9 January 2024


Jan 9
British International Investment and Compagnie Financière Africaine (Cofina) Advance Gender Finance for Small Businesses in Côte D’Ivoire through €14 Million Loan
The commitment will enable COFINA to provide additional loans in the next three years to MSMEs in Cote d’Ivoire. At least 30 per cent of the proceeds will be directed towards women-owned or -led businesses.
Source: BII
Jan 8
YC-Backed African Fintech Cleva, Founded by Stripe and AWS Alums, Raises $1.5M Pre-seed
The round was led by 1984 Ventures, an early-stage venture capital firm based in San Francisco. Other participants in the round include The Raba Partnership, Byld Ventures, FirstCheck Africa and several angel investors.
Source: Tech Crunch
Jan 8
IFC’s Sustainability-Linked Loan Boosts Iberdrola’s Renewable Energy Expansion in Emerging Markets
The International Finance Corporation (IFC) announced a green and sustainability-linked loan (SLL) of €300 million (equivalent to $329 million) to Iberdrola. IFC's loan will finance renewable energy projects in emerging markets, including a number of countries that currently rely heavily on coal, such as Morocco, Poland, and Vietnam.
Source: IFC
Jan 4
More Impact Fund Managers Tie Their Compensation to Impact along with Financial Performance
Forthcoming research compiled on more than 200 impact fund managers, limited partners and intermediaries shows that despite limited frameworks or established best practices, early adopters of impact-linked compensation are figuring out mechanisms to not only deepen their impact but also differentiate their funds.
Source: ImpactAlpha
Jan 3
ADB and Maldives Sign Agreements to Expand Renewable Energy Access
The Asian Development Bank (ADB) and the Government of Maldives have signed loan and grant agreements of up to $50.5 million to expand renewable energy generation and distribution in Maldives.
Source: Devdiscourse
Jan 2
EAIF Acts as Cornerstone Investor to Anchor Zambia’s First Green Bond
The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group Company (PIDG), has committed to de facto underwrite US$50m of Zambia’s first US$53.5m green bond, to finance key solar infrastructure and support diversification of the country’s energy sector.
Source: Emerging Africa Infrastructure Fund

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