Nighttime satellite photos show a great expanse of darkness occupying most of the African continent, while Europe and North America twinkle with light. The Atlas of Africa Energy Resources, from the UN Environment Program and the African Development Bank, confirms an African energy crisis that will get worse as energy demand increases with population increase,
Lendingkart has received $7.8 million in loan capital for small businesses in India. The Bangalore-based financial tech company will use debt financing from Yes Bank to expand its small-business lending across India. Lendingkart’s software underwrites small-business credit risk to enable small loans of around $6,000. It has a lent to businesses in 650 Indian cities. The Yes Bank
“Both large and small investors should stick with low-cost index funds,” wrote Warren Buffett in his annual letter to Berkshire Hathaway shareholders. It seems people are heeding his advice. Passive investment funds — ones that track stock market indices — could own the whole U.S. stock market by 2030 if the current rate of growth continues. Today, about 30% of
Greetings, ImpactAlpha readers! #Dealflow: Follow the Money On World Refugee Day, OpenInvest points its robo-advisors toward refugee inclusion. OpenInvest allows investors to back publicly-listed companies that have forward-thinking policies towards refugees, including Starbucks, which has committed to hiring 10,000 refugees in the next five years, and H&M and Google, which are pledging funds for refugee aid.
Massachusetts has launched a social-impact bond to fund immigrant and refugee workforce development. The goal is to build a model for improving employment rates and earning potential among Boston’s 230,000 non-native English speakers who, on average, earn $24,000 less per year than similarly-skilled English speakers. Jewish Vocational Services will work with 2,000 adults in Boston
Goodera has raised $5.5 million to help corporations manage their social-responsibility efforts. Goodera was started in 2014 to hold corporate social responsibility initiatives accountable to impact claims. The Menlo Park, Calif. and Bangalore-based platform was backed by Omidyar Network, Nexus Venture Partners, and Varsha Rao, Airbnb’s former head of operations. “CSR activities need to go beyond
Canada’s five-year Low Carbon Economy Fund will finance regional public, private and nonprofit initiatives to reduce greenhouse gases and pollution and develop climate-friendly technologies. The fund is part of the “Pan-Canadian Framework on Clean Growth on Climate Change” to drive collaboration among Canada’s national, provincial and local governments. Most of the money will fund project