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
President Joko Widodo has said he believes the Indonesian Chamber of Commerce and Industry (Kadin) would be able to provide assistance to two million independent farmers, or double the number of current beneficiaries, by 2023. The business collaboration would increase production and the welfare of the farmers, he pointed out.
Access to the internet is an essential part of development today. A rewarding market exists in low-income countries for companies with innovative solutions to bridging the digital divide.
COFIDES has presented the Huruma Fund, an impact investment fund that will provide financing to smallholder farmers or those excluded in rural areas of Latin America, the Caribbean, sub-Saharan Africa, and Asia. The fund consists of 120 million euro, provided by the European Union, FONPRODE, COFIDES, and private investors. Furthermore, a Technical Assistance Facility (TAF) has been set up.
The government of the Phillippines is inclined to grant incentives to potential investments related to advancing the coronavirus response efforts as well as the Balik Probinsya program in the country. The two categories are included in the 2020 Investment Priorities Plan (IPP), a list of preferred business activities approved by President Duterte.
Did you miss the Inclusive Business Forum 2020 by IB Sweden? Watch the recording to learn more about collective efforts to meet the Sustainable Development Goals by 2030! The event focuses on concrete actions that create and accelerate inclusive business initiatives with developing markets.
Social entrepreneurship, is taking hold worldwide, and Latin America has been no exception. In Peru, the social entrepreneurship ecosystem is still young and developing, with key support ecosystem actors emerging. It is imperative that this ecosystem continue to evolve and grow.
Zurich Insurance Group AG aims to stop setting monetary targets for its impact investments and to start investing "as much as needed" to meet its climate and social goals, the company said on November 17. Zurich said it has developed a methodology to measure impact across various asset classes.
Achieving development goals requires collaboration with various partners: This is the essence of the Annual Africa Conference on Social Entrepreneurship-AACOSE on Novembr 26-27, an interface connecting various players within the social entrepreneurship ecosystem in Africa. These players include social entrepreneurs, academia, funders, corporations and the government.
Good Return is launching an impact investment fund with the aim of supporting economic development in low-income communities across the Asia Pacific region. This fund enables socially-minded investors to put their funds to use generating social impact.
"We noted with appreciation the completion and sharing of the following reference documents: Enterprise Policy Responses to COVID-19 in ASEAN – Measures to Boost MSME Resilience,Guidelines for the Promotion of Inclusive Business in ASEAN, and the ASEAN Guidelines on Fostering a Vibrant Ecosystem for Start-ups across Southeast Asia, which were developed in collaboration with various development partners from the Inclusive Business Action Network (iBAN), the Organisation for Economic Cooperation and Development (OECD) and United Nations Economic and Social Commission for Asia and Pacific (ESCAP)."