26 March 2024


Mar 25
M. Chalwe-Mulenga, CGAP: Are Climate-Related Financial Sector Policies Inclusive for All?
The potential unintended financial exclusionary effects of climate-driven financial policies highlight the need for a comprehensive analysis and understanding among financial authorities of the pathways through which risks and opportunities for financial inclusion may occur.
Source: CGAP
Mar 25
GEMs Publishes New Report on Recovery Rates for Private and Sub-Sovereign in Emerging Markets
The availability of the new publication will provide more insights into markets where it is difficult to find reliable credit information and will help to support the mobilisation of private investments in emerging markets, addressing one of the key recommendations of the G20.
Source: EBRD
Mar 25
From Promise to Prosperity: What Will It Take To Unlock Africa’s Clean Energy Abundance?
Despite its wealth of resources, Africa’s energy potential remains largely unfulfilled. Lack of investment in electricity infrastructure, particularly in generation capacity, distribution networks, and maintenance, has led to a combination of low-energy supply and high-electricity costs in many African countries.
Source: Forbes
Mar 25
Cambodia’s Microfinance Sector Ignites Record Growth for Local Currency in 2023
CMA's chairperson Dith Nita said the remarkable growth in transactions through Cambodia's Bakong payment system, with a 3.4-fold increase in riel transactions, significantly outstripping those in US dollars, underscored a year of unparalleled success for the national currency.
Source: The Star
Mar 22
IFC Issues 2 Billion Norwegian Krone Green Bond to Boost Blue Finance in Emerging Markets
On World Water Day, IFC announced the issuance of its first green bond designed to promote ocean-friendly projects and critical clean water resource protection in developing countries. Listed on the London Stock Exchange, the green bond was priced on March 19, 2024, and will be issued on March 26, underwritten by Stockholm-based Skandinaviska Enskilda Banken AB.
Source: IFC
Mar 21
€50M Regenerative Agriculture Fund Gets EU Backing
The private credit fund has received €20m from the European Investment Fund to support agricultural SMEs looking to decarbonise their businesses in Bulgaria, Latvia, Lithuania, Poland and Portugal.
Source: Impact Investor
Mar 20
India: MSME Lending Startup Optimo Loan Secures $10M Seed Funding from Blume, Omnivore
Optimo, which was founded by EaseMyTrip co-founder Prashant Pitti, plans to use the fund to expand its presence to 20 locations in rural India, enhance technology, and recruit talent by the end of the year.
Source: YourStory
Mar 20
M. Belay, Alliance for Food Sovereignty in Africa (AFSA): The AfDB’s $61BN Initiative Will Transform Agriculture but for Whom?
Launched early last year, the African Development Bank’s ambitious Dakar II initiative, “Feed Africa: Food Sovereignty and Resilience“, seeks to usher in a new era for African agriculture, positioning the continent as a global breadbasket. With a staggering proposed budget of $61 billion, primarily sourced from private and development sectors, the initiative’s scale and scope are unprecedented. However, its approach – aiming to industrialise the continent’s food systems – has ignited a fierce debate concerning its implications for small-scale farmers, biodiversity, and the sovereignty of African food systems.
Source: African Arguments
Mar 20
African VC Firm P1 Ventures Completes 2nd $35M Close of Fund II
Founded in 2020, P1 Ventures is a high-conviction investor on a mission to back Africa’s best entrepreneurs, aiming to support founders utilising emerging technologies, such as Generative AI, to disrupt mainstream industries, from healthcare to retail and agriculture.
Source: Disrupt Africa
Mar 19
Nigeria: CFM and Microsoft Invest $18M in Clean Energy Trading
The Climate Innovation Fund of US IT giant Microsoft and Climate Fund Managers (CFM) are investing $18 million in Konexa, a renewable energy trader based in London, UK. This investment covers its activities in Nigeria.
Source: Afrik21

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