28 May 2024


May 28
South Africa: IFC Lends FirstRand $250M for Green Housing
Part of the funds will be specifically allocated to the affordable-housing segment and to women.
Source: Moneyweb
May 24
Small Islands Join Forces on Debt Relief Ahead of Climate Talks
The world's small island states plan to join forces to push for debt relief and more climate investment ahead of this year's COP29 climate summit, part of a 10-year strategy to help save some of them from extinction, a draft document seen by Reuters showed.
Source: Reuters
May 23
The Philippines: Phinma Gets P4.5b in Fresh Capital from Global Investors
Phinma Education, one of the biggest private education groups in the Philippines and the education arm of Phinma Corp., has secured P4.5 billion in fresh capital for its planned expansion of education offerings in the region.
Source: Philstar Global
May 22
India: SAVE Group Snags $13 MN from Incofin, Maj Invest
SAVE Group, which offers financial services in rural areas in India through its subsidiaries, Wednesday said it has raised $13 million (Rs 108.3 crore) in a fresh funding round from international asset management firms Incofin and Maj Invest.
Source: VCCircle
May 21
IMF Approves SDR-Hybrid-Capital Solution Welcomed by AfDB-IDB
This solution is expected to unlock significant new lending by Multilateral Development Banks to address global challenges such as climate change and food security. The new instrument allows lending of at least $4 for every $1 equivalent of Special Drawing Rights (SDRs), through the AfDB, IDB, and other Multilateral Development Banks, to finance development projects.
Source: Devdiscourse
May 21
Private-Market ESG and Impact Funds Perform in Line with Peers
Preqin financial benchmark data confirms the performance of ESG-related private-market funds is as good as its peers. The data the firm can now provide covers eight categories of funds, including those with a specific impact objective.
Source: Barron's
May 21
World Bank Backs 250-Mw Solar-Storage Project in Uzbekistan
The World Bank Group has agreed to a financial package to support the construction and operation of a new 250-MW solar project with 63 MW of energy storage in Uzbekistan, developed by UAE-based Masdar and the local government.
Source: Renewables Now
May 21
Singapore’s MAS Steps up Green Finance Partnership with China’s Central Bank
Singapore's central bank is stepping up a green finance collaboration with its counterpart in China, as it separately announced plans to sell up to US$1.9 billion of sovereign bonds to fund environmental projects.
Source: Morningstar
May 21
Alcazar Energy Partners Reaches Final Close of $490MLN for Renewable Energy Fund
Alcazar Energy Partners II SLP (SCSp) (“AEP-II”), a Luxembourg domiciled sustainable infrastructure fund focused on utility-scale renewable energy projects in emerging markets, has reached a final closing of US$490 million, attracting capital from investors in North America, Europe, the Middle East and Asia.
Source: ZAWYA

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