No credit, no cash, no bank account? There’s still a place to go shopping, but it comes at a price.
Mobile money agents in Kenya fear loss of business once a banking institution rolls out a cheaper cash transfer service.
Apple Pay could certainly be the nail in the wallet’s coffin, similar to what the iTunes model was for music when it was introduced in 2001. And this on the heels of the Twitter “buy” button, another move by a major tech titan to occupy the payments space via a mobile device.
In Uganda, many point to the success of mobile money in improving financial inclusion by promoting peer-to-peer money transfer.
Giving steroids to women who are about to give birth prematurely — a standard lifesaving medical practice in richer countries — may be useless or even dangerous in poor countries where most women give birth at home, a major new study has found.
The United States has tightened guidelines for health workers treating patients with the Ebola virus, calling for new competency training, a buddy system for donning and doffing personal protective equipment, and total coverage of eyes, hair and skin.
ImpactAssets has released its 2014 impact investing showcase, the ImpactAssets 50 (“IA 50”), a free online resource for investors and financial advisors.
Scientists have announced that for the first time, they have determined the precise atomic structure of the Hepatitis A virus.
The International Renewable Energy Agency (IRENA) held a week-long knowledge sharing workshop for energy business incubators and entrepreneurs from Asia and Africain Bangalore, India from 22 to 27 September 2014. The UK Department for International Development (DFID), through its Knowledge Partnership Programme, also supported the initiative to transfer India’s knowledge to other regions in Asia and Africa.
On October 9th, during the global Creating Shared Value Forum, co-organised by Nestlé and the United Nations Conference on Trade and Development, it was announced that the overall winner of the 2014 Nestlé Creating Shared Value Prize is Honey Care Africa (HCA)!
Sri Lanka has remained free of malaria for two years – an accomplishment the Global Health Group (GHG) described as a “spectacular achievement,” during a meeting with President Mahinda Rajapaksa at Temple Trees recently.Dr. Richard Feachem
From human-centered design to the lean startup approach, methods to develop innovative products and services emphasize the importance of understanding what customers really need. Here are some lessons in innovation that social entrepreneurs have learned from empathizing with their customers.
As upcoming goals, the United Nations should enact basic sanitation, healthcare and governance in failed or collapsing states not simply because of moral concerns, but because of our own safety concerns.
RBC Global Asset Management today announced an agreement with Community Reinvestment Fund, USA to purchase and service up to $50 million in loans to support affordable rental housing as part of the RBC Access Capital Community Investment Strategy.
In a world where private enterprise drives jobs and prosperity, DFIs expand the frontiers of what is viewed as a profitable investment opportunity around the world.
In a nation where half the population isn’t served by formal banking system, the microfinance industry acquired a halo in the early part of last decade. And then, the Andhra Pradesh crisis happened.
Although Nigeria leads Africa in oil exports, two recent Harvard graduates are trying to ramp up the West African country’s production of a different natural resource—tomato paste. “It was a pipe dream I’ve had since 2008,” said Mira A. Mehta, a Business School graduate who co-founded the startup “Tomato Jos” with School of Public Health alumnus Shane F. Kiernan earlier this year. The company, a for-profit social enterprise, aims to build up a tomato paste industry in Nigeria by educating local tomato farmers about agricultural techniques and supplying them with seeds and fertilizers. The name Tomato Jos itself means “cute girl” in Nigerian slang, a play on the fact that the tomatoes in the Nigerian city Jos are known to be very sweet and juicy.
President Uhuru Kenyatta says he is in favor of Equity’s thin-SIM technology and digital migration.
Here’s a market you’ll be likely to hear more of in tech: “The Next Billion.” It's shorthand for the next billion people that will become online consumers, and that makes them the target of tech giants like Google, Facebook and Samsung. The next billion live in emerging economies like China, India, Brazil and Africa. Jenna Burrell, a professor at UC Berkeley’sSchool of Information, has been studying one of these markets, namely Ghana, since the early 2000s. She says even back then, it was clear that people who wanted to get online weren’t going to use desktops.
A high-level meeting held in Geneva, Switzerland, explored how countries can improve access to medicines and develop their domestic production, with the help of public and private investment.
The fact that no “flexible and innovative protocol” exists for Ebola speaks to the complex practical and ethical issues that surround the use of untested drugs and vaccines in the midst of the explosive spread of a virus that kills more than half the people it infects.
