17 September 2024

n°167
newswatch

Sep 16
Erste Asset Management GmbH Acquires 100% of the Shares in Impact Asset Management GmbH
This strategic acquisition, which is still subject to regulatory approval, is intended to strengthen Erste AM’s position as a leading provider of ESG and sustainable investment solutions and also to expand its presence on the German market.
Source: Impact Asset Management
Sep 13
EIB, FirstRand Bank to Provide EUR 400M for Green Projects in South Africa
Under the initiative, the EIB and FirstRand Bank will each provide a loan of EUR 200 million for investments in solar and wind projects along with energy efficiency projects. The idea is to increase the supply of clean and sustainable energy in the country, lowering dependence on fossil fuels.
Source: Renewables Now
Sep 13
Vietnam’s Mekong Capital Receives Convergence Grant for Its Impact Initiative
Vietnam-based private equity firm Mekong Capital has been awarded a proof-of-concept grant from Convergence for its impact initiative, a multimillion-dollar blended finance project that aims to provide private growth stage funding and technical assistance for regenerative agriculture and sustainable land use businesses in the Lower Mekong region.
Source: technode global
Sep 11
India: Fintech Firm FlexiLoans Bags Rs 290 CR in Series C Funding Led by Accion, Nuveen, Fundamentum
MSME-focused digital lending platform FlexiLoans has secured Rs 290 crore in its Series C equity funding round led by global investors Accion, Nuveen (the investment manager of TIAA), and Fundamentum, along with existing backer Maj Invest.
Source: Money Control
Sep 11
Maybank Announces Strategic Investment in Funding Societies, Southeast Asia’s Largest MSME Digital Finance Platform
In conjunction with this investment, Maybank will explore collaborative synergies with Funding Societies to promote inclusivity and bridge funding gaps within the communities it serves.
Source: PR Newswire
Sep 11
Nepal: Dolma Impact Fund Launches Dolma Climate Fund, Marking Its 10th Anniversary
Dolma Impact Fund, Nepal’s pioneering international private equity firm, celebrated its 10th anniversary on Tuesday by launching the Dolma Climate Fund, a new initiative focused on investments in hydropower, solar energy, and the green transition.
Source: myRepublica
Sep 10
WaterEquity Announces $100M+ Raised for New Impact Fund Focused on Climate-Resilient Water and Sanitation Infrastructure
Investors include Microsoft, through their Climate Innovation Fund, as anchor investor, Starbucks, and Xylem as strategic investors, alongside Ecolab, Reckitt, Gap Inc., and others, with the goal of reaching 15 million people globally with access to safe water and sanitation
Source: GlobeNewswire
Sep 10
IDB Invest, Bancolombia and Atlas Renewable Energy Announce Investment to Boost Colombia’s Energy Transition
IDB Invest, Bancolombia, and Atlas Renewable Energy, a global leader in clean energy generation, have strengthened their commitment to mitigating climate change by finalizing a long-term financial agreement for the development, construction, and operation of the 201 MWp Shangri-La solar photovoltaic power plant in the Tolima department of Colombia. The financial package includes a senior secured loan totaling COP 473.77 billion (approximately $113 million), provided by IDB Invest and Bancolombia.
Source: IDB Invest
Sep 10
Prodigy Finance Launches $30 Million Blended Finance Programme to Enable the Next Generation of African Leaders
Prodigy Finance, a leading global higher education finance company, announces the launch of their $30 million Blended Finance programme in collaboration with The Standard Bank of South Africa Limited and Allan & Gill Gray Philanthropies.
Source: Yahoo Finance

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