22 October 2024

n°172
newswatch

Oct 21
Gaia Calls for Development of Secondary Market in Sub-Saharan Africa
Impact fund manager Gaia highlights the challenges facing the transition to clean energy in sub-Saharan Africa in the absence of a viable secondary market.
Source: Impact Investor
Oct 21
EAIF Expands Mandate to Invest in South & South East Asia, Officially Becomes the Emerging Africa and Asia Infrastructure Fund (EAAIF)
The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, managed by Ninety One, has announced its expanded mandate to stimulate sustainable infrastructure investment and growth in South and Southeast Asia. EAIF has been consequently renamed the Emerging Africa and Asia Infrastructure Fund (EAAIF).
Source: FAnews
Oct 21
upGrad Raises $60MN from Temasek at $2.25bn Valuation
The sector is witnessing a recovery as Physics Wallah, an online edtech platform, has recently closed $210mn funding round led by Hornbill Capital, achieving a post-money valuation of $2.8bn. Another education firm Eruditus secured $150mn.
Source: Outlook Start-up
Oct 21
Cooler Finance: Investing in Sustainable Cooling for a Warming World
The Cooler Finance: Mobilizing Investment for the Developing World’s Sustainable Cooling Needs report underscores the growing importance of sustainable cooling in a rapidly warming world. With billions of people facing the risks of extreme heat, food spoilage, and inadequate healthcare, sustainable cooling is not only an environmental necessity but also a business opportunity. By bridging the financing gaps and adopting innovative cooling technologies, developing countries can safeguard the health of their populations while contributing to global climate goals.
Source: Devdiscourse
Oct 18
Brazil’s First Blended Finance Auction Raises $7.9 Bln for Sustainable Projects
Brazil's finance minister said on Friday that the country's first auction under the so-called Eco Invest credit line program raised 45 billion reais ($7.93 billion) in financing for sustainable projects.
Source: XM
Oct 18
India: Eruditus Secures $150 Million Series F Funding Led by TPG's The Rise Fund
The funding bolsters Eruditus' global growth and will be used to invest in AI technology to further enrich the learner experience, expand the company's rapidly growing business serving governments and enterprises and deepen its investments in the India and APAC regions.
Source: PR Newswire
Oct 18
IFC Invests in Türkiye’s First Blue Bond Issuance by QNB Türkiye, Boosting Climate Finance Market with Green Bond
IFC’s efforts in mobilizing climate finance in Türkiye are part of its broader strategy to support the country’s goal of achieving net-zero emissions by 2053.
Source: Devdiscourse
Oct 17
El Salvador Lands Debt-for-Nature Swap
El Salvador raised $1 billion from lenders to repurchase $1.031 billion worth of bonds at discounts to par after pledging to use the savings for a river conservation program, a deal billed as the world’s largest debt conversion for nature conservation.
Source: LatinFinance

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