20 February 2024

n°137
newswatch

Feb 19
ADB, Credo Sign Deal to Promote Food Security and Women-Owned Agriculture MSMEs in Georgia
The Asian Development Bank (ADB) and Credo Bank have signed a loan of 65 million lari (equivalent to around $25 million). The loan will support onlending activities to micro, small, and medium-sized enterprises (MSMEs), with a specific focus on targeting women borrowers in agricultural production, processing, and trade.
Source: Georgia Today
Feb 19
Africa: Gender Bonds Toolkit Unveiled in Nairobi to Centralize Capital for Women
A new gender bonds toolkit has been introduced in Nairobi to centralize capital for women in the African capital markets. FSD Network’s gender collaborative program, British International Investment (BII), and the United Nations Entity for Gender Equality and the Empowerment of Women (UN Women) are the proponents of the program.
Source: Capital Business
Feb 17
IFC Invests in Tajikistan’s First Green Bond
The International Finance Corporation (IFC), a member of the World Bank Group, has announced a subscription of up to $10m in a landmark local currency green bond issued by Tajikistan’s Eskhata Bank. This green bond is the first for the country, and is aimed at boosting access to climate finance for smaller businesses amid a challenging macro-economic environment.
Source: The Times of Central Asia
Feb 15
Nigerian Bank Carbon Acquires Vella Finance, Launches New AI Banking Platform for SMEs
Microfinance bank Carbon is launching a new banking platform for businesses in Nigeria following its acquisition of fintech firm Vella Finance, which the bank has purchased through its parent company, One Credit Limited, for an undisclosed sum.
Source: Fintech Futures
Feb 14
Roam Raises $24M to Scale Electric Vehicle Production in Kenya
Roam, an EV startup based in Kenya, has raised $24 million in a Series A round, including up to $10 million debt commitment from the U.S. International Development Finance Corporation (DFC), to scale the production of electric motorcycles and buses.
Source: Tech Crunch
Feb 13
Symbiotics Investments – Arranged Repack Enables Amundi Asset Management to Invest in BBVA Colombia’s Blue Bond
Amundi’s USD 50 million investment in BBVA Colombia’s blue bond was channeled via a repack of the blue bond issued locally in a debenture format. The repack brought BBVA Colombia’s blue bond in a format eligible for Amundi to invest in. The features of the repack include an ICMA green bond format, a listing on the Luxembourg Stock Exchange, a display on the Luxembourg Green Exchange “LGX”, as well as a public rating by Fitch Ratings.
Source: Symbioticsgroup
Feb 13
South Africa Playing a Leading Role in Africa’s Fintech Revolution
In South Africa, the local fintech sector reflects a dynamic interplay of continued investment, a deep innovation pipeline, a favourable regulatory environment, and supportive digital infrastructure. In this context, five key themes are playing out, according to Mazars.
Source: Tech Financials

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