The collaboration will offer flexible lending to small and medium-sized enterprises. Access to financing remains one of the most significant obstacles to growth for small businesses in the UK.
The new facility will support clean energy integration across South Africa, create 20,000 jobs and boost the local economy in the country’s Eastern Cape province.
Six public development banks from Europe and Asia launched the Clean Oceans Initiative 2.0 as the third United Nations Ocean Conference kicked off this week.
The fund, which is focused on business opportunites that can create a more resource-efficient food system, is supported by a range of institutional backers from Finland.
The Danish development finance institution has also introduced a new private-public initiative, the Danish SDGII Fund. It wants its new branding to reflect its international outlook and global partnerships.
The French multi-stage venture capital fund focuses on investing in AI-powered solutions in the consumer, healthcare, financial services and energy sectors.
The Water Access Acceleration Fund attracted commitments from international development finance institutions, foundations, family offices, and private investors.
Commitments from a range of financial services organisations and from development finance capital will allow the fund to invest as much $1bn in next-generation infrastructure across Africa and Asia by 2028.
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