Despite it being nearly six months after the Ebola outbreak was confirmed by the World Health Organisation (WHO), we are still hearing stories of severe shortage of gloves in health facilities in West Africa. Many nurses have been asked to reuse them or merely rub their hands with chlorine after consultations.
A number of financial institutions are using emerging technology to deliver payments on the continent.
This solar gadget innovator is back with a new model, the WakaWaka Base, which includes either a 5,000 or 10,000 mAh battery pack, and the device is designed to be charged with the company's 7.5 or 10 watt portable solar panel. Along with the solar panel and battery pack module, WakaWaka is also offering two small LED lamps, one of which is powered by plugging it into the Base, and one which has an internal battery that can be recharged via the panel and battery pack.
Financial inclusion has become a long overdue buzzword among aid agencies and international economic policymakers of late – and it’s opening the door for bitcoin and blockchain technology to become a part of the discussion among international policymakers.
CONNECTED Farmer Alliance (CFA), a public-private partnership between Vodafone Group, the US Agency for International Development (USAID) and TechnoServe, has announced an agreement to use mobile technology to increase productivity of thousands of smallholder farmers.
Drones aren't delivering pizza just yet. But they could soon help save lives in places where health care is hard to reach.
In a move aimed at warding off competition and increasing revenue collection from its mobile money service, MTN Uganda has partnered with MTN Rwanda to deliver cross border transactions between the two countries.
Equity Bank will not charge for mobile money transfer services on mobile virtual network, it said yesterday, but subscribers also have to hold accounts with the lender.
Big Society Capital and Body Shop co-founder amongst backers of social impact investment intermediary
Equity Bank's deal with American Express gives the Kenyan lender exclusive rights to issue AmEx credit cards across the continent outside South Africa.
IBM and Metropolitan Health of South Africa have teamed to create a new health care customer service service based on Big Blue's Watson cognitive computing system.
Close on the heels of Prime Minister Narendra Modi's "Make in India" call, global health giant Abbott is setting up a Rs 450-crore plant for manufacturing nutrition products in Jhagadia, Gujarat.
On the eve of World Food Day, the IDB and the PepsiCo Foundation announce $5 million grant for nutrition program to help children in Colombia, Guatemala, Mexico and Peru
How private sector providers add marketing and distribution value for voluntary medical male circumcision
There's been a rise recently in digital healthcare, or eHealth, to bridge the chasm between China's developed health services in large cities and its grassroots rural care.
For nearly four decades, mention of the Ebola virus has evoked death and terror, yet a simple factor—money—has stood in the way of erasing the curse, experts say.
The World Health Organization estimates a monthly need for 300,000 personal protection suits or seven suits daily per Ebola patient bed, according to Daniel Epstein, spokesman for WHO.
Manish Ranjan led his business school team to victory in the Hult Prize 2014. Now, the MBA entrepreneur has grand plans to help fix India's healthcare system.
Canada will help India in building smart cities and achieving its target of housing for all by offering wooden multi-storey housing technology, officials said here Wednesday. In a meeting with Housing and Urban Poverty Alleviation (HUPA) Minister M. Venkaiah Naidu here, Canadian Minister of International Trade Ed Fast said his country's "expertise in wood-based housing technology that enables multi-storey construction and India can consider it to meet its ambitious housing targets".
Accion today announced an investment in Umati Capital, a Kenya-based lending company that provides invoice discounting and other forms of working capital financing to small and medium-sized enterprises (SME) in East Africa.
"With the help of the Jan Dhan Yojana, the reach of banking can definitely be expanded, making migrant workers aware of different services," says a senior executive from Bank of India.
David Wilton Joins Morgan Stanley from International Finance Corporation.
Equity Bank's thin-SIM mobile money transfer system faces more hurdles after a data specialist went to court seeking to block its rollout.
This week SolarAid release their second ever Impact Report. The report is packed with information on how the charity does what they do, why they do it, the impact of that, and what they’re working towards. In the last year the charity, who's goal is to eradicate the kerosene lamp from Africa by 2020, had some great progress.
Mobile phones are giving farmers in rural communities served by Grameen Foundation's Community Knowledge Workers access to information that helps them improve their practices and earn more for their produce.
Mobile use in Africa is expected to increase 20-fold in the next five years.
Shweta Kohli has always paid her own way.
In West Africa, one of the simplest ways to slow the Ebola outbreak is to educate people about how to keep from getting infected with the virus. Now, there are some signs that Ebola awareness is indeed driving down the number of cases in parts of Liberia — and Liberian musicians and DJs may deserve some of the credit.
