Energy start-ups from Rwanda and Zambia secure funding from an impact investor Opens-LCEF

ZAMBIA – Rwanda’s Munyax Eco and Zambia’s WidEnergy have secured investment from female-focused fund Opens-LCEF, an impact investor that provides catalytic capital to early-stage social enterprises in  emerging markets. Open-LCEF has a portfolio of 17 investments across 11 countries, seven of which operate in East Africa, and has established the Restart East Africa initiative to address the issue of female underrepresentation in the renewable energy sector. Supported by the DOEN Foundation and the Good Energies Foundation, Restart East Africa supports innovative impact organisations which have been impacted by COVID-19 or…

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Obviam merges with REYL’s impact investing firm Asteria Investment Managers

AFRICA – Obviam AG, a Swiss impact private asset manager, has merged with Asteria Investment Managers (Asteria), the recently launched impact investing firm controlled by REYL & Cie Ltd (REYL), to bring together complementary skills to create a unique and prominent player within the impact investing ecosystem. This transaction fits perfectly with Asteria’s core strategic plan devised upon its creation in 2019. Obviam‘s recognised private equity expertise offers strong complementarity with Asteria’s liquid markets and private debt focus. “The combination of these two businesses will enable us to further build…

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