11 June 2024


Jun 10
Candi Solar Secures $38 Million to Accelerate Clean Energy Expansion in India and South Africa
Candi Solar, a solar power solutions provider for commercial and industrial (C&I) clients, announced today that it has successfully closed its Series C funding round, securing $38 million in equity investment. The round was led by Norfund, Kyuden International, and STOA.
Source: pv magazine India
Jun 10
Latin America and the Caribbean: IDB Invest Promotes Large-Scale Projects at Sustainability Week
Promoting large-scale development investments for Latin America and the Caribbean is the objective of Sustainability Week, organized by IDB Invest, the private arm of the Inter-American Development Bank, which kicks off Tuesday in the Brazilian city of Manaus, in the heart of the Amazon.
Source: EFEcomunica
Jun 10
Finpact Launches Revolutionary Microfinance Initiative to Empower Global Entrepreneurs
To ensure broad and efficient access to these financial services, Finpact leverages state-of-the-art technology. The company has implemented mobile banking solutions and an AI-driven credit assessment system that simplifies the application process and tailors financial solutions to individual needs.
Jun 9
How Family Offices Can Lead the Charge to De-risk Investments
Family offices can lead the way in securing a sustainable and innovative future by employing a blended finance approach and developing strategic investment theses.
Source: Forbes
Jun 7
IFC and Jordan Partner to Combat Water Scarcity and Enhance Climate Resilience
Under the agreement, IFC will collaborate with the Government of Jordan and Amman’s water utility company, Miyahuna, to co-develop a project that attracts private sector investments in reducing Non-Revenue Water (NRW). The project will be competitively tendered to enhance water-management efficiency and significantly reduce water loss across one-third of Amman.
Source: Devdiscourse
Jun 6
Tanzanian Fintech Selcom Acquired a Bank. Here Is Why This Is Interesting
Over the past 23 years, Selcom has evolved from being an airtime distributor to providing merchant payments, agency banking, card issuing, e-commerce, and switching services for banks. This week, it entered the banking sector after acquiring Access Microfinance Bank Tanzania.
Source: Finetech Africa
Jun 6
Temasek, GIC Part of Global Coalition Investing US$25 Billion in Indo-Pacific Emerging Markets
A coalition of investors, including Singapore’s Temasek and GIC, have committed to injecting US$25 billion in infrastructure investments in emerging markets that are part of an economic alliance between the US and several Asia-Pacific countries.
Source: The Business Times
Jun 6
EBRD Lends Bosnia’s Mikrofin 2 Mln Euro to Back Green Investments
Mikrofin will use the funds to provide loans to sub-borrowers for investments in renewable energy and energy-efficient technologies in the housing sector, the EBRD said in a press release.
Source: SeeNews
Jun 4
Egypt: Misr Insurance Holding Launches New Microfinance Firm
Misr Insurance Holding has obtained a license from the Financial Regulatory Authority (FRA) to launch Maak microfinance company, with about EGP9 billion in targeted funds over five years.
Source: ZAWYA

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