Development finance

The $10m investment is the fourth loan to date to Platcorp Holdings Limited, an impact investment management company focused on lending to MSMEs in Kenya, Uganda, Tanzania and Zambia.

Proceeds from the latest bond in the series will provide financial support for high-impact enterprises owned and operated by women, as well as disadvantaged communities in India, Indonesia, the Philippines and Sri Lanka.

The investment is part of a €100m EBRD-led financing package for MHP SE, aimed at safeguarding jobs and building resilience in the Ukrainian food and agricultural sectors during the ongoing war.

GIP Zambia, with $70m of initial funding, builds on a model developed by BII and its partners in Ghana to provide finance for firms overlooked by the existing banking system.

Funding from Lagata and other European-based investors will allow Miro to expand output of plywood for export from its operations in Sierra Leone and Ghana.

The new organisation will focus on the energy transition, digitalisation, improving access to funding for entrepreneurs and boosting innovation and international impact, the Invest-NL CEO tells Impact Investor.

Co-investment by public and private institutions such as pension funds is key to closing the global sustainable development financing gap, a UN-backed development finance conference in Seville heard.

EIB has contributed $18m to the fund, a partnership between UBS Optimus Foundation and Bridges Outcomes Partnerships, which supports outcomes-based programmes in low- and middle-income countries.

A new report from climate change think tank E3G proposes a blueprint to bridge the climate finance gap in developing countries.

The Danish early years teachers’ pension fund has invested into Danish SDG Investment Fund II, which aims to make 20 investments across Africa, Asia and Latin America in support of the green transition and improving social conditions.