Calvert Impact Capital invests $5 million in Palestinian housing finance

  • Three three-year loan... The money is going to Vitas Palestine, a 24-year-old microfinance institution that offers loans for small businesses and housing improvements for low-income Palestinians in the West Bank and Gaza.
  • Housing related... Sixty percent of Vitas Palestine’s lending activity addresses “major repairs after violent conflict” as well as more typical projects like general repairs or home expansion.
  

SoftBank backs Saudi Arabia’s ambitious solar effort

  • Big bucks… The initiative will cost $200 billion including the panels, battery storage, and a solar panel manufacturing facility.
  • Japan’s SoftBank... is backing the first, $5 billion, 7.2-gigawatt phase of the project.
  • Green jobs… Job creation also plays a role in Saudi Arabia’s solar, and broader Vision 2030, plans.

Entrepreneurs from eight countries join Endeavor

Endeavor connects high-growth companies with the potential to employ thousands of people to a global network of mentors, resources and customers. At its Dubai event, the network selected entrepreneurs from more than a dozen firms in Argentina, Ecuador, Indonesia, Jordan, Spain, South Africa, Tunisia and the United Arab Emirates to join its network. AWOK, in Dubai,

In the Middle East, VilCap and MetLife select 11 new fintech prospects

The MetLife Foundation is backing Village Capital’s latest financial tech program in Dubai later this month. Eleven startups have been selected from across the Middle East. Jordan-based Solfeh provides Islamic finance-compliant cash advances to low-income workers. Lendflo is a blockchain-based peer-to-peer lending platform (see full list of the 11 selected companies below, courtesy of Village Capital) The