DEG

💵 As an anchor investor, DEG has reiterated its support for its long-standing and experienced customer Georgia Global Utilities with USD 35 million in the successful issue of a USD 300 million Green Eurobond. Other anchor investors are the Asian Development Bank (ADB), EBRD and IFC - International Finance Corporation. 💦Georgia Global Utilities supplies around 40% of the Georgian population with clean drinking water. The funds will be used to refinance existing liabilities and provide new liquidity for the modernization and expansion of important water infrastructure powered by renewables. With the investments in green-eligible projects, energy efficiency in the operation of the water supply systems will be further increased. “ We are very pleased to have supported Georgian Global Utilities in successfully placing its second international bond and to further promote access to a stable and sustainable water supply in Georgia.“ commented Ludger Roecken, Head of Infrastructure & Energy Asia/Europe.  👏 Congrats to our deal team Heinemann Paul, Eduard Rehl and Vidhi Vora. ⚓ As a bond-anchor investor, DEG supports its customers in their activities on the international capital market. Through our long-term commitment, we stabilise bond issues in challenging environments and send out positive signals to other investors.   #SDG6 #cleanwater #renewables #waterinfrastructure #findev IFC Europe

💙💛The ongoing war in #Ukraine is leading to massive instability in the local credit market. Smaller lenders have often had to cease their business activities, international lenders have left the market, and existing banks are focusing on maintaining existing business. The lack of financing options poses considerable problems for SMEs. 🤝 This is where a #develoPPP project launched by DEG customer TurnKey Lender comes in. Founded in 2016, this #FinTech company has primarily been active in various regions of Asia and the USA. Both founders hail from Ukraine and are now back in their home country for the first time with this current project. 📲 Turnkey is cooperating with two selected Ukrainian partner banks to introduce its digital lending #AI-based system, aiming to digitalize and transform the lending process. DEG Impulse is supporting the project with funds from the Bundesministerium für wirtschaftliche Zusammenarbeit und Entwicklung (BMZ). 💡 By utilizing proven FinTech solutions and agile, responsive lending practices, this project enables more efficient, faster lending with higher quality and lower default rates. SME customers in key sectors such as healthcare, agriculture, construction, and renewable energy will gain access to much-needed financing. The digital lending approach will also reach regions where bank branches are no longer operational due to the conflict. ✅ Would you like to learn more about develoPPP? Discover our services and funding opportunities through the link in the first comment.

🤩 Supporting working capital solutions for #SMEs in Brazil: DEG has invested USD 4 million in the Brazilian marketplace platform Monkey. 👛 Monkey, whose name is short for “money is key”, is a leading B2B working capital platform #FinTech in Latin America. Other investors in the series B equity round are the lead investor L4 Venture Builder, DEG’s long-standing emerging market FinTech fund partner Quona Capital as well as Kinea Investimentos. 💡 With Monkey’s main product – the auction-based online marketplace for invoices – the company enables suppliers to be paid directly after an invoice is issued and gives the buyer the opportunity to extend payment terms for more working capital flexibility in their liquidity planning. DEG’s capital proceeds will be used for working capital purposes and further #growth of the company. 🎉"We are delighted to support Monkey in the enhancement of auction systems in the supply chain finance sector," said DEG’s CEO Roland Siller. "This kind of #innovation is extremely important to disrupt the existing market structures in Brazil and offer better and more affordable financial services." 🎊 Transaction manager Philipp Bergbusch from DEG’s FinTech team adds: "I'm enthusiastic about DEG's investment in Monkey as DEG together with the partnering investors will support to accelerate Monkey's mission to diversify the working capital offering and drive innovation across all sectors of the economy by contributing its expertise in emerging markets." Congrats to our colleagues Philipp Bergbusch, Dennis Bohn and Dr. Lars Oehler for closing this deal! #teamdeginvest Thanks to Bruno Oliveira, Gustavo M. and Felipe Adorno from Monkey for the great collaboration!

✨ Making tech work for society ✨ 🎥 We had an incredible time hosting the webinar on #ResponsibleInvestment in #Technology 🎉, sharing the findings from our project with DEG and DEG Impact via #AfricaGrow. Thank you to all the participants and everyone who contributed to the project! 🛣️ As shared by Christiane Rudolph, Chief Sustainability Officer at DEG, the publication of this work is not the end of a journey; instead, it marks the beginning of learning and engaging more on this topic with each other. 🔗 Find the Investor Guidelines for ESG risk management here! https://lnkd.in/gUMJrdGr   🧨 The webinar included discussion of which ESG risks technology investors were grappling with. We are curious to hear from you – what challenges do you face, and do the guidelines help address them? 🧪 In the coming months, we will pilot the guidelines with fund managers and set up training opportunities. Feel free to reach out to us to share feedback or to express your interest in these initiatives. Email us at [email protected] Christiane Rudolph, Simone Baur, Meike Evelyn Goetze, Anna Niedergesäss, Jacques Graßmann, Pranav Kalra, Ebbie Tam, Pauline Brunner, Willem Vosmer,

