24 September 2024

n°168
newswatch

Sep 24
Goodwell Enters Uganda for First Time with Fintech Deal
Goodwell Investments, the oldest impact investor in the Netherlands, has made its first foray into the Ugandan market with an investment in the Agent Banking Company of Uganda (ABC), a fintech focused on boosting access to quality and affordable financial services.
Source: Impact Investor
Sep 23
Temasek Marks 50th Anniversary with $77M Concessional Capital for Climate Action
To fulfil its stated objectives of connecting people, uplifting communities, protecting the planet, and advancing capabilities, Temasek has, since 2003, been setting aside a portion of its net positive returns above its risk-adjusted cost of capital.
Source: Dealstreet Asia
Sep 20
Sub-Saharan Africa: AFG Acquires Access Microfinance Holding
In a statement on Thursday, the bank stated that the acquisition, which included African microfinance institutions like AB Microfinance Bank Nigeria and Access Bank Liberia, marked a move for AFG Holding’s ambition to build a pan-African banking group offering cutting-edge digital financial services.
Source: The Punch
Sep 20
Climate Finance from Multilateral Banks up to $125 Billion in 2023
Global climate finance from multilateral development banks grew by 25% in 2023 to a record $125 billion, according to a report on Friday, with the fastest growth coming in richer countries. According to the report, climate finance for high-income economies, a World Bank category based on gross national income per capita, rose by 30% to $50.3 billion. Climate finance broadly refers to funding for climate change activities and can include grants, loans and proceeds from bonds. The expansion of the multilateral banks' climate finance in low- and middle-income economies was lower, growing by 23% to $74.7 billion.
Source: Reuters
Sep 20
What Is the Impact of Esma’s ESG and Sustainability Fund Naming Proposals?
Some 25% of funds could be using terminology that will fall under the new anti-greenwashing requirements and must either comply with the guidelines or change their names, says Christopher Cembram at MainStreet Partners.
Source: Funds Europe
Sep 19
EQT to Acquire Indostar Home Finance, an Indian Affordable Housing Finance Company, for INR 17.5 Billion (USD 210 Million) and Invest INR 5 Billion to Support Further Growth
Indostar Home Finance is a fast-growing affordable housing finance company with INR 24 billion (USD 286 million) in assets under management, that has supported over 39,000 low income homeowners and small businesses. India’s INR 30 trillion housing finance market presents a multi-decade growth story driven by strong government support, rising affordability and urbanization. EQT will invest INR 5 billion in primary capital to support Indostar Home’s continued growth, including by broadening its footprint across India and investing in digital capabilities
Source: Cision
Sep 19
Poland: SMEs to Get €200 Million in Growth and Green Financing under EIB Accord with SGEF Poland
The European Investment Bank (EIB) is lending SG Equipment Leasing Polska (SGEF Poland), a unit of France-based Société Générale, €100 million to support the development of small and medium-sized enterprises (SMEs). SGEF Poland will in turn provide new loans totalling €200 million.
Source: EIB
Sep 19
Watermelon Ecosystem Partners with biz2X for Embedded Lending & Invoice Financing to Food & Beverage SMEs
This strategic partnership will pair Biz2X’s leading small business financing platform with Watermelon’s digital ecosystem of restaurateurs and other F&B entrepreneurs, a growing sector in the Middle East and North Africa (MENA) region. At its core, this deal expands digital access to financing for SMEs, thereby powering economic transformation in the region and supporting the ambitions of food business owners.
Source: AP News
Sep 19
ADB Program to Boost Financial Development and Inclusion in Uzbekistan
The Asian Development Bank (ADB) approved a $300 million sector development program to support the Government of Uzbekistan’s efforts to expand access to finance for unbanked and underbanked microenterprises, fostering sustainable and inclusive growth in the country.
Source: ADB
Sep 18
Smallholder Farmer Adoption of Agtech ‘High but Inconsistent,’ Says New Study from 60 Decibels W/ Gates Foundation
Impact measurement organization 60 Decibels has released what it says is the first-ever study of smallholder farmers’ experiences with digital tools and services for agriculture. The 60 Decibels team estimates that there are nearly 1,400 of these digital agriculture solutions in low- and middle-income countries (LMICs) and that the market is expanding rapidly. However, much of the understanding about this ecosystem has been limited to supply-side metrics, with little attention paid to actual farmer adoption and value.
Source: AgFunderNews

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