Safaricom's popular mobile money-transfer service may finally have met its match as innovation in the banking sector catches up.
New social start ups tackling water, energy and construction challenges in Pakistan hope to help break the country’s reliance on aid
Yesterday, Coins.ph, the Philippines largest Bitcoin exchange, launched what it says is the first mobile Bitcoin wallet designed specifically for emerging markets.
Millions of Southeast Asians today lack access to affordable, quality healthcare. As connected devices become increasingly ubiquitous in the region, however, many companies and NGOs are developing innovative ehealth apps to address the problem.
One of France's largest banks is teaming up with social network Twitter Inc. (TWTR.N) this week to allow its customers to transfer money via tweets.
The Federal Government has said it would leverage the expansive network of the Nigerian Postal Services (NIPOST) to reduce the unbanked adult population in the country to 10 per cent by 2016.
(Reuters) - Indian companies and global health groups are stepping up efforts to provide a critical medicine for the country's free HIV/AIDS drugs program after more than 150,000 patients risked going without their dosages this month.
West Africa’s Ebola epidemic is a “Black Swan” event that is likely to severely alter how the world approaches future global public health crises — even more so than the AIDS epidemic has done — according to a commentary published Friday in JAMA Internal Medicine by Michael Osterholm, director of the University of Minnesota’s Center for Infectious Disease Research and Policy (CIDRAP).
John Streur, incoming CEO of Calvert Investments Inc., sees "two broad trends that are really coming together to shape and influence socially responsible investing."
The Global Innovation Fund (GIF), a UK-based nonprofit, recently announced its launch in the US city of New York. GIF plans to fund “social innovations” brought forward by nonprofit entities as well as for-profit organizations and government.
The Gates Foundation’s Grand Challenges in Global Health programme is a decade old. How has it done, and what should it do in the future?
It took 18,500 interviews, but Nigeria managed to contain the Ebola outbreak.
SC Johnson, the Wisconsin-based company, is selling cleaning and pest control products in Ghana while contributing to local efforts to reduce the risks of contracting malaria.
Pfenex Inc., a clinical-stage biotechnology company engaged in the development of high-value biosimilar therapeutics and difficult to manufacture proteins, today announced the initiation of a multi-product research program with PATH.
For almost a year, China has been pitching a big, internationally funded bank that would offer quick financing for badly needed transportation, telecommunications and energy projects in underdeveloped countries across the region. But the United States has not embraced the proposal.
Yesterday three physicists won the Nobel Prize in Physics for creating blue-light LEDs, which makes the LED white lights we find everywhere possible.
RSF is pleased to announce a new loan to Madécasse, a social enterprise that makes chocolate and vanilla products in Africa. RSF provided a line of credit that will allow Madécasse to finance their inventory purchases and assist with cash flow gaps throughout the year.
The Ebola outbreak in West Africa and now the U.S. is surely among the most high-profile incidents wherein mobile health technologies could have proven their mettle.
Bank Indonesia (BI) officially launched on Wednesday an electronic payment system to support the transfer of government direct cash assistance to poor families in several provinces in the country.
The deadly Ebola epidemic could deal a $32 billion-plus blow to the West African economy over the next year if officials cannot get it under control, the World Bank warned Wednesday.
An anonymous donor has given the University of Michigan $25 million to bring reproductive health medicine to remote areas in Africa.
Washington, Oct 9 (IANS) An Indian government scheme to provide health insurance for catastrophic illness to households below the poverty line (BPL) has lowered both mortality rates and out-of-pocket expenses for the residents in Karnataka, a World Bank-funded study shows.
Private equity fund LeapFrog Investments has exited a Kenyan insurance firm in which it first injected capital in 2011.
Koichi Saito, Director, IMJ Investment Partners doesn’t think Manila needs Google Glass
Stripped-down versions of products meant for the affluent, urban Indian will not work for the financially excluded
Firestone detected its first Ebola case on March 30, when an employee's wife arrived from northern Liberia. Since then Firestone has done a remarkable job of keeping the virus at bay.
The Ebola outbreak created a demand for personal protective equipment. Clinics can go through hundreds of PPE suits a day. Manufacturers increased production but agencies say there's still a shortage.
Targets to eliminate tuberculosis (TB) by 2050 are more likely to be met if new vaccines are developed for adults and adolescents rather than infants, according to a new research.
