Inclusive business in the news

In this section we collect note-worthy inclusive business updates

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

31. May 2021
Ethiopia: Coffee Innovation Fund Awards Investment Prize for 5 Ethiopian IB Entrepreneurs

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.

19. May 2021
Philippines: Presidential power to grant tax incentives to companies with inclusive business approaches coming soon

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.”

Philippines: Phl, US to forge stronger agri, trade cooperation and inclusive business

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.

28. Apr 2021
Lagos reiterates commitment to partnering private sector for a sustainable economy

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.

23. Apr 2021
EU provides EUR 60m to Boost Africa initiative to support young entrepreneurs

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.

16. Apr 2021
Big brands join $1-billion forest conservation push for SE Asia

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.

24. Mar 2021
Cambodia boosting inclusive businesses

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.

22. Mar 2021
Upcoming: Workshop for Inclusive Business Policymakers

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.