Blue like an Orange finances information technology acquisition in Brazil

ImpactAlpha, June 13 – Grupo Cimcorp, one of Brazil’s largest information technology service providers, lined up an undisclosed amount of financing to acquire a local software company. Blue like an Orange Sustainable Capital, the debt fund founded by former World Bank officials to finance the Sustainable Development Goals, provided $25 million of the total financing,

Investors managing $2 billion call for smart subsidy to scale mini-grids

ImpactAlpha, June 11 – Rural electricity has often required subsidy. The self-sufficient electricity grids known as mini-grids are no different, say a dozen impact investors with $2 billion under management. Investors including Acumen, Blue Haven Initiative, and Ceniarth, as well as Engie Powercorner, Responsability and KawiSafi Ventures are calling on donors and governments to provide results-based financing to subsidize rural connections that could