25 June 2024


Jun 25
IFC Supports SeAbank to Issue Viet Nam’s First Blue Bond, Boost Climate Finance
To catalyze a viable blue finance market while fostering green bonds and supporting smaller businesses in Viet Nam, IFC is providing a financing package of $150 million to Southeast Asia Commercial Joint Stock Bank (SeABank). The investment entails the first blue bond in Viet Nam and the first green bond by a private commercial bank in the country.
Source: IFC
Jun 25
TBC Bank Uzbekistan Raises $10M Loan from responsAbility Investments AG
TBC Bank Uzbekistan has secured a $10 million credit line from Switzerland-based impact investor responsAbility Investments AG. The funds will be used to expand TBC Uzbekistan’s microlending effort further, contributing to the ongoing growth of the digital bank’s loan portfolio and promoting financial inclusion in Uzbekistan.
Source: IBS Intelligence
Jun 24
Georgia: Credo Bank Secures $13 Million Investment from Symbiotics Investments
Credo Bank has secured an investment of $13 million (₾36 million) from Symbiotics Investments. The three-year, local currency-denominated resource aims to support micro, small, and medium entrepreneurs in Georgia. Notably, 80% of Symbiotics' current total investment of over ₾100 million is in the national currency, significantly contributing to the de-dollarization of the country's economy.
Source: Caucasus Business Week
Jun 23
European VC Firm Breega Launches $75 Million Africa-Focused Fund
The fund aims to become a leading source of early-stage capital for promising African startups. Breega, established in 2015, has a strong track record with over $700 million in assets under management and investments in more than 100 startups across 15 countries. To support its African expansion, the firm has opened new offices in Lagos, Nigeria, and Cape Town, South Africa.
Source: Empower Africa
Jun 22
Shared Interest Rings the Nasdaq Stock Market Closing Bell
To date, Shared Interest has provided $34 million in loan guarantees that has unlocked $131 million in local capital for Black women entrepreneurs, smallholder farmers, and youth-owned microenterprises in Southern Africa, ultimately reaching 2.3 million beneficiaries in the region.
Source: Nasdaq
Jun 21
Seizing the Moment on a Global Plastics Treaty: Finding the Common Ground to Mobilize Private Capital
Currently, national and subnational governments around the globe have their own sets of regulations and practices regarding plastic waste and recycling, creating a dizzying prospect for any investor looking to allocate capital to solutions. So getting a global agreement – even to a minimum set of standards and policies – would be a huge win towards unlocking investment.
Source: Forbes
Jun 20
LatAm Fintechs Quadruple in past 6 Years, with More Room to Grow
The region's fintechs went from 703 in 2017 to 3,069 in 2023, according to the report compiled by the Inter-American Development Bank (IDB) and Finnovista, a fintech development firm. The majority of today's fintechs - 57% - target Latin America's unbanked or "underbanked" population, the report showed.
Source: Reuters
Jun 19
Accion Digital Transformation Fund Invests $17.5m in Indonesian Microfinance Technology Company Amartha
The investment aims to help deliver Amartha’s ambition of building a platform providing a full suite of financial products and services to underserved women-led small businesses in mainly rural areas across Indonesia by harnessing the power of data and artificial intelligence.
Source: technode global
Jun 18
North Africa: SIFEM Commits USD 15 Million in First Close of SPE PEF III Fund
SIFEM has committed USD 15M to the SPE Private Equity Fund (SPE PEF III), which has successfully achieved its first close at USD 140M signifying a major step forward in SIFEM’s mission to drive impactful investments across North Africa.
Source: SIFEM
Jun 18
PayJoy Asset Fund Surpasses $130 Million in Assets under Management with First Institutional Investor
The PayJoy Asset Fund (PJAF) has surpassed $130 million in assets under management and welcomed its first institutional investor, with a $25M investment. The PayJoy Asset Fund allows qualified investors to invest in PayJoy loans. Investors earn attractive returns while helping underserved customers in emerging markets.
Source: PRWeb

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