Development finance

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 €400m Fondo de Impacto Social (FIS) has invested €15m into the Global Social Impact Fund II which supports SME’s contributing to the economic and social inclusion of vulnerable communities in Spain.

The funding will allow HBL, the largest bank in Pakistan, to increase badly needed financing for the country’s smallholder farmers and agribusinesses.

Incofin is one of three portfolio managers of the Global Gender-Smart Fund, which was founded last year to address the $1.7trn gender gap in financial services in emerging markets.

The agreement is focused on boosting foreign exchange liquidity in West African economies, which is crucial for the import of key goods.

Plus, UK charity calls on European corporates to do more to end acid attacks | BII loan agreement to boost clean energy in Nepal.

The Netherlands-based blended finance fund manager is hoping the new vehicle will unlock private sector investment for a vast range of green hydrogen technologies.

Financing for climate change initiatives and a just transition just got harder with the return of Donald Trump to the White House, but development banks meeting in South Africa resolved to step up efforts to help close the funding gap.

The fund, which focuses on boosting access to solar power across sub-Saharan Africa, was backed by a range of private investors and development finance institutions.  

The initiative seeks to tap City of London expertise to develop ways to increase sustainable sovereign debt financing in emerging markets.