Development finance

The early commitment of DKK 1.1bn aims to bolster support from the fund’s other development partners and accelerate the delivery of the 2030 SDGs and Paris Agreement climate agenda on the African continent.

Although Vietnam has made progress in reducing poverty and growing its economy in recent years, its small and medium-sized businesses often struggle to access financing, according to the DFI.

Norfund has joined AIIM’s IDEAS Fund and the Mahlako Energy Fund to launch Anthem, a large-scale renewable energy platform which integrates several businesses and projects covering wind, solar PV and a hydroelectric plant.

The French-African fund attracted investments from institutional investors, development banks, pension funds and European and African family offices.

The investment brings total assets under management to around $95m, which will be used to support SMEs in developing countries working in the fields of renewable energy and sustainable agriculture.

A Rainforest Foundation Norway and the Rights and Resources Initiative report reveals declining financial support to strengthen tenure rights for indigenous people.

The New York-based impact investor said the initiative is the first to bring together public, private, and philanthropic partners to support a model that delivers electricity to local communities.

FSD Africa has partnered with the UN Economic Commission for Africa and the Children’s Investment Fund Foundation on a programme to help African governments unlock fiscal space for sustainable development and climate action.

The head of impact at SNIB discusses the motivations for setting up a development bank dedicated to directing capital to respond to Scotland’s economic, social and environmental challenges.

Rance Timber manages 14,000 hectares of pine plantations of which more than 40% is made up of protected indigenous forests, grasslands, riparian zones and other vegetation types to improve biodiversity and water quality.