Development banks back affordable mortgages in Serbia

Fewer than seven percent of adults in emerging economies have access to housing finance, according to the International Finance Corporation. The European Fund for Southeast Europe (EFSE) has extended a €20 million ($21.4 million) line of credit to UniCredit Bank to drive mortgage lending in Serbia. EFSE is backed by German development bank KfW and a

Armenia to open bids for its first solar power plant

Climate Finance Armenia is building out its renewable energy capacity. Construction on the South Caucasus country’s first ever solar plant is expected to begin in 2017 and be completed by 2020. The 40 to 50-megawatt plant in the east-central part of the country is part of a $58 million program to improve the country’s capacity for

EXEO raises $100 million to fill Africa food investment gap

Rapid urbanization, buy-local opportunities and increased precision on African farms are creating private-equity investment opportunities. The Pan-African firm EXEO Capital raised more than $100 million in the first close of Agri-Vie Fund II. The new fund continues the same investment thesis as EXEO’s first fund, which has committed $100 million to a dozen food processing

Fossil-fuel divestment is not just prudent asset-management. It’s the law.

Climate Finance The Ireland Strategic Investment Fund could soon be required to divest from fossil fuels. The Irish Parliament voted 90 to 53 to pass a bill requiring its public investment fund to divest its €8 billion ($8.6 billion) in coal, oil and gas investments over the next five years. The bill is likely to become

Palatine Private Equity closes $92.5 million for impact fund

Palatine Private Equity, based in Manchester, U.K., reached a £75 million ($92.5 million) first close of a £100 million fund. The firm is reportedly looking for impact investments of £10 million or less for the fund. It did not release details on the target impact metrics for the new fund. Palatine publishes a set of

Social crowdfunding platform raises £50 million — from 10,000 investors

Ethex, set up in 2013 to make social investing accessible to average earners, has invested in 55 projects. It channels the funds into charities and social enterprises involved in initiatives such as small-scale renewable energy, microfinance, and affordable housing. Photo Credit: Petras Gagilas