8 October 2024

n°170
newswatch

Oct 8
North Africa Could Provide 24 GW to Europe via Subsea Links
A share of 73% of Europe’s electricity will come from clean sources by 2035, with subsea interconnectors with North Africa potentially delivering up to 24 GW, according to Rystad Energy forecasts.
Source: Renewables Now
Oct 7
IFC Partners with Axis Bank to Provide a $500 Million Climate Loan in India
This is IFC’s first blue investment in India and the first blue transaction by a financial institution in the country. This transaction is also the largest green financing by IFC in the country. The funding will enable Axis Bank to expand its climate finance portfolio.
Source: IFC
Oct 4
Impact Europe, Philea Call On Policymakers to Unlock Philanthropic Capital’s Full Potential
The organisations launched a set of recommendations to boost impact investing in the European Parliament this week, calling for closer collaboration between public, private and philanthropic actors to maximise impact.
Source: Impact Investor
Oct 4
Acre Impact Capital Gets $25M Commitment from US DFC
Acre Impact Capital's Export Finance Fund I has received a $25 million commitment from the US International Development Finance Corporation. The vehicle had a $100 million first close in April and has a $300 million fundraising target.
Source: Agri Investor
Oct 3
Data Snapshot: Impact Allocations in Three Charts
When it comes to impact investing, private equity is the dominant asset class, GIIN research shows.
Source: New Private Markets
Oct 2
African Development Bank Invests $10 Million in Dhamana to Boost Sustainable Infrastructure in East Africa
The African Development Bank has made a strategic equity investment of $10 million in Dhamana Guarantee Company, a Nairobi-based provider of guarantees to support sustainable growth enterprises. This follows an anchor investment from the UK-Government-backed Private Infrastructure Development Group through its subsidiary, InfraCo Africa.
Source: TechAfrica News
Oct 1
NESsT Lirio Fund Expands Into Brazil to Further Its Efforts to Enhance Livelihoods and Sustainable Development in Latin America
The fund is investing in small and medium-sized enterprises that create dignified income opportunities and improve local livelihoods while contributing to environmental conservation.
Source: BusinessWire

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