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For FT
Sin Yee Hon

Nadezda Nikiforova

LONDON: May 10, 2017 - The Financial Times and IFC, a member of the World Bank Group, have announced the shortlists for the 2017 FT/IFC Transformational Business Awards. The global programme highlights ground-breaking, long-term private sector solutions to major development issues.
The 2017 FT/IFC Transformational Business Awards mark 12 years of collaboration between the FT and IFC on awarding initiatives that have had a substantial impact on the way financial and non-financial institutions approach sustainable investment.

This year special attention was given to products and services that harness disruptive technologies and business models to achieve their sustainability objectives. The awards also again highlighted solutions that address climate change and help meet key UN Sustainable Development Goals (SDGs).

A total of 148 entries were received from 152 organisations involving projects in more than 84 countries.

The shortlisted nominees are as follows, with countries of impact:

Achievement in Transformational Infrastructure

Block Island Wind Farm, US

Engro Elengy Terminal, Pakistan

Conergy Lakeland Solar and Storage, Australia

National Freight Information and Transportation Hub (NAFITH), Jordan and Iraq

S.O.L.I.D., Nicaragua

Truck Alliance, China

Yobi Tech, India

Achievement in Transformational Finance

African Local Currency Bond (ALCB) Fund, Sub-Saharan Africa
Cash Credit, Philippines

CrossBoundary Energy Fund, Kenya, Rwanda and Ghana
IFMR Multi Originator Securitisation, India

Medical Credit Fund, Sub-Saharan Africa
ReNew Power Masala Bond, India

WorldRemit, Global

Achievement in Sustainable Development, with a focus on Food, Water and Land

Doni Doni Cocoa Program, Côte d'Ivoire

EkoLakay Sanitation Programme, Haiti

Ignitia, Sub-Saharan Africa        

Levi Strauss Water<Less, Global

New Cairo Wastewater Treatment Plant, Egypt

PATH Ultra Rice, India

Winnow, Global

Achievement in Sustainable Development, with a focus on Health, Wellness and Disease Prevention

CarePay M-TIBA Mobile Health Wallet, Kenya

Essilor Eye Mitra Programme, India

Glenmark Pharmaceuticals mMitra, India

Goodlife Pharmacy, Kenya and Uganda

Hospital Metropolitano, Ecuador

Unjani Clinics Network, South Africa

Wellspring Healthcare Network, India

Achievement in Sustainable Development, with a focus on Education, Knowledge and Skills

BRAC STAR Skills Training Programme, Bangladesh

BYJU’S Learning App, India and GCC Employment Platform, Philippines

Moringa School Education Platform, Kenya, Tanzania and Ghana

Santander Universia Brasil, Brazil

Overall Award: Excellence in Disruptive Technologies

BYJU’S Learning App, India and GCC

Ignitia, Sub-Saharan Africa        

Truck Alliance, China

Winnow, Global

WorldRemit, Global

Overall Award: Excellence in Climate Solutions

Block Island Wind Farm, US

Conergy Lakeland Solar and Storage, Australia

CrossBoundary Energy Fund, Kenya, Rwanda and Ghana
ReNew Power Masala Bond, India

S.O.L.I.D., Nicaragua

Special Public Sector Award: Achievement in City-Led Transformation

Circular Economy Water Management, Dubai

El Cinturón Verde de Cuenca (Cuenca Green Belt), Cuenca, Ecuador

Energy 2040 Goal, Cape Town

PACCM Climate Action Programme, Mexico City

Quiero mi Barrio (I Love My Neighbourhood), Talcahuano, Chile

The winners in each category will be announced at a dinner to be held at the Hilton Bankside in London on 8 June 2017.

The awards judging panel consists of:

•        Robert Armstrong, chief editorial writer, Financial Times (co-chair)

•        Nena Stoiljkovic, vice president for blended finance and partnerships, IFC (co-chair)

•        Samir Abhyankar, partner, TPG Growth

•        Kalipso Chalkidou, director, Global Health and Development Group, Institute of Global Health Innovation, Imperial College

•        Billy Cobbett, director, Cities Alliance

•        Chris Locke, founder, Caribou Digital

•        Kanini Mutooni, member of the board, Global Innovation Fund

•        Nick Robins, co-director, Inquiry into the Design of a Sustainable Financial System, United Nations Environment Programme (UNEP)

•        Henrik Skovby, executive chairman, Dalberg Group

PwC is technical advisor to the programme.

The dinner will conclude the FT/IFC Transformational Business Conference, a major half-day gathering of policy-makers, private sector decision-makers and thought leaders designed to explore and debate the issues generated by the Awards.

About the Financial Times:

The Financial Times is one of the world’s leading business news organisations, recognised internationally for its authority, integrity and accuracy. In 2016 the FT passed a significant milestone in its digital transformation as digital and services revenues overtook print revenues for the first time. The FT has a combined paid print and digital circulation of almost 860,000 and makes 60% of revenues from its journalism.

About IFC
IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Working with 2,000 businesses worldwide, we use our six decades of experience to create opportunity where it’s needed most. In FY16, our long-term investments in developing countries rose to nearly $19 billion, leveraging our capital, expertise and influence to help the private sector end extreme poverty and boost shared prosperity. For more information, visit

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