South Africa’s GreenCape and National Treasury’s Jobs Fund have launched an approximately R488m Green Outcomes Fund (GOF), which provides outcomes-based matched funding to local investment funds to support investments into green local Small, Medium and Micro-sized Enterprises (SMMEs).
Vital Capital, an impact investor focused on companies in sub-Saharan Africa, has announced a new debt facility providing loans to promising businesses to help them get through the coronavirus pandemic while continuing to offer essential services.
Social Investment Managers and Advisors (SIMA), a new generation of impact investment manager, has launched a $90m senior debt fund targeting off-grid solar energy and financial access in Sub-Saharan Africa and South Asia.
SDG500, a $500m impact investment platform, has launched, combining partners from the private and public sectors, including United Nations entities, non-governmental organisations and a private equity firm, to catalyse investments that will help achieve the Sustainable Development Goals (SDGs).
Norfund has, together with Shuraako, the Danish development finance institution, IFU, and Arsenault Family Foundation, established a $10m fund for supporting small and medium sized companies in Somalia.
Shell Foundation, a UK-registered charity, together with FMO, the Dutch entrepreneurial development bank, have launched the $120m Energy Entrepreneurs Growth Fund (EEGF), with an initial close of $45m.
OP and Finnfund have announced plans to establish Finland’s first impact fund that will invest into emerging markets.
The BlueOrchard Emerging Markets SDG Impact Bond Fund has exceeded the $300m mark since start of fundraising in December 2018.
The African Development Bank alongside donor partners has launched the Africa Digital Financial Inclusion Facility (ADFI), an innovative financing facility designed to accelerate digital financial inclusion across Africa.
BNP Paribas Asset Management (BNPP AM) has launched a new Emerging Markets Equity mutual fund that will have exposure to South African equities. The BNPP AM Emerging Markets Equity Fund seeks long-term capital appreciation by investing in quality companies at a compelling price over a long-term investment horizon.
Global impact asset manager Finance in Motion has joined forces with Unique, a timber sector advisory company, to establish a new impact fund for sustainable forestry, the Arbaro Fund.
Norfund has, together with Shuraako, a program of One Earth Future, and the Danish development finance institution, IFU, have launched the Nordic Horn of Africa Opportunities Fund.
Imperial College London and the Massachusetts Institute of Technology (MIT) have launched a seed fund for ‘blue-skies’ research worth up to $100,000, with a regional focus on Africa.