Zurich, 6 February 2018 — Food security, the creation of employment and the promotion of CO2-conscious practices: These are the objectives of a new public-private partnership that has been established to give agricultural companies in developing countries access to the expertise they urgently require. A responsAbility investment fund for fair agriculture, in which the Swiss Agency for Development and Cooperation (SDC) has invested CHF 1 million to fund Technical Assistance, will establish links to the targeted companies through its network.
Zurich, 1 February, 2018 — responsAbility Investments AG, a leading investor in the field of development investments in emerging markets, announced that it has recently completely divested its equity investment in Financiera Confianza, one of the main microfinance institutions in Peru, by selling its stake to majority shareholder Fundación Microfinanzas BBVA (BBVA Microfinance Foundation).
Zurich, 15 January 2018 — A responsAbility-managed private equity vehicle focusing on agriculture and food has completed its first investment and taken a significant minority stake in Samunnati, an Indian Non Banking Financial Company. Using a unique cash-flow-based lending technology for value chains, Samunnati is providing affordable quality financial services for small and marginal farmers and small and medium-sized businesses active across the agriculture value chain.
Zurich, 14 December 2017 — A responsAbility-managed energy company, Norfund and Vineyard have teamed up to incorporate New Africa Power. The new energy joint venture plans to develop a 65 MW portfolio of small-scale run-of-the-river hydropower projects in Zambia.
Zurich, 6 December, 2017 — Development investments specialist responsAbility is dedicating its latest publication to the topic of green lending in developing countries, analysing the opportunity, risks and entry barriers for financial institutions on developing a loan product for energy efficiency and renewable energy.
Zurich, 30 November 2017 — A responsAbility-managed energy fund focusing on facilitating energy access participates in a large multi-currency syndicated loan to provide scalable financing to West African solar company PEG Africa. The USD 13.5 m in funding, provided through a combination of debt and Series B equity financing, will be used to accelerate growth in Ghana and Ivory Coast where PEG Africa targets to reach 500,000 people.
Zurich, 21 November 2017 — The latest edition of responsAbility’s annual Micro and SME Finance Market Outlook highlights the potential of debt investments in micro and SME finance against the background of macroeconomic trends. An analysis of risk-return profiles shows that spreads for investments in microfinance portfolios are in line with or higher than those of securities rated Ba3 by Moody’s. This rating system and systematic impact measurement provide investors with transparency on micro and SME finance portfolios.
Zurich and Singapore, 6 November 2017 — A responsAbility-managed climate fund and Singapore-based solar energy provider Cleantech Solar have signed an agreement for a USD 20m long-term corporate loan to finance new pan-Asia rooftop solar power plants.
Zurich, 19 October 2017 — A responsAbility-managed energy fund and Sri Lanka’s Pan Asia Bank have closed a new USD 13 m facility agreement. The seven year senior unsecured loan brings the total funding agreement to USD 33 m, which will be utilized to promote green lending initiatives in Sri Lanka. The fund, which focuses on climate financing, has been a partner of Pan Asia Bank in its efforts on mitigating climate change since 2013.
Leading off-grid solar company SolarNow and investors SunFunder, Oikocredit and responsAbility Investments announce a new syndicated receivables financing facility amounting to USD 6 million. Structured as a bankruptcy-remote special purpose vehicle, the facility will enable SolarNow to deploy solar home systems to a broad section of Uganda’s off-grid population by offeri