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We need more pay-as-you-go (PAYGo) solar, not less, to bring modern energy to the poorest communities within the next decade. But when companies grow PAYGo loan portfolios too quickly, without establishing cultures of managing risk and internal controls to protect consumers, they can harm the...
Global Coalition Launched $80 Million Relief Fund to Protect Energy Access in Vulnerable Communities from COVID-19 Fallout
The Energy Access Relief Fund — managed by SIMA — is an unprecedented partnership of 16 governments, foundations and investors and aims to provide essential financial support to energy access companies in sub-Saharan Africa and Asia. NEW YORK, September 1, 2021 — Today, a first-of-its-kind...
Acumen Closes $58 Million Impact Fund, the First to Drive Climate Adaptation for Smallholder Farmers
The Acumen Resilient Agriculture Fund (ARAF) seeks to build an ecosystem of agribusinesses that improve farmers’ livelihoods and build their resilience to climate change. NAIROBI, Kenya, July 27, 2021 — The Acumen Resilient Agriculture Fund (ARAF) closed on June 30 at $58 million. This first-of-its-kind...