4 June 2024


Jun 3
responsAbility Successfully Launches New Financial Inclusion Bond
responsAbility, the leading Swiss impact asset manager, in partnership with the U.S. International Development Finance Corporation (DFC), has successfully launched a new financial inclusion bond. This USD 123.5 million bond, arranged by J.P. Morgan, is designed to provide institutional investors with access to impact investments via listed securities thereby achieving positive social and financial impacts at scale in financial inclusion.
Source: responsAbility
Jun 2
Philippines: ADB Supports Alternergy’s 1st Green Corporate Loan
The Asian Development Bank (ADB) has provided support to renewable energy (RE) developer Alternergy Holdings Corp. (AHC) in securing its first green corporate loan. The initial tranche secured by AHC on May 29, consisted of a P2 billion green corporate loan with BDO Unibank Inc.
Source: Philstar Global
May 31
Mirova Backs Large-Scale South African Ecosystem Restoration Project
Imperative Global has secured funding for a large-scale ecosystem project which aims to capture a substantial amount of carbon through restoring thousands of hectares of South African land.
Source: Impact Investor
May 30
Morroco’s Yola Fresh Raises $7M in Pre-series a Funding, Eyes Unicorn Status
A Morroco-based agriculture technology company focused on supplying fresh food to consumers, YoLa Fresh, has today announced it has secured $7 million in a pre-Series A funding round. The round, which was led by Al Mada Ventures with participation from Algebra Ventures, E3 Capital, Janngo Capital, and FMO, the Dutch entrepreneurial development Bank, will be invested in expanding the startup’s logistics network.
Source: Coin Market Cap
May 30
Fresh Wave of Funds Aims to Kick-Start Blue Bond Market
Compared with the boom in green financing for land-based projects, the blue equivalent — financing focused on water and the marine environment — remains in its infancy. There are signs, though, that enthusiasm for such projects is picking up in the sustainable finance sector. On the private equity side, several funds with a blue economy focus are on the market.
Source: Financial Times
May 29
EIB Global Invests €25 Million in Amethis Fund III to Promote Sustainable Growth of African Businesses
The European Investment Bank’s EIB Global arm has invested €25 million in Amethis Fund III, a pan-African fund providing private equity growth capital to medium-sized companies on the continent. Amethis Fund III will target companies supplying goods and services to low- and middle-income populations in Africa.
Source: EIB
May 29
Nigeria: Kuda Raised Nearly $100M in Five Years, Says CEO
Kuda Technologies, a fintech company operating in Nigeria and the United Kingdom, has raised close to $100m in funding over the past five years, the Chief Executive Officer, Babs Ogundeyi, announced on Wednesday.
Source: The Punch
May 28
Helios Towers’ Public Listed Bond, Co-anchored by BII, Mobilises Private Capital of over $700M to Support Africa’s Digital Transformation
British International Investment, the UK’s development finance institution and impact investor, participated in Helios Towers’ $850 million public bond offering with a $30m anchor commitment.
Source: BII
May 28
IFC to Help Financial Institutions Support Small Businesses through New Global MSME Financing Platform
The MSME Finance Platform (the Platform) will include a financing package of up to $4 billion from IFC's own account to banks, non-bank financial institutions, microfinance institutions, and innovative digital lenders that focus on micro, small, and medium enterprises (MSMEs). It will be available to both new and existing IFC clients.
Source: IFC

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