PEG Africa raises $13.5 million to expand off-grid solar in West Africa

The company offers pay-as-you-go home solar systems to 200,000 off-grid customers in Ghana and the Ivory Coast. It plans to use the new funds to reach 500,000 customers. The latest round is part equity, part debt. The debt portion, coordinated by solar-business lender SunFunder, which has arranged more than $25 million in loans to 30

Rhode Island Foundation earmarks 5% of endowment for impact investing

The Providence, R.I.-based community foundation is the latest to venture into impact investing to boost its strategic objectives — educational success, healthy lives and economic security for Rhode Islanders. Its first two investments include a $1 million bridge loan to Rhode Island Public Radio and a $300,000 purchase of preferred stock in the Urban Greens Food Co-op. The

Impact tax hacks, Milwaukee startups, China’s impact ecosystem, closing the 2°C climate action gap

Greetings, ImpactAlpha readers! #Featured: Returns on Investment podcast Tax Hacks: Turning tax reform toward inclusive prosperity. Oliver Wendell Holmes Jr. called taxes “the price we pay for civilization.” In ImpactAlpha’slatest Returns on Investment podcast, our regular roundtable goes even further: how can the tax code be used to nudge investments toward a future we’d all

Tax Hacks: Turning tax reform toward inclusive, sustainable prosperity (podcast)

Oliver Wendell Holmes Jr. called taxes “the price we pay for civilization.” In the latest Returns on Investment podcast, our regular roundtable goes even further: how can the tax code be used to nudge investments toward a future we’d all want to live in? “You have a leadership that can’t think beyond ‘less taxes,’” says Imogen

U.S. may equip OPIC for 21st century development finance

Investing to end poverty and improve social outcomes around the world is gaining favor. The UK recently boosted the amount of development finance capital it will deploy. Canada is creating its own development finance institution. China’s DFIs are growing. Now, the Trump administration, with bipartisan support, is working on plans for a new U.S. development agency, reports Devex.

A clean dozen cities aim to be fossil fuel-free by 2030

Cities produce 75 percent of global greenhouse-gas emissions. “The transition to a sustainable economy will be won or lost in our cities,” states the Carbon Disclosure Project. Last week, 12 cities signed a Fossil-Fuel-Free Streets Declaration prepared by the C40 Climate Cities Leadership Group, pledging to achieve zero emissions by 2030. Get ready, residents of

Calvert Foundation will become Calvert Impact Capital

The rebranding is intended to bolster the firm’s ability to attract capital from institutional and other investors, by eliminating confusion around the term “foundation,” CEO Jenn Pryce said. That term created a misperception that the non-profit financial-services firm was focused on philanthropy “rather than investments,” she said. The Bethesda, Md., firm is known for its Community Investment