• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Tuesday, July 8, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

New Fund Provides Capital For Africa’s Energy Transition

by Chika Izuora
3 years ago
in News
Charm
Share on WhatsAppShare on FacebookShare on XTelegram

Charm Impact and iGravity are collaborating to launch a blended finance impact bond to unlock capital for early-stage local clean energy entrepreneurs in Africa.

 

Advertisement

The Charm Impact Bond (CIB) is a $12.5 million blended finance vehicle that aggregates multiple small clean energy companies into a single vehicle and is sponsored and seeded by iGravity through its Impact Investment Index.

This will enable impactful entrepreneurs to access capital that would otherwise be unattainable due to their size and stage.Initial recipients of the bond include; Winock, a locally owned solar business system distributor in Nigeria, Biomassters, a female led and part locally owned pellet cooking company in Rwanda and Powerstove, a locally owned clean cookstove manufacturer in Nigeria.

This investment approach allows for the creation of a financially inclusive instrument, where entrepreneurs will be able to access loans that range from $12,530 – $438,443 for up to 36 months. Companies with a higher impact are rewarded with lower interest rates.

 

RELATED

Igbo Youth Forum Replies MASSOB Over Ugwuanyi’s Performance

Ohanaeze Inaugurates Constitution Review Committee

57 minutes ago
PDP Asks Appeal Court To Declare Eno Akwa Ibom Guber Candidate

Group, Firm Laud Gov Eno Over Approval Of WASH Policy

60 minutes ago

The CEO and co-founder of Charm Impact, Gavriel Landau, said: “we see CIB as a much needed vehicle to crowd in more commercial capital to the earliest stage of the market. Local entrepreneurs in sub-Saharan Africa are financially excluded from scaling their businesses due to a lack of available capital sources to grow their high impact solutions.”
Frédéric Berrney (Head of Products and Risk at iGravity) said: “The blended characteristics of the CIB allow us to make a difference and achieve high impact and returns. Within the structure of the bond, investors benefit from a diversified portfolio of direct loans in a variety of sectors of renewable energy. Diversification criteria, impact, returns and de-risking requirements are set up to meet individual investor needs.”


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


SendShareTweetShare
Previous Post

FirstBank Gets $150m Afrexim Bank Loan

Next Post

Contributory Pension Fund Hits N14trn, Gains N640bn In Months

Chika Izuora

Chika Izuora

You May Like

Igbo Youth Forum Replies MASSOB Over Ugwuanyi’s Performance
News

Ohanaeze Inaugurates Constitution Review Committee

2025/07/08
PDP Asks Appeal Court To Declare Eno Akwa Ibom Guber Candidate
News

Group, Firm Laud Gov Eno Over Approval Of WASH Policy

2025/07/08
Peter Obi Calls For Reopening Of Onitsha Markets Closed Over Illicit Drugs
Education

Why Nigeria Must Invest Heavily In Health, Education – Peter Obi

2025/07/08
Uzodimma Condemns Attack On Worshipers In Ondo
News

Ajumbe Wants Okigwe Zone To Produce Uzodinma’s Successor

2025/07/08
Police Deny Purported Killing Of Officers
News

35 Abducted Women, Children Rescued In Niger After 1 Year

2025/07/08
Kwara Govt To Complete Tunde Idiagbon Flyover In March
News

Cleric Urges Kwara Govt To Tackle Insecurity In Edu, Patigi

2025/07/08
Leadership Conference advertisement

LATEST

NHF President Predicts Bright Future For Hockey In Nigeria

Transfer: Lionel Messi Set For Stunning Move To Saudi Arabia’s Al-Ahli

NNL Super 8: Desperate Coaches Blame Referees For Team Defeats

NTF Announces National Tennis Open Championships 2025

Ohanaeze Inaugurates Constitution Review Committee

Group, Firm Laud Gov Eno Over Approval Of WASH Policy

We’re Ready For Anambra Elections – Police, INEC

Why Nigeria Must Invest Heavily In Health, Education – Peter Obi

Ajumbe Wants Okigwe Zone To Produce Uzodinma’s Successor

35 Abducted Women, Children Rescued In Niger After 1 Year

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.