Oikocredit Canada Newsletter
October 2023

Oikocredit International Updates

Adam Bah

How impact investing empowers women: Interview with Oikocredit’s Adama Bah

Our latest impact report emphasises why women’s empowerment is at the heart of our commitments. Financial inclusion for women is a major focus area for Oikocredit and is in line with our vision of helping bring about a global, just society where resources are shared sustainably, and everyone has the choices they need to create a life of dignity.

Adama Bah has been working with Oikocredit for three years. Her expertise in social development enables us to gain a better insight into current projects from a data perspective.

In this interview, she shines a light on Oikocredit’s work around promoting gender equality in underprivileged communities.

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USD 26.5 million to bridge energy gaps in sub-Saharan Africa

Oikocredit will invest USD 26.5 million towards renewable energy infrastructure in sub-Saharan African communities over the next four years. The funds will go towards energy generating assets and productive use equipment.

The investment was made public at the Clinton Global Initiative 2023 Meeting in New York recently.

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Oikocredit seals partnership with Fortune Credit

Oikocredit has provided an € 800,000 first-time loan to Fortune Credit just as the Kenyan inclusive finance organisation’s innovative work has earned it a place in the European Microfinance Award 2023 final.

This new partnership marks a significant step in advancing economic empowerment in rural Kenya and underscores Oikocredit's commitment to fostering sustainable development in Africa. Fortune Credit provides inclusive access to savings, credit, insurance and more for rural Kenyan micro-businesses, smallholder farmers and low-income households. 

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Oikocredit North America News and Updates


Greenwashing is number one deterrent to responsible investment in Canada: RIA report

Canada's Responsible Investment Association (RIA) found that concern about greenwashing is the biggest obstacle to the growth of responsible investment (RI) in its annual trend report. It is crucial that industry actors take steps to be as clear and accurate as possible in their ESG claims, the report concludes. An important question to consider is “how can we build trust?

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ISF, CPA Canada co-convenors for the Task Force on Nature Related Financial Disclosures

Nature-related reporting by companies will be vital to meeting global biodiversity targets. 

The Institute for Sustainable Finance (ISF) and Chartered Professional Accountants of Canada (CPA Canada) are proud to announce that they have been named co-convenors in Canada for the TNFD. The role includes capacity building and supporting market adoption of TNFD’s final recommendations, and coordinating the Canadian consultation group.

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Annual Report 2022

Oikocredit published its Annual Report and financial statements for 2022, reporting on solid financial and social results and other achievements during the year. 

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