Climate Finance The Congo Basin forests are second only to the Amazon Basin as a natural carbon storage system. But for countries in the basin to make the transition from forest exploitation to ecosystem services will require both cooperation and capital. The Brazzaville Foundation is pushing forward with the nine-country Congo Basin Blue Fund introduced at
Traditionally, foundations have kept their investment sides separate from their giving sides. In 2012 the F.B. Heron Foundation set a goal to invest 100 percent of the foundation’s $250 million in assets to fight poverty by the end of 2017. CEO Clara Miller says Heron hit its target last year and “became one staff, working in a
Global Partnerships has lent $232 million to more than 100 microfinance institutions and other social enterprises in 14 countries since 2005, and hasn’t missed a quarterly payment to investors. Its clients have delivered finance, solar energy and agricultural inputs to millions of customers, whom are mostly women, rural and poor. How does Global Partnerships do it?
Climate Finance The European Commission is investing €300 million ($318 million) to develop 19 renewable power projects across Africa. When completed, the projects would add 1.8 gigawatts of renewable power generation to the continent. The EC is making the investment as part of the Africa Renewable Energy Initiative (AREI), a consortium of six multilateral and development
Last year’s deal between the Seychelles government and The Nature Conservancy’s NatureVest unit was touted as a game changer for climate finance (see, “Debt-for-Nature Swaps Let Impact Investors Finance Climate Resilience”). Behind the scenes, philanthropic grants helped convince the Seychelles to do the deal — and could be the key to engineering future deals for overburdened, climate-vulnerable
Accion International has raised $141 million for its Frontier Inclusion Fund. Accion will invest in fintech startups serving the more than two billion unbanked and underbanked customers worldwide. Investors in the final close included AXA, JPMorgan Chase, Mastercard, MetLife, Prudential and multilateral organizations and foundations. Globally, VC-backed fintech reached $12.7 billion last year, according to
IFMR seeks $82 million for financial inclusion funds IFMR Investment Managers, based in Chennai, is looking to raise at least 550 crore rupees ($82 million) to drive financial services for India’s huge population of un- or underbanked citizens. Two debt funds, a 10-year, 200 crore rupees ($29 million) fund and a five-year, 350 crore rupees