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
-
Gabon Turns to Deepwater Offshore Oil to Stem Decline of Mature Fields
09:04
-
Training to Innovate: MTN Nigeria Launches Accelerator to Boost African Startups
09:01
-
Bisie Tin Mine Misses Alphamin’s Q2 Target by 21% Due to Rebel Violence
08:57
-
Egypt’s Wind Power Success: A Blueprint for Africa’s Green Ambitions
08:42
-
Cameroon Renews Exclusive Contract with SGS for Import Certification
07:54
-
Souhila Merraouche Modernizes Housing Access in Algeria
07:52
-
Togo to Get Six Vocational Centers with €50M Funding from EBID
07:48
-
Cameroon’s Public Investment Drops 40.7% as Loan Disbursements Stall
07:41
-
Cameroon: Kribi to Host $24 Mln Tourism Complex with Hotel, Golf Course
20:25
-
Cameroon Inflation Seen Easing Below 3% by 2027 But Staying Above Regional Target in Near Term
19:53
Lebara Group is now bringing its affordable and reliable mobile services to Africa, starting with Ni...
Transport and food prices have been climbing steadily across Africa in recent years. In Côte d’Ivoir...
• BOAD releases CFA10 billion ($17.8 million) to support Boungou and Wahgnion gold mines.• Burkina F...
In a West African financial landscape marked by tighter regulation of the fintech sector, digital fi...
• Maritime sector faces renewed risks amid military tensions in the Middle East• Blockade fears at S...
Gabon is targeting deepwater oil to offset declining output, now at 200,000 b/d Investor-friendly reforms and better data access are driving...
MTN Nigeria launched a 100 million naira startup accelerator starting September The 12-week program offers funding, mentorship, and tech...
Rebel violence cut Bisie tin mine’s Q2 output to 4,106 tonnes, 21% below target H1 production hit 8,376 tonnes, 47% of Alphamin’s 2025...
Egypt opened Africa’s largest wind farm, raising Gulf of Suez capacity to 912.5 MW. Pro-investor policies have driven Egypt’s 340% renewable energy...
The Gerewol tradition is a fascinating ritual celebrated by the Bororo Fulani, a nomadic community primarily located in Chad and Niger. This annual...
In northern Ethiopia, in the Tigray region, lies Axum (also spelled Aksum), an ancient city that once stood at the heart of one of Africa’s most powerful...