ResponsAbility Investments backs Women entrepreneurs in emerging markets with $175 mln
Thursday, 18 July 2019 14:42
Switzerland-based asset manager, ResponsAbility Investments AG, is disbursing $175 million to support about 30,000 small and medium-sized enterprises (SMEs), as well as entrepreneurs (mainly women) in emerging markets.
The sum was raised through the issuance of U.S. Dollar dominated-debt securities maturing in 3 years to institutional investors such as Overseas Private Investment Corporation (OPIC), the US development finance agency; Alecta, the Swedish private sector pension management company; and Calvert Impact Capital, a US investment company.
According to Tracey Webb, OPIC’s Vice President for structured Finance and Insurance, the partnership between her institution and ResponsAbility will contribute to expand access to financing for micro entrepreneurs and small business owners, especially women.
Financial needs for SMEs in Africa is valued at up to $140 billion per year, according to data from the African Finance Company (Cofina).
Chamberline Moko
Live News
-
World Bank Approves $124 Million for Irrigation Project in Tunisia
17:26
-
Egypt’s SUMED pipeline flows jump 150% as Iran-related conflict shifts oil routes
17:14
-
Renewables Hit 49% of Global Power Capacity, Led by Solar
16:47
-
South Africa: $884M Mulilo Investment to Add 716 MW to Power Grid
16:24
-
IMF appoints Mauritania’s Zeidane to head Africa Department
18:56
-
BCEAO sets June 30 deadline for operators to join instant payment platform
18:52
-
Cameroon higher education group plans microfinance bank for student startups
18:34
-
Internet Freedom in Africa Remains Uneven in 2026 Despite Rising Access
18:30
-
Cameroon Delivers Tractors to Agropoles to Scale Production and Agro-Processing
18:28
-
Togo receives CFA1.6B Chinese rice donation to support food security
15:01
A $147M Novastar Ventures fund backed by major Japanese firms offers co-investment rights int...
Efforts to reinforce health systems are gaining pace across Africa, with this week’s developments fo...
Coca-Cola will invest $1.03 billion in South Africa by 2030 to expand capacity and distributi...
Operator explores renewable energy partnership with Italy’s Ascot Energy Move aims to stabilize p...
ECOWAS and IMF sign cooperation framework to strengthen policy alignment West Africa’s grow...
Initiative targets infrastructure, climate-smart farming and productivity gains Project to benefit 13,000 farmers and create jobs The World Bank’s...
Oil flows via Egypt’s SUMED pipeline surge 150% amid tensions Route gains importance as shipments bypass Strait of Hormuz Strait traffic drops...
Renewables reach 49% of global electricity capacity in 2026 Record growth led by solar and wind additions Expansion concentrated in major economies,...
Mulilo to invest $884 million in South Africa energy projects Funding will add 716 MW via solar plants and storage Projects aim to improve power...
“Dodji, l’Archet Vodoun” is a documentary about reconnecting with ancestral culture to understand one’s origins, following an initiation ceremony that...
The Bijagos Archipelago, located off the coast of Guinea-Bissau, stands as one of West Africa’s most extraordinary island systems. Made up of around forty...