Acre Impact Capital gets backing from Rockefeller Foundation & PIDG

AFRICA – The Rockefeller Foundation and the Private Infrastructure Development Group (PIDG), through its company GuarantCo, have invested in Acre Impact Capital, an impact-focused investment manager. “We are excited about the potential of Acre Impact Capital high impact and innovative strategy, which leverages the ECA market to mobilise largescale capital and address the huge financing gap for emerging market infrastructure,” said Maria Kozloski, Senior Vice President of Innovative Finance at The Rockefeller Foundation. Founded in 2019, Acre Impact Capital invests in growth-stage, climate-aligned infrastructure in emerging markets by partnering with leading…

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Rockefeller Foundation backs Covid-19 response efforts in Africa with US$35m commitment

AFRICA – The Rockefeller Foundation has announced an initial US$34.95 million to ensure more equitable access to Covid-19 testing and vaccines. The commitment also seek to leverage innovation, data, machine-learning; combat the escalating food crisis; and scale up access to renewable energy in Africa. Collaborating with 24 organizations, businesses, and government agencies, this pan-African effort will also focus on 10 countries: Burkina Faso, Ethiopia, Ghana, Kenya, Nigeria, Rwanda, South Africa, Tanzania, Uganda, and Zambia. The announcement comes 100 days after the Foundation’s landmark commitment of US$1 billion over three years to help…

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Nigeria Off-Grid Energy Challenge selects its winners for the third edition as it opens application for the fourth one

NIGERIA – Nine Nigerian energy startups have been selected as the winners of the third edition of Nigeria Off-Grid Energy Challenge and will access US$100,000 easy in blended financing. The challenge is run each year by US African Development Foundation (USADF) and All On as part of a multi-year partnership that identifies and helps scale innovative off-grid solutions to “power up” unserved and underserved areas in Nigeria. The winners of the 2020 Challenge are Allbase Global Technology, Ashdam Solar Company, Covenant Plus Engineering, Green Acres Microfinance Bank, Reeddi Technologies, Salpha…

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