The funds will be used by the digital debt platform to support the growth and liquidity needs of its institutional clients, as well as lend to small businesses and individuals.
Microfinance lenders, especially the smaller ones, are facing difficulty in raising resources from banks, which have turned ultra-cautious after the Sambandh Finserve fraud where the promoter has allegedly diverted money into his family-owned entities.
‘Reducing bureaucratic restrictions can be welcoming for impact investment’
March 01, 2021
Ajay Rao, Regional Managing Director for South Asia, US International Development Finance Corporation (DFC)×
In an exclusive interview with BusinessLine, Ajay Rao, Regional Managing Director for South Asia, DFC shares his views on impact investment in India, challenges and opportunities.
US International Development Finance Corporation (DFC), the US government’s development finance institution, has been partnering with the private sector to finance solutions to the most critical challenges facing the developing world. In India, DFC has an outstanding portfolio of over $2.5 billion across 50 projects including commitments in renewable energy, financial services and impact investments in agribusiness and healthcare.
Teraco Data Environments, Africa’s largest data centre provider, is considering expanding to Nigeria and Kenya, CEO Jan Hnizdo reveals.
The company could create data centres of between 1MW and 4MW in those countries, Hnizdo says from Johannesburg. Nigeria and Kenya have the liberalised telecoms sectors that data centres need, he adds.
Growing numbers of African internet users make it harder to serve the continent’s needs via offshore data centres in Europe or the US. Local capacity means faster connections speeds, and Africa’s data centre market is set to grow at a compound annual rate of more than 12% to reach $3bn in 2025, according to Turner & Townsend.