As global health officials rush to begin human trials of two promising Ebola vaccines in West African medical workers, a daunting question remains unanswered: Who gets the placebo injection?
Kenya’s Wananchi Group, which owns the Zuku pay-TV and fibre brands, has raised US$130 million in funding to expand in East and Southern Africa.
Should charity go on forever? For Chuck Feeney, the answer is an emphatic no--and fellow billionaires, from newly-minted Silicon Valley entrepreneurs to Bill Gates and Warren Buffett, can learn from his example.
Commercial Bank of Africa and Safaricom have launched a campaign to deepen financial inclusion and access to financial services, targeting M-PESA customers who have yet to start using mobile savings and micro - loan solution M-Shwari.
A new wave of financial innovation is forming, that could sweep over traditional banking, traditional payments systems, even the traditional idea of money.
CARD MRI, Freedom from Hunger and the Microcredit Summit Campaign are launching a joint project called “Healthy Mothers, Healthy Babies” to improve health knowledge and promote behavior change for more than 600,000 women by December 2015.
Has social entrepreneurship taken off in Africa? Is it making the impact it is supposed to make? Has institutional support been of the kind that is required?
Initially when she needed a loan, Joan Mwashi would approach a group she belonged to under a microfinance institution.
When Prime Minister Narendra Modi, in his Independence Day speech, vowed to eliminate open defecation, India took notice.
India’s new Prime Minister, Narendra Modi and his delegation, who have been visiting the U.S. for the first time, have spent considerable time and energy in courting U.S. business interests.
Kolkata-based Bandhan Financial Services Pvt. Ltd is one of two companies (IDFC Ltd is the other) preparing to convert themselves into banks, having received an ‘in-principle’ approval from the Reserve Bank of India (RBI) six months back.
Equity Bank is determined to challenge M-Pesa monopoly following an announcement made by Taisys Technologies where Equity Bank will be issuing a ultra-thin mobile banking smart SIM with patented technology from Taisys.
Project will scale-up pilots applying behavioral economics to create morecustomer-centric financial services
The World Health Organization (WHO) has described the framework of a health care system in terms of its basic building blocks.
It’s been reported that the Competition Authority of Kenya (CAK) has pushed through an order compelling Safaricom, Kenya’s largest mobile operator, to share its mobile money transfer agents with the other mobile networks.
Latin American business schools are drawing more international students and launching more MBA programs with a unique focus on entrepreneurship and social responsibility.
Banks in a tizzy over shortage of cards, duplication of accounts
Poor physical health and poverty can go hand-in-hand. When those without money suffer from a disability, they either cannot afford to get the medical attention to get better or go deeper into poverty trying to become healthy. In Mexico, two million people suffer from cataracts and even more from other eye-related health issues, making it the second leading cause of disability in the country. Most of them are poor or working class people.
Clean cooking and better sources of energy can have a domino effect on health and education.
The Malawi Ministry of Health said new HIV infections have reduced from 52,000 to 35,000 per year.
The over the counter (OTC) drug market in India is expected to grow to $6.6 billion by 2016 with pharma companies and chemists increasing their presence in the rural market.
Royal Philips has announced a partnership with South Africa based not-for-profit organization, PET (PowerFree Education Technology), to further develop, test and commercialise a Wind-up Doppler Ultrasound Fetal Heart Rate Monitor aimed at addressing the high rates of preventable infant mortality across Africa.
The world wide web still isn't all that worldwide. An exhaustive new study by McKinsey & Company (really, it's 120 pages long) about the barriers to Internet adoption around the world illuminates a rather surprising reality: 4.4 billion people scattered across the globe, including 3.2 billion living in only 20 countries, still aren't connected to the Internet.
Some microfinance companies are doubtful of meeting the Bank of Ghana’s set deadline of June 2016 to shore-up their paid capital as per the revised regulations.
Socially responsible investors—who seek to marry long-term competitive financial results with social objectives—have to tangle with a number of risks in emerging markets.
As the story of the mobile phone and its contribution in bridging the digital divide in Sub-Saharan Africa unfolds, the device’s revolutionary role in facilitating transactions and wealth distribution in the region is shaping up in an unprecedented way.
Policy makers, college administrators, and parents are all searching for ways to help needy students graduate. But one option is missing from the debate: pay-for-success financing.
Sanitation and nutrition, contraception and newborn survival, girls' education and child survival, infrastructure and maternal survival, women's incomes and violence -- these are just some of the most powerful relationships in global health and development today. Odd couples, you might think.
