced an important measure to ensure greater transparency for retail and MSME borrowers. The central bank has mandated that all regulated entities provide a Key Fact Statement (KFS) to retail and MSME borrowers, containing essential information such as the all-inclusive APR and recovery and grievance redress mechanisms.
Source: Livemint
Feb 6
Mexico: Creation Investments Fuels Techreo’s Mission with $3.4m Funding
Creation Investments Capital Management, LLC, a leading global impact investor, has made a significant move in the financial technology sector by participating in a $3.4 million bridge funding round for Techreo, a Mexico City-based digital financial services platform. The funding round, which also saw participation from venture capital firm G2 Momentum, aims to support Techreo's ambitious expansion plans across Latin America and into the United States' Hispanic community.
Source: BNN
Feb 6
Kenya: eco.business Fund, Family Bank Bolster Partnership with Further $5M Loan for Agribusinesses
The eco.business Fund has extended a USD 5 million loan, equivalent to KES 805 million, to its partner in Kenya, Family Bank to bolster sustainability-certified companies, small-holder farmers and other agribusiness value chain actors embracing eco-friendly and climate-smart approaches to enhance the competitiveness of agribusinesses.
Source: KBC

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