15 October 2024

n°171
newswatch

Oct 15
Pakistan: Between Coal and Clean Energy
At heart of this unforgiving situation, lies country’s ‘coal dilemma’ which is compelling it to make some stark choices on its energy front.
Source: The News International
Oct 15
Ninety One Launches Sovereign Biodiversity Index
Ninety One, a global investment manager based in South Africa with £128.6bn (€153.7bn) in assets under management, has launched its Sovereign Biodiversity Index, to assess how governments are impacting nature and biodiversity. The index, which features 116 countries, gives sovereign debt investors a quantitative tool to assess a country’s nature and biodiversity risks, the firm said.
Source: Impact Investor
Oct 14
IFC Invests $25 Million in Acumen’s Fund to Improve Energy Access in Africa
The International Finance Corporation (IFC) has pledged up to $25 million to Acumen's Hardest-to-Reach (H2R) Fund, a $200 million initiative launched to improve energy access in Sub-Saharan Africa's underserved regions. The Fund is designed to finance off-grid solar companies operating in 16 countries with low electrification rates.
Source: Techpoint Africa
Oct 11
LPs up Allocations to Impact Strategies, Attracted by Financial Performance – Rede Partners
Investors have increased their commitments to impact funds over the past two years. They are expected to continue shifting capital into the strategy, according to a survey by placement agent Rede Partners.
Source: Prequin News
Oct 11
AfricInvest and Health Finance Coalition Close $111M Transform Health Fund to Strengthen African Healthcare Systems
AfricInvest and the Health Finance Coalition (HFC) have announced the final close of the pan-African Transform Health Fund (THF), a pioneering blended-finance initiative designed to strengthen healthcare systems across Africa. The Fund has surpassed its original target, raising $111 million through investments from commercial entities, public institutions, and private donors.
Source: Tech in Africa
Oct 9
An Under-Recognized Obstacle to Solar Access in Africa: The Impact of Foreign Exchange Risk — And How to Mitigate It
Volatile exchange rates can drastically affect the costs of importing solar equipment, which is typically priced in hard currencies like US dollars or euros, while revenues are often earned in local currencies. This mismatch exposes companies to financial risks, eroding their profit margins and destabilizing their financial planning.
Source: Next Billion
Oct 9
Fintech Platform for the Underserved Middle Class Surfin Raises US$12.5 Million from Insignia Ventures Partners, as It Sustainably Uplifts 60 Million Lives Across 3 Continents
This funding round comes as Surfin announces its service to 60 million individuals across eight countries on three continents, with approximately $2.7 billion in cumulative transactions.
Source: Benzinga
Oct 8
India: MFIN Tightens Underwriting Guidelines for Lenders amid Over-Indebtedness Concerns
The microfinance industry's self-regulatory body MFIN announced that it has tightened loan underwriting guidelines for its members amid concerns about over-indebtedness among the borrowers.
Source: The Economic Times

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