Facebook already knows who your friends are and the kind of things that grab your attention. Soon, it could also know the state of your health.
Judith Rodin is the president of the Rockefeller Foundation, which means she’s in charge of giving away one of America’s historic fortunes. One problem: “As rich as Rockefeller” doesn’t mean quite what it once did. The foundation ranks only 16th in assets among U.S. charities, according to the Foundation Center.
Citi is working with non-profit organisation Catalyst Miami on a tech-based financial inclusion programme that it believes could be replicated across the country.
The first wave of telco-backed payments banks is slated to charge up India's mobile banking turf but explosive growth in mobile money transactions, mirroring the Africa experience, won't happen unless RBI allows direct cash withdrawals under mobile wallet services, leveraging the reach of telecom retail networks, mobile operators and sector analysts told ET.
Farrukh H Khan is the Country Director & CEO of Acumen Pakistan and one of the leading independent business and financial advisors in the country.
The latest commercial for Procter & Gamble's top-selling brand of sanitary pads in India ticks all the usual boxes - a young woman jogs happily in pristine white trousers, before effortlessly winning a tennis tournament.
If the U.S. spent more money on disease prevention and clinics—and less on vaccines and drugs—everyone in the world would stand to benefit
Bill Gates is banking on digital technology to bring financial services to the world’s poor.
Of the many unintended consequences of the Affordable Care Act, perhaps the least noticed is its threat to innovation.
The recent revelation that the Ebola drug ZMapp is produced in the leaves of tobacco plants captured global attention.
Randomized controlled trials, an impact evaluation method, have been a contentious development issue of late, with as many advocates as critics. A Devex survey of senior development executives across six continents and varied organizations revealed that nearly half aren’t familiar with the debate or have no opinion at all. This indicates that while RCTs remain a hot topic among academics and practitioners, the issue is not yet relevant to many senior managers. Another sizable group — 37 percent of executives surveyed — responded that RCTs are “somewhat overhyped.”
Both GlaxoSmithKline and NewLink Genetics are working to boost their capacity to make Ebola vaccines, with a goal of a "very significant increase in scale during the first half of 2015," the World Health Organization said on Wednesday.
Can the global health system stop Ebola? The answer has more to do with Samuel Kaziraho than you might expect.
Nearly one third of medical and nursing students in developing countries may have no intention of working in their own countries after graduation, while less than one fifth of them intend to work in rural areas where they are needed most, according to a new study.
Shares of some companies that are studying potential vaccines for Ebola climbed after federal officials announced that the first case of the disease has been diagnosed in the U.S.
Traditional means of containing Ebola aren't working fast enough to get ahead of the epidemic. So the question is: Will giving an experimental vaccine to willing volunteers help contain the disease or put people at greater risk?
Cholera, malaria and the rapidly expanding threat of Ebola have hit African countries with a related health-care problem: the scourge of fake drugs.
Work on a credit referencing system for the microfinance sector is scheduled to be completed by middle of next year, the Ghana Association of Microfinance Companies (GAMC) has said.
So-called “responsible” investing is gaining cred both with retail investors and institutional investors. But as Cerulli Associates points out in a recent report, the question is whether growing interest in green or responsible investing will translate into more investible opportunities in this space.
Jean-Claude Bastos de Morais, a Swiss-Angolan, is a successful entrepreneur and the founder of the African Innovation Foundation (AIF), a Swiss-based organization that promotes innovation and sustainable development for Africa. The African Innovation Foundation mobilizes innovators across the continent to release untapped potential in Africa, enhancing the way Africans live, work, and learn.
Prime Minister Narendra Modi’s plan to develop India includes creating toilet access for all 1.2 billion people and opening a bank account for every adult who doesn’t already have one.
The lack of preventative action against Ebola isn’t just market failure, and effective action against public health crises in West Africa are unlikely to be addressed by private investors putting money into social impact bonds.
The fossil fuel giant is part of a public-private partnership with a complicated balance sheet.
It’s no secret that noncommunicable diseases such as cancer, heart disease, diabetes and asthma cause an increasing burden of death and disability in rich and poor countries alike. But few people are aware that 35 million people die from chronic diseases globally each year, and that number is expected to grow considerably over time.
From India to Mexico, meet the innovators in open-heart surgery and palliative care developing unconventional health solutions
Today, at the Global Citizen Festival in New York’s Central Park, Unilever is announcing a commitment to help 25 million people gain improved access to toilets by 2020.
