The guarantee will support the expansion of KOKO Networks which supplies bioethanol-based cookstoves and fuel to low-income households, helping to replace charcoal and wood with a cleaner alternative.
The two investment funds will support small and medium-sized enterprises, aiming to address a funding gap which has hindered local business growth, according to the pension scheme.
The report evaluated 37 impact funds managing $326bn in combined assets, and found that 97% of funds do not regularly check the quality of their impact data.
The funding aims to drive sustainable growth by facilitating lending to climate-related projects and women-led enterprises, expanding financial inclusion, and helping to close the region’s $42bn gender financing gap.
The fund will give investors exposure to issuers that are having a positive impact on biodiversity, at a time of increasing awareness of the potential for impact and returns in nature-based investments.
The joint investment from three European DFIs will support food security while strengthening climate resilience across across sub-Saharan Africa. Agriculture remains core to many African economies, yet the sector faces persistent challenges.
Nature-based projects rose by an average of 15% annually between 2012 and 2021, yet scaling the sector remains a challenge, according to a report from the World Resources Institute and the World Bank.
Regenerative agriculture is among the sectors attracting more interest from nature-positive investors despite facing financial and structural barriers, according to responsAbility.
A new report has found that while impact funds accounted for 18% of net assets in European sustainable funds by the end of 2023, the sector is not immune to global headwinds.
Swedfund has allocated €40m to the Emerging Africa & Asia Infrastructure Fund, focusing on climate resilient infrastructure and digital connectivity in Africa and Southeast Asia.
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