Blended Finance Brief: July 2024
NEW DATA BRIEF: BLENDED FINANCE IN SUB-SAHARAN AFRICA: SME FINANCING
Our latest data brief explores financing for small- and medium-sized enterprises (SMEs) in Sub-Saharan Africa (SSA). SMEs play an important role in the economic development of the SSA region, however they face significant challenges accessing the financing needed to survive and grow. The brief shares insights from interviews conducted with industry stakeholders, exploring challenges for SMEs in SSA and opportunities for blended finance to support them.
Read the blog for key takeaways or become a member to read the full brief.
WATCH: GENDER-RESPONSIVE CLIMATE FINANCE WINDOW INFO SESSION
On July 17 we hosted an info session for our Gender-Responsive Climate Finance Design Funding Window, funded by Global Affairs Canada | Affaires mondiales Canada . The session explored how to apply, including evaluation criteria, grant eligibility, and more. It also featured a past grantee.
The window will award early-stage grant funding for the design and launch of innovative blended finance vehicles focused on the intersection of climate change and gender equality in emerging markets globally. In this funding cycle, we have a strong preference for climate adaptation vehicles at the proof-of-concept stage. The window is accepting concept notes for its Fall Round (Cycle 5) until August 30, 2024.
WATCH: GENDER AND ENERGY NEXUS WITHIN CLIMATE BLENDED FINANCE
Watch the launch event for the Catalytic Climate Finance Facility (CC Facility) Learning Hub’s inaugural report which takes stock of current practices in gender-responsive energy blended finance.
The report is divided into three sections:
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NEW GRANTEES: CAMCO & CLARMONDIAL AG
Convergence has awarded proof-of-concept grants to Camco and Clarmondial AG through the Gender-Responsive Climate Finance Window funded by Global Affairs Canada.
The grant awarded to Camco will support the design of the Transforming Island Development Through Electrification and Sustainability (TIDES) Fund, a $100 million blended finance structure, supporting the development of renewable energy projects across the Pacific Islands, promoting sustainable development and gender equity.
The grant awarded to Clarmondial AG will support the design of the Biosphere Integrity Fund, a blended finance structure which will finance the transition of emerging and developing market agricultural supply chains and sourcing landscapes to achieve targets on environment, local livelihoods, business resilience, and women's economic empowerment.
E-LEARNING COURSE: DEMYSTIFYING BLENDED FINANCE
Take Convergence’s free blended finance e-learning course to expand your knowledge of blended finance. The course takes just 40-60 minutes to complete and offers participants an introduction to blended finance.
UPCOMING EVENT: IMPACT INVESTMENT & BLENDED FINANCE EXECUTIVE PROGRAM
Run in partnership with Initiative for Blended Finance , Roots of Impact , and the Center for Sustainable Finance and Private Wealth at University of Zurich, this program empowers public, philanthropic, and private sector funders to collaborate effectively to achieve the Sustainable Development Goals. Don’t miss your chance to participate!
Making Older Buildings Green leasing them to Indoor Vertical Farms, Creating a $B+ business and 60%+ IRR
7 个月20% of all GHG emissions are created by moving food from where it's grown to where it's eaten. Growing food in cities in Indoor Vertical Farms is part of the solution. Indoor Vertical Farms uses 1% of the space, reduces GHGs and provides food security with vegetables free of pesticides. Local Grown Salads is launching and have found a way to get the primary financing through Green Bonds. The Bonds will be certified to be aligned with the UN SDGs. Because the financing is through the Bonds, investors are anticipated to receive a 10x return. DM me for details.