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Church pension fund backs off-grid solar in Africa and south Asia

The $75 million Off-Grid Solar and Financial Access Senior Debt Fund aims to impact one million people in sub-Saharan Africa and south Asia and reduce carbon dioxide by four million tons. The Church Pension Fund, which serves the Episcopal Church, invested $17 million in its second in off-grid energy investment. The $13 billion fund has about

Ramping up global health investments to fight diseases of low-income countries

After a rocky start, the $108 million Global Health Investment Fund has made its 10th investment, leading a $10 million financing for Vienna-based Themis Bioscience, which has made good progress on a vaccine for the chikungunya virus . The mosquito-borne disease is found in 60 countries, mostly in Africa and Asia. Death from the disease is

SV99 points to high-growth, high-impact Chinese investment opportunities

Cross the world’s second-largest economy with global social and environmental goals and you may find high-growth, high-impact investment opportunities. That’s what the Social Value 99, a list of publicly listed Chinese companies ranked by economic, social and environmental performance, is intended to showcase. The China Alliance of Social Value Investment, a Shenzhen, China-based social finance

The U.S. population is growing while other advanced economies are shrinking

As global population increases from 7.6 billion in 2017 to a projected 9.8 billion in 2050, half that growth is expected to be concentrated in just nine countries (in order of expected contribution): India Nigeria Democratic Republic of the Congo Pakistan Ethiopia Tanzania United States of America Uganda Indonesia How Dreamers boost the American economy One reason

Reasons for optimism about the new year

“Most important story of 2017 is that the global poverty rate reached its lowest level ever,” tweeted economist Bill Easterly. “This will probably be the most important story of 2018 also. Happy New Year.” One reason: China. In the past three years, the world’s most populous country has cut by half the number of people living

State Bank of India backs small-business lender Lendingkart

The Ahmedabad-based company helps unbanked business owners in India get access to loans and lines of credit. Since 2014, it has provided short-term loans to 12,000 small businesses, but demand is exponentially greater, Inc24 reports. The latest backing from the government-run State Bank of India will be used to extend Lendingkart’s reach to 950 cities, up from

Vionx Energy raises $5 million for battery-storage technology

Improving storage capacity and reducing battery costs are key to expanding renewable-energy sources like solar and wind. Woburn, Mass.-based Vionx produces utility-scale “flow batteries,” an alternative to the lithium-ion batteries that are now standard. Flow-battery technology is considered well suited to the utility industry because of its longer lifespan and capacity, but it still needs to