2 July 2024


Jul 1
India: Axis Bank and Piramal Finance Join Hands for Co-lending Business
The cooperation would combine Axis Bank's substantial financial experience with Piramal Finance's loan processing technology to analyse clients' credit profiles and give loans at affordable interest rates through Piramal Finance's network of 490 outlets.
Source: zee Business
Jun 28
Development Bank Tests Waters for First ‘Amazonia’ Bond
An arm of the Inter-American Development Bank tested the waters on Thursday for what is expected to be a multi-billion-dollar wave of new "Amazonia" bonds in the coming years. IDB Invest sold a 50 million Brazilian real ($9 million) bond to the Record Emerging Market Sustainable Finance Fund described as first private sector bond to finance green and social initiatives in the Amazon region.
Source: Reuters
Jun 27
SPE Capital’s North Africa Fund Reaches First Close with DFI Support
The new fund is a generalist private equity fund that will invest in fast-growing SMEs, mainly in North Africa, targeting sectors such as healthcare, education, manufacturing and processing, and business services. The fund will make majority or significant minority investments, aiming to take a hands-on, value-added approach to investee firms.
Source: Impact Investor
Jun 27
IFC Invests in Mediterra Capital Partners III to Support Türkiye's Private Equity Market
IFC invested €25 million in the first close of Mediterra Capital Partners III, a private equity fund managed by Mediterra Capital Management Ltd., to increase access to funding for local companies, strengthen the competitiveness of Türkiye's private equity ecosystem, and enhance gender diversity in the country's private equity market.
Source: IFC
Jun 27
BII and Symbiotics Launch Second Green Basket Bond
British International Investment (BII), the UK's development finance institution (DFI) and impact investor, has committed $75m to the second Green Basket Bond arranged by Symbiotics Investments, an emerging markets access platform and financial lender.
Source: Africa Global Funds
Jun 27
Ascend Money Secures $195M from MUFG and Finnoventure to Accelerate Digital Financial Inclusion in Thailand
By combining MUFG’s global financial footprint with Ascend Money’s deep local market knowledge and innovative digital financial solutions, the investment will help Ascend Money accelerate its plan to provide inclusive financial services for underserved consumers and small and medium-sized enterprises (SMEs), fostering equitable economic growth and financial well-being in Thailand.
Source: technode global
Jun 27
Sub-Saharan Africa: Innovative Financing Models for Sustainable Healthcare
The healthcare landscape across Africa is as diverse as its people, yet many countries share common challenges in funding and delivering healthcare services. Over time on the continent, healthcare financing has been marked by inadequate government investment, high out-of-pocket expenses by individuals, and low insurance penetration.
Source: The Punch
Jun 26
Energy Poverty and Funding Hurdles Hold back Africa’s Green Transition
Africa already has more renewable energy resources than fossil fuel reserves. But more funding and development in renewable power is needed if it is to cover the continent’s own energy needs.
Source: Financial Times
Jun 26
Cash Is No Longer King in Latin America
Digital and noncash payments are booming in a region known for poor financial inclusion. Governments and regulators should push this wave to make access to financial services more equitable.
Source: Bloomberg

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