Dec 2019
Philippines-Based AC Energy Launches $400 Million Green Bonds
December, 10 2019
Philippines - The aggregate principal amount is $400 million, with a fixed coupon of 5.6% for life. This marks the first-ever dollar-denominated fixed-for-life green bond ever issued in the world, according to the company ...
$120m Growth Fund to Boost African Off-Grid Solar Power Companies
December, 10 2019
Sub-Saharan Africa - The Shell Foundation together with the Dutch entrepreneurial development bank, FMO, have announced the launch of the $120 million Energy Entrepreneurs Growth Fund (EEGF), with an initial close of $45 million, providing catalytic financing for early to growth stage companies in sub-Saharan Africa operating in the access to energy ecosystem ...
Sri Lanka’s LOLC Prepares to Sell Its Biggest Overseas Unit
December, 09 2019
Sri Lanka - LOLC Holdings Plc, Sri Lanka’s second-largest publicly traded company by revenue, plans to sell its stake in a unit in Cambodia and use the proceeds to fund acquisition of microfinance firms in emerging markets from Brazil to India ...
Foundations and Family Offices Create a Fund to Support Impact Investing
December, 05 2019
Global - Key investors and philanthropic supporters of impact investing have joined forces to announce a new grant-making vehicle intended to strengthen the integrity of investing practices for social and environmental good, and to scale the movement to reach a broader array of investors. ...
African Development Bank to Launch $270m Fund for Social Impact Investors
December, 05 2019
Sub-Saharan Africa - The Social Investment and Impact Fund for Africa, raised from the European Union and from other development finance institutions, was agreed just last week. It will provide guarantees and equity investments of between $2.3 and $5m to intermediaries that finance social businesses, as well as grants for technical assistance. It will not invest directly into social enterprises ...
Green Bonds Set for Shake Up as EU Agrees Rules for Sustainable Financial Products
December, 05 2019
Europe - The $200 billion green bond market is set for a shake up after the European Union on Thursday reached a deal on a new set of rules governing which financial products can be called “green” and “sustainable” ...
N. Lee, Senior Policy Fellow, Center for Global Development: Here’s How Countries Might Actually Reach the UN Sustainable Development Goals
December, 04 2019
Global - Instead of the senior lending that dominates DFI operations, a stretch fund would deploy more subordinated products like equity, junior debt, and guarantees. By taking on more risk, these open up space for more risk-averse investors ...
B. Chakravorti and R.S. Chaturvedi, Tufts University: Research - How Technology Could Promote Growth in 6 African Countries
December, 04 2019
Africa - We wondered whether the true acceleration potential for the region lies in the rapid spread of mobile digital technology, which would help the region “leapfrog” ahead in its economic development. At the Tufts Fletcher School, in a research project funded by the Mastercard Impact Fund administered by the Mastercard Center for Inclusive Growth, we examined this proposition ...
Could Agriculture and Forestry Be the New Frontier for Green Bonds?
December, 04 2019
Global - As the green bond market continues to expand, and pressure on the agricultural and forestry sectors to sustainably increase production grows, green bonds targeting land use could become a larger feature in the market. However, there are challenges to overcome--not least, the scale of greenhouse gas (GHG) emissions from the sector ...
EM Debt in the 2020s — Investing in an Unstable World
December, 04 2019
Emerging markets - Emerging Market debt is closing the decade on a strong footing. With double-digit total returns and below-average volatility, investors have enjoyed a solid performance this year, prompting capital to flood back into the asset class after a difficult 2018 ...
Migo Raises $20m to Help Provide Digital Credit in Nigeria & Brazil
December, 03 2019
Nigeria & Brazil - An estimated 90 million adults in Nigeria and 100 million adults in Brazil have no access to credit. As such, the company views the sector as “a massive area of untapped growth for emerging market banking ecosystems. ...
ADB Loans to Help Improve Access to Housing Finance in Uzbekistan
December, 03 2019
Uzbekistan - The Asian Development Bank (ADB) has approved $200 million in loans that will help the Government of Uzbekistan reform its housing finance programs and provide families with more affordable mortgage products, ADB’s Country Office in Uzbekistan said ...
Europe Set to Overhaul Its Entire Economy in Green Deal Push
December, 02 2019
Europe - The European Union is gearing up for the world’s most ambitious push against climate change with a radical overhaul of its economy ...
India: Ujjivan Small Finance Bank IPO Subscribed 1.62 Times on Day 1, Retail Portion by 8.6x
December, 02 2019
India - The public issue comprises a fresh issue of Rs 750 crore, will close on December 4. The company has fixed a price band at Rs 36-37 per share for the IPO ...
India: IFC Invests $200m in Mahindra Finance to Create a Pool to Fund MSMEs
December, 02 2019
India - World Bank Group’s subsidiary International Finance Corp (IFC), on Monday, invested $200 million in Mahindra & Mahindra Financial Services Ltd (Mahindra Finance), as part of its plan to create a dedicated pool of financing for micro, small and medium enterprises (MSMEs) in low-income states ...
S. Khanna, Greenlight Planet, and M. Padmanabhan, Pollinate Group: Beyond the Bottom Line - How Changing the Supplier-Distributor Dynamic Creates Better Products for People Living in Poverty
December, 02 2019
Global - Too often supplier and distributor relationships are purely transactional, one-way and unresponsive. However, what customers living in poverty need is to be served by true partnerships that continually focus on the end user ...
Ethiopia to Keep Banking Sector Only for Domestic Investors - Draft Law
December, 02 2019
Ethiopia - Ethiopia will not open up its banking and insurance firms to foreign ownership even as it clears the way for overseas investors to buy into other sectors of its economy, a draft law seen by Reuters on Monday showed ...

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