Join us in driving change for a greener future! 🌍 Are you passionate about sustainable infrastructure and renewable energy? We’re seeking a dynamic and motivated intern to join our DEG team in Cologne. If you’re eager to make a positive impact, we want to hear from you! Visit our careers page for more information and to apply:

🌱Leading the transition to continuous tomato production in Northern Ghana Despite government support, Ghanaian tomato yields have stagnated over the past decade, failing to meet the high domestic demand. Since 2022 and in collaboration with DEG and CSIR-Savanna Agricultural Research Institute, Demeter Ghana has been advancing tomato production in the Pwalugu area of Northern Ghana. Our project aims to professionalise smallholder tomato farming by introducing modern techniques, improved genetics, and Good Agricultural Practices. Since 2022, we have been testing various tomato varieties on our demo farm, using irrigation to refine and demonstrate the potential for year-round tomato production and income for smallholder farmers. Last week, we held a training programme for smallholder farmers, equipping them with skills for high-yielding and healthy crops. The training also laid the foundations to form cooperatives to enhance bargaining power and access to credit. Lead farmers are now working with Demeter Ghana to achieve best in class yields through the coming season to help spread the message among their communities of the potential for tomato cultivation to improve household incomes.

Equity Bank Limited was delighted to host partners from DEG this week as we launch the German Desk at Equity, to support German companies in East and Central Africa. The desk will assist in market entry, facilitation of key connections and offer financial solutions to German businesses in the region. With over 300 million citizens, free trade agreements and some of the fastest growing economies in the world, the EAC offers German businesses with excellent conditions to set up and explore. As an engineering and manufacturing powerhouse, Germany has a lot to offer the local market, helping maximise value addition in the region, a key component of Equity Group’s Africa Recovery and Resilience Plan (ARRP) The German Desk is an addition to the long-standing partnership between Equity Bank and DEG, which we look forward to strengthening further through the desk. A reception to celebrate the launch will be held later! Special thanks to Volker Schwab and Klaus Helsper for all their support. #Equity #ARRPinAction #InternationalTrade #MarketEntry #EastAfrica

Last week, we had the pleasure of hosting friends from DEG (German Investment Corporation). We reviewed the significant impact of Dastgyr's marketplace across developing markets, explored our cross-border ambitions, connected with our customers, assessed the robustness of our technology, and showcased the warmth of Pakistani hospitality. A heartfelt thank you to our partners for their unwavering support in helping digitize inventory for thousands of suppliers in developing markets worldwide. Interested in opening up cross-border access for your business? Drop me a message.

🚀 Estamos entusiasmados em anunciar que a Monkey concluiu com sucesso sua rodada de captação Série B, levantando R$ 67 milhões. O aporte foi liderado pelo investidor brasileiro L4 Venture Builder e a instituição alemã de financiamento ao desenvolvimento DEG, a rodada também contou com a participação de nossos atuais investidores Kinea Investimentos e Quona Capital. Este investimento é um grande passo para impulsionar nossos objetivos de crescimento e inovação. Com os novos recursos, planejamos expandir nossa presença em novos mercados, incluindo México e EUA, além de investir em desenvolvimento de tecnologia para aprimorar nossas plataformas, e agregar ainda mais valor com nossa nova solução de gestão financeira. Agradecemos a confiança de nossos investidores e estamos empolgados para continuar nossa jornada com nossos clientes e parceiros. Veja a matéria: https://lnkd.in/dRHBNW9v Gustavo Muller, Felipe Adorno e Bruno Oliveira __________ 🚀 We are thrilled to announce that Monkey has successfully completed its Series B funding round, raising US$12 million. The round was led by Brazilian investor L4 Venture Builder and the German development finance institution DEG, with participation from our current investors Kinea Investimentos Ventures and Quona Capital. This investment is a significant step towards driving our growth and innovation objectives. With the new funds, we plan to expand our presence into new markets, including Mexico and the USA, and invest in technology development to enhance our platforms and add even more value with our new financial management solution. We are grateful for the trust of our investors and excited to continue our journey with our clients and partners. #Monkey #SérieB #Fintech #Investimentos

I just came back from a field trip to North-Sumatera to visit two mini-hydroelectric power plants. One with a capacity of 2 x 4 MW (serving 44.000 households) and a second one with a capacity of 3 MW (still under construction). Both are financed by Indonesia Infrastructure Finance who is a leader on ESG and strongly committed to foster the green energy transition in Indonesia. This is also a key strategic goal for DEG and as a founding shareholder of IIF we are very much committed to support them in this. The management team around the CEO Dr Reynaldi Hermansjah did a great job in positioning IIF as an ESG champion in Indonesia. For me as a commissioner of IIF, visiting the plants was an impressive illustration for the innovative and transformative character of IIF‘s investments in Indonesia. Also thank you very much to my fellow commissioners Lodewijk Govaerts, Supriya Sen, Rinaldi Firmansyah, CFA abd Yuji Fukuda for the fruitful discussions in the context. #RenewableEnergy #IndonesiaEnergy #IndonesiaInfrastructure #GreenFinancing