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
-
Ghana Expands Tema Port Capacity With New Cargo Equipment
16:48
-
Liberia launches training to prepare creators for monetization on Meta and TikTok
16:38
-
West African Resources Payments to Burkina Faso Surge Past $398 Million in 2025
15:54
-
Cameroon Deploys 27 Trainees in Pilot Programme to Cut Plantain Post-Harvest Losses
15:54
-
Ethiopia Opens Livestock Market to Brazil in Supply Diversification Push
15:51
-
Zazu, Visa roll out digital business accounts for Moroccan SMEs
14:54
-
Cameroon approves diaspora-led CFA500bn Resort City project in Limbe
14:21
-
Togo fisheries output seen at 33,977 tons in 2026, down 6%
09:02
-
DR Congo lobbies Togo to back its candidate in OIF leadership race
08:49
-
Cocoa regains edge over robusta in Cameroon, still far below government targets
05:06
Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...
BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, i...
EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...
This week, Africa’s health outlook is shaped by mounting supply chain risks tied to global tensions,...
West African Development Bank allocates $131.8 million to support cotton sectors in Burkina F...
Meridian Port Services receives 16 electric RTG cranes for Tema Port expansion; $1.5 billion upgrade aims to raise capacity to 3 million TEUs...
150 Liberian content creators to attend monetization training on May 6–7, 2026, at the Bella Casa Hotel in Monrovia. Platforms involved: Meta...
WAF payments to the state rise to $398 million in 2025, more than double year-on-year Revenue climbs to $1.5 billion, driven by higher...
Ethiopia authorizes imports of meat, dairy, and animal genetics from Brazil Addis Ababa aims to boost supply and improve herd...
Sungbo Eredo, located in southwestern Nigeria near the Yoruba town of Ijebu-Ode, stands as one of the most remarkable yet overlooked monuments of...
“Dodji, l’Archet Vodoun” is a documentary about reconnecting with ancestral culture to understand one’s origins, following an initiation ceremony that...