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How Innovation is Delivering in Development

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Key Takeaways from the 2024 Africa HealthTech Summit Image
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Nov 08, 2024
Key Takeaways from the 2024 Africa HealthTech Summit

The Africa HealthTech Summit last week brought together innovators, impact investors, public health leaders, and policy makers to Kigali, all focused on reimagining healthcare in Africa. The event emphasised the critical role of technology in strengthening health systems and building...

SOCAP 2024: Systems Change through Impact Investing Image
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Nov 04, 2024
SOCAP 2024: Systems Change through Impact Investing

The SCG team recently attended SOCAP, one of the world’s largest gatherings for social impact investors working to solve the world’s biggest challenges. The convention brought together an incredible mix of people from around the world including funders and innovators...

SCG launches new Investment Vehicle Image
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Nov 01, 2024
SCG launches new Investment Vehicle

SCG formally launched its returnable capital investment vehicle, SCG Growth, at a reception in Washington DC, to coincide with the Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group.SCG Growth is designed to...

Entrepreneurs explain the need for SCG Growth in new film Image
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Oct 30, 2024
Entrepreneurs explain the need for SCG Growth in new film

SCG has marked the launch of its new blended finance investment vehicle, SCG Growth, by producing a new film featuring the founders of high-impact companies in its portfolio.SCG Growth is the next step in GIF's mission of...

How one SCG grantee is treating depression in Africa Image
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Oct 11, 2024
How one SCG grantee is treating depression in Africa

World Mental Health Day is designed to raise awareness of mental health issues around the world and to mobilise efforts in support of mental health. The Day provides an opportunity for all stakeholders working on mental health issues to talk...

What we can learn from New York Climate Week Image
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Oct 08, 2024
What we can learn from New York Climate Week

Members of The SCG team recently attended Climate Week New York which took place on the sidelines of the UN General Assembly. It was an action-packed week with inspiring conversations and high-level meetings throughout the city. Although our work to...

How tech innovations are enabling universal access to information Image
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Oct 03, 2024
How tech innovations are enabling universal access to information

In today’s globalised world, digital connectivity is practically a prerequisite for equal participation in society. Digital technology allows people to connect easily to vital services, such as healthcare, online banking and risk warnings, and to source information within seconds. Despite...

SCG invests in climate-resilient housing solution in Indonesia Image
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Sep 23, 2024
SCG invests in climate-resilient housing solution in Indonesia

SCG is pleased to announce that we have invested $460k in Build Change, a social innovator working alongside one of Indonesia’s largest microfinance institutions to develop loan products that enable women living on low incomes to invest to make their...

How inclusive fintech is shaping international development Image
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Sep 20, 2024
How inclusive fintech is shaping international development

Representatives from the global inclusive fintech community recently gathered in London for the Fintech for Inclusion Global Summit (FIGS24). Hosted by Accion Venture Lab in partnership with Mastercard Center for Inclusive Growth and FMO, the event brought together over 27...

How agricultural innovations are improving livelihoods Image
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Sep 16, 2024
How agricultural innovations are improving livelihoods

The UN’s Food and Agriculture Organisation estimates that, today, about one in nine people globally are chronically undernourished, whilst one in three are malnourished. To meet growing demands from a projected population of close to 10 billion people in 2050...

SCG makes its first investment in Myanmar Image
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Sep 09, 2024
SCG makes its first investment in Myanmar

SCG is pleased to announce that we have provided a grant of $500k to Proximity Designs, a social business in Myanmar offering a practical solution for farmers to clear rice stubble after harvest.Proximity’s innovative approach promotes the use of a...

Why inclusive solutions are vital for climate adaptation Image
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Sep 05, 2024
Why inclusive solutions are vital for climate adaptation

Without urgent action, the World Bank predicts that more than 130 million people living in the most climate-vulnerable countries in the world will be pushed into extreme poverty by 2030. Climate adaptation efforts are about countries building long-term resilience to...

How educating women helps eradicate poverty Image
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Aug 29, 2024
How educating women helps eradicate poverty

The development community has long recognised that women’s education is a crucial prerequisite for eradicating poverty. The World Bank highlighted this in 2018, when they estimated that limited educational opportunities for girls and barriers to completing 12 years of education...

From trees to harvest: how one SCG grantee is increasing climate resilience in Nigeria Image
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Aug 27, 2024
From trees to harvest: how one GIF grantee is increasing climate resilience in Nigeria

In an effort to address the growing impacts of climate change, SCG grantee One Acre Fund plans to distribute 6 million free tree seedlings to 220,000 smallholder farmers across the Kwara, Nasarawa, and Niger states in Nigeria. This programme is...

SCG invests $500K in innovative ‘friend of the earth’ Image
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Aug 20, 2024
SCG invests $500K in innovative ‘friend of the earth’

SCG is pleased to announce that we have made a $500k equity investment in a start-up promoting and incentivising sustainable farming practices. Boomitra, which means “friend of the earth” in Sanskrit, is working to unlock carbon removal on a global...

Investing Locally for Sustained Impact Image
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Aug 15, 2024
Investing Locally for Sustained Impact

SCG has long sought to direct its funding towards locally headquartered organisations, and our investments in 2023 were no exception. Often, our investments are not only locally headquartered, they are also locally led. More broadly, when innovators are not local...

How we can harness the power of Generative AI in Development Image
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Aug 13, 2024
How we can harness the power of Generative AI in Development

The impact and future potential of Artificial Intelligence (AI) have dominated discourse in the tech space over the last five years. AI, in its broadest sense, refers to algorithms that can act in a way that would normally require human...

How innovation in education can support youth for a better future Image
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Aug 12, 2024
How innovation in education can support youth for a better future

Today is International Youth Day 2024, and the theme this year, ‘From Clicks to Progress’, highlights how digitalisation is transforming our world, offering unprecedented opportunities to accelerate sustainable development.Digital technologies such as mobile devices, services, and artificial intelligence are instrumental...

SCG supports business empowering climate action with data and analytics Image
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Aug 12, 2024
SCG supports business empowering climate action with data and analytics

SCG is pleased to announce that we have invested $500k in Komunidad, a Philippines-based environmental intelligence platform providing early natural disaster warning systems and weather data analytics. The Philippines is one of the most disaster-prone countries in the world experiencing...

US Government backs SCG to finance start-ups in emerging markets Image
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Jul 30, 2024
US Government backs SCG to finance start-ups in emerging markets

SCG is delighted to have secured a $10 million loan from the U.S. International Development Finance Corporation (DFC) to support our new purpose-built returnable capital vehicle, SCG Growth. The loan will help to fund highly developmental early-stage businesses in Sub-Saharan...