Impact Exchange (iX) gets closer to launch on Stock Exchange of Mauritius

A partnership between the innovative Stock Exchange of Mauritius and social enterprise NeXii is making great progress towards setting up the Impact Exchange (iX) board on a globally recognized stock exchange. Six companies have gone through the listing process and the iX board expects to start trading in the third quarter of 2013.

InReturn Capital invests in Kenya’s Eagle Eye Laser Centre

East African venture capital firm InReturn Capital has entered a partnership with Hurlingham Eye Care Services group (HECS). InReturn Capital is an impact investing company which aims to generate positive social impact and profits by investing in small and medium enterprises (SMEs) in East Africa.

OPIC invests $285m in 6 impact investing funds

U.S. development finance institution, the Overseas Private Investment Corporation (OPIC), is to invest up to $285 million in financing to private equity funds. These in turn should raise more than $875m, representing the largest commitment by the U.S. Government to impact investing in emerging markets.

UK’s regulator FSA warns on unregistered “ethical” tree investment schemes

The UK’s regulator, the Financial Services Authority (FSA), has issued a warning about unregulated “sustainable, ethical and alternative” investments. It says: “We are seeing an increasing number of overseas schemes that offer investment opportunities in tree and crop plots abroad, and other ethical investments.”

New directions for giant CDC: targets poor with $3.1 bn

Giant UK development finance institution the CDC Group has announced a new business plan. Changes include direct investing rather than via funds, and focusing only on low and lower-middle income countries in sub-Saharan Africa and South Asia.

2 African stock exchanges among world ESG leaders

Two African stock exchanges are among leaders in requesting companies to report on Environmental, Social and Governance (ESG) issues. South Africa’s JSE Ltd this year became the first exchange in the world to require listed companies to move towards integrated reporting which includes ESG reports along with profit figures. The Egyptian Exchange, Brazil, China, Indonesia and Malaysia are other exchanges discussing with the United Nations Principles for Responsible Investment initiative through its sustainable stock exchanges dialogue.