Zurich, 2 December 2019 — The responsAbility-managed private equity vehicle focusing on sustainable food and agriculture in emerging economies has completed an investment in Wingreens Farms, the India-based fully backward integrated food company producing fresh dips, sauces, condiments and healthy snacks. With this transaction, the fund is fully invested 28 months after its first closing.
responsAbility Renewable Energy Holding (rAREH), the Nairobi-based energy company focusing on Sub-Saharan Africa, has officially started construction on a run-of-the-river hydropower plant located on the Nyamwamba river in Western Uganda.
Zurich, 21 November 2019 — Swiss impact asset manager responsAbility Investments is closing the responsAbility Fair Agriculture Fund, effective from 21 November 2019. The significantly reduced fund volume made it impossible to successfully pursue the fund’s investment strategy. The closure is taking place in order to protect the interests of the fund’s investors.
Zurich-based impact asset manager responsAbility will continue to manage the USD 670 m climate investment fund dedicated to mitigating climate change in emerging markets through 2024. This decision was confirmed by the fund’s board of directors this week.
A responsAbility-managed private equity fund focusing on financial inclusion is part of the successful listing of Fawry, the leading Egyptian provider of payment services to more than 20 million clients across all segments of the population.
responsAbility Renewable Energy Holding (rAREH), the Nairobi-based renewable energy company focusing on Sub-Saharan Africa, has acquired two operational small-scale hydropower plants with a total capacity of 27.2 MW. Both plants are located in Western Uganda and use the run-of-the-river technology which guarantees minimal disruption to the ecosystem.
responsAbility Investments AG, the international impact asset manager, has today closed a USD 175 million securitization of loans to microfinance and SME-finance institutions in emerging markets. The proceeds will be used to fund financial intermediaries providing capital to 30,000 small businesses and 5.6 million microfinance borrowers. 81% of the borrowers are women.
The Korea International Cooperation Agency (KOICA) and responsAbility Investments AG, an international asset manager headquartered in Switzerland, are teaming up to drive the development of renewable energy generation in Sub-Saharan Africa.
The global impact investing specialist responsAbility is strengthening its top level of management. Since 1 July 2019, Stephanie Bilo has been responsible for all investor-focused activities at the Zurich-based asset management company as Chief Client & Investment Solutions Officer.