ImpactAlpha, April 6 – Hundreds of millions of smallholder farmers in East Africa are facing not only COVID, but also the worst locust swarm in decades. Most of their farmland is uninsured; when they lose crops, they lose income. Netherlands-based agtech company VanderSat uses satellite data to analyze farmland conditions using microwaves, rather than images.
Bangalore-based MedGenome offers early disease risk detection, inherited disease prevention and health care personalization for India’s smaller cities and other emerging markets.
If a whole generation of mission-driven enterprises go under in the looming recession, it will take years if not decades to rebuild the ecosystem.
To ensure financial relief packages are passed on to small businesses, workers, and the self-employed, Dalberg calls on development finance leaders to scale up coordinated liquidity models, guarantee concessional financing focuses on the most vulnerable and expedite deal processing times, among other recommendations.
That the fund went “from conception to announcement to disbursement within less than two weeks is a sign of what is possible when everyone acts with a sense of urgency and mutual trust,” says Bugg-Levine, who has led NFF since 2011.
Blue Planet Environmental Solutions secured $25 million from investment bank Nomura to divert waste in Asian markets from the landfill.
Without fast and targeted action, we could face a “Main Street bloodbath that...will very soon decimate local economies across the country for a long time,” warn New Localism Advisors’ Bruce Katz, Blueprint Local’s Ross Baird and The Governance Project’s Colin Higgins.