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Saudis pledge first $100 million for World Bank facility for women entrepreneurs

Expect to hear more about the Women’s Entrepreneurship Facility before the G-20 meeting in July, where World Bank President Jim Yong Kim wants to announce a $1 billion raise. Ivanka Trump initiated discussions with Kim about the fund, which also has the support of Germany’s Angela Merkel. That Saudi Arabia is contributing to the fund’s first

Realizing the potential of women entrepreneurs in Africa

Gender lens investing is gaining traction with investors around the globe and Africa is no exception. In my role as senior gender lens investing advisor at the Wharton Social Impact Initiative, I got together with Isis Nyong’o Madison to reflect on discussions and lessons learned at Sankalp Africa Summit. The 2017 gathering of more than

1776 in New York City launches incubator for startups by women, for women

With its headquarters in Washington, D.C., and additional sites in Dubai, New York City and San Francisco, 1776 supports startups in government-dominated markets (think education, energy, health, transportation). With the Kate Spade Foundation, 1776’s Brooklyn-based affiliate is launching a new program that will support startups led by women entrepreneurs that are solving challenges faced by

No performance difference between diverse asset managers and their peers

Over the last decade the Knight Foundation has moved 22.5 percent of its endowment, or $472 million, to management by women- and minority-owned firms. Now, Knight is sharing what it has learned in a new study. “There is no legitimate reason not to invest with diverse asset managers in the 21st century,” said Knight’s Alberto Ibargüen.

Score one for gender wage transparency: Starbucks says it pays women equally

Starbucks says it pays women equally. Starbucks’ disclosure follows a proxy ballot measure on gender wage transparency filed by Arjuna Capital, a Starbucks shareholder. In its report, Starbucks says it pays comparably-skilled male and female employees within 99.7 percent of each other. That’s at the far end of the retail bell-curve. On average, women in retail

YWCA in Arizona creates $1 million loan fund for minority women entrepreneurs

Women Rising YWCA in Arizona has created a $1 million loan fund for minority women entrepreneurs. The YWCA of Southern Arizona launched the fund to facilitate lending to women and minority entrepreneurs whose businesses support regional economic development. “This is a two-pronged strategy that puts tools in the hands of women and changes the systems

Agora Partnerships facilitates variable-payment loans in Nicaragua

Agora Partnerships, a Latin America social-venture accelerator, is facilitating “variable payment obligations,” or VPOs, that tie loan repayment to free cash flow. VPOs help small businesses without fixed assets or loan guarantors get much-needed funds. For the Nicaragua effort, Agora, backed by USAID and the Argidius Foundation, has joined forces with a local bank, Banco