In this section, we will update you with announcements from the ecosystem of inclusive business, pre-selected according to their relevance for inclusive business ventures.
List: IB in the news
A study carried out by Boston Consulting Group (BCG) and All-On, a Shell-funded impact investment company, has shown that about 500,000 Nigerian households use solar energy. Despite this low solar energy use, the Nigerian solar off-grid market is among the fastest-growing in Africa, increasing at a 22 per cent average annual rate during the past five years.
Some of the best and brightest leaders in Australia’s impact investment sector were honoured at the annual Australian Impact Investment Awards last night. A collaboration between the Impact Investment Summit Asia Pacific and the Impact Investing Hub, the awards recognise outstanding activity and individuals in the Australian impact investing ecosystem. Supported by the Australian Government Department of Social Services, the Awards are designed around similar criteria and categories to the Global Steering Group’s (GSG).
Singapore-based IIX launched the Women’s Livelihood Bond series in 2017 to help low-income women in Southeast Asia find sustainable livelihoods. IIX has raised $77.7 million for the series to date, including $27.7 million for its third bond last December.
Ten companies were awarded with the ASEAN Inclusive Business Awards on 30 November. Congratulatios to the winners!
A broad group of sustainability standards and guidance-focused organizations and UN agencies announced the launch of the Impact Management Platform, a new initiative aiming to coordinate and mainstream practices relating to the management of the sustainability effects of organizations and investments, helping companies and investors to manage their sustainability impacts and to navigate the reporting landscape.
Together with Visa and Johnson & Johnson, AVPN Academy has launched the new Corporate Social Impact Centre (CSIC). The CSIC is a learning hub for business leaders and CSR professionals who are looking to become more sophisticated in their corporate impact strategies. iBAN is proud to have supported the development of two courses on inclusive business and impact investing.
Social impact investor Oikocredit and global non-profit Opportunity International announced an innovative three-year collaboration to increase access to and quality of education in low-income countries. They will do this by investing up to USD 100 million in financial institutions who are benefiting from Opportunity International’s EduFinance programme.
Maria Helena Semedo, Deputy Director-General of the Food and Agriculture Organization (FAO), recently mentioned the "new FAO strategy to support the transformation to more efficient, inclusive, resilient and sustainable agri-food systems.” She called for stronger collaboration, innovative partnerships and inclusive business models to achieve sustainable food and agriculture and related trade.
MSME ministers in the Asia-Pacific gathered at a virtual conference on 9 October. To sustain inclusive development, Vietnam will also need to generate new lucrative income opportunities for low-income people, and to provide more affordable and relevant goods and services, said Vietnamese Deputy Minister of Planning and Investment Tran Duy Dong, adding that companies were increasingly interested in expanding their markets towards the base of the income pyramid.
During the 27th APEC SME Ministerial Meeting, Malaysian Entrepreneur Development and Cooperatives Minister Tan Sri Haji Noh Omar iterated the need for collaborative and inclusive efforts between public and private sector to boost economic recovery. In his address, he added: “Malaysia is of the view that Inclusive Business is key to build back the economy better and stronger. Therefore, the Government is promoting IB as avenue for addressing the needs of the B40 at scale.”