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
The Social & Inclusive Business Camp is an acceleration and capacity building programme dedicated to entrepreneurs with an impact project on the African continent and with a desire to scale up. Application deadline: July 3, 2021.
The German Federal Ministry for Economic Cooperation and Development (BMZ) and the Ethiopian Coffee and Tea Authority have launched the second edition of the Coffee Innovation Fund (CIF) for the year 2021. The fund, active in Ethiopia, Kenya, Rwanda, and Uganda, has awarded up to 2.53 million Birr in investment and technical assistance to innovative companies fostering fairer value distribution in the supply chain.
President Rodrigo Duterte will soon have the power to grant hefty fiscal perks to elephant-sized investments. He can exercise his power as long as the incoming project has “a comprehensive sustainable development plan with clear inclusive business approaches, and high level of sophistication and innovation.”
Impact investment firm Goodwell Investments has launched a new EUR50 million (US$60 million) fund that will channel capital from private investors, family offices and foundations to fast-growing, scalable small and medium-sized companies.
The Department of Agriculture signed a Memorandum of Understanding with the US-ASEAN Business Council to strengthen partnership on livestock production and animal health, agricultural trading and investment, plant science, agricultural technology, and digital agriculture, food safety, and inclusive business and sustainability through training of officials and personnel, extending assistance and expertise of member companies to provide technical support to DA, and joint research initiatives.
The Lagos State government has reiterated its commitment towards partnering with the private sector for a sustainable economy while revealing that there were ongoing plans to formulate incentive policies that would encourage the sector to adopt viable business practices, increase resource use and reduce cost as the world shifts focus to Circular Economy.
The European Union, through the European Commission, and the Organisation of African, Caribbean and Pacific States (OACPS), has agreed to provide EUR 60 million to the European Investment Bank and African Development Bank's joint Boost Africa initiative, enabling it to support higher-risk investment. Boost Africa is enabling change and creating opportunities across Africa by targeting investment that backs young and female entrepreneurs.
Major household brands and palm-oil buyers Nestle and PepsiCo have backed a scheme that aims to invest $1 billion in forest conservation across Southeast Asia over 25 years. The Rimba Collective, developed by Lestari Capital, a Singapore-based impact investment firm, will fund projects that protect and restore more than 500,000 hectares of tropical forests in Indonesia and the region.
Cambodia is taking the lead in ASEAN regional adoption of the model for inclusive businesses by launching the Inclusive Business Landscape Study Report. The study was announced at the inaugural Inclusive Business Champions Meeting for Cambodia, which was held virtually under the direction of Cham Prasidh, Senior Minister, Minister of Industry, Science, Technology and Innovation.
Are you a policymaker interested in Inclusive Business? GIZ ISED is offering a Zoom workshop for inclusive business policymakers in Indonesia tomorrow, 23 March, 2021, at 13:30 WIB | 7:30 CET. Speakers include high-level politicians, academics, and representatives of international organizations.