TriLinc Global Impact Fund announced today that it has approved a total of $9.9 million in trade finance facilities to a Kenyan, a South African and an Argentine company, bringing total financing commitments as of September 29, 2014 to $38.1 million for business expansion and socioeconomic development through its holdings in Latin America, Africa and Southeast Asia
Crowdfunding itself is going viral around the globe. It seems that everywhere you look, crowdfunding is popping up in a big way. This is top of mind for me as I jump on a plane to Moscow to deliver a keynote address at CrowdMap ’14.
Roche has announced a major Global Access Program to sharply lower the price of HIV viral load tests in low- and middle-income countries
Kerala’s largest IT employer UST Global, Monday, announced the release of an advanced telemedicine application, developed in collaboration with Mumbai-based Balabhai Nanavati Hospital’s telemedicine centre and BlackBerry India.
One startup working in Nepal learned that delivering high-quality health care often means having to innovate in unexpected ways--such as building new energy systems.
Microfinance has blossomed in recent years, helping fill a funding need for businesses too tiny and risky for traditional banks. Curiously perhaps, while microfinance has been a big hit across parts of Asia and South America, its start in the Middle East and North Africa hasn’t been as auspicious.
The government will shortly announce the life insurance cover to be provided to the new bank accounts being opened under the Prime Minister's Jan Dhan Yojana, a top finance ministry official said today.
In announcing last week that it would purge its portfolio of fossil fuel investments, the Rockefeller Brothers Fund did more than make a financial decision; it joined a movement.
Sustainable, socially responsible mutual funds would not exist without agent orange.
While health workers on the ground continue to struggle to contain the Ebola outbreak in West Africa, the United Nations, international nongovernmental organizations and other donors are appealing to the private sector for help.
NGOs are selling discount drugs directly to shopkeepers in hopes of quelling the parasitic disease.
General Electric, which is supplying a total of 376 locomotives to Transnet, is looking for opportunities in other sectors in SA, such as healthcare and energy.
Normally it takes years to prove a new vaccine is both safe and effective before it can be used in the field. But with hundreds of people dying a day in the worst ever outbreak of Ebola, there is no time to wait.
The Aspen Network of Development Entrepreneurs (ANDE) and the Argidius Foundation—a charitable foundation promoting businesses as a way to mitigate poverty—have announced an award of one million euros ($1.27 million) to Investisseurs & Partenaires (I&P), an impact investment group dedicated to African small and growing businesses.
The Ghana Association of Microfinance Companies (GAMC) has backed moves by the central bank to put a limit on the number of operating permits that can be issued to microfinance companies.
The National Informatics Centre cooperative core banking solutions aims to address some of the concerns of financial inclusion in rural areas.
Sequel to a multi-country licensing agreement made between MasterCard and Ecobank in January, both institutions have signed another deal that will see the use of MasterCard prepaid, debit and credit cards at Ecobank’s Automated Teller Machines (ATMs) and Point of Sale (PoS) terminals in 28 African countries.
The Modi government has ignored warning signals raised by the Reserve Bank of India (RBI) about the way the Jan Dhan Yojana financial inclusion scheme is being implemented.
To combat Ebola and other infectious diseases, the US could impose $3 tax on international air travel.
The experimental Ebola vaccine that Canada promised to ship to West Africa to help fight the epidemic six weeks ago has yet to be shipped to West Africa a, says Dr. Gregory Taylor, the country's new chief public health officer.
Handwashing with soap is one of the most cost-effective ways to reduce preventable diseases like diarrhea and pneumonia, which are the main causes of child mortality.
Leaders from 140 countries gathered this week at the UN General Assembly in New York City amid a set of global crises that include war in Iraq and Syria as well as Ebola in Africa.
As more Indians step up to make online payments, there is a proliferation of payment gateways and mobile wallets, many of which are facing the risk of being misused by unscrupulous merchants.
Climate change activists are pushing for investors to get out of carbon polluters. What are the options for individuals using mutual funds?
Impact Investment Exchange Asia (IIX), a leader in social sector development through impact investing, recently announced its Clinton Global Initiative (CGI) Commitment to Action on Women’s Impact Bond (WIB) at the 2014 CGI Annual Meeting.
The idea of investing both for profit and social good has come a long way in the last few years, but the sector still has enormous potential to grow.
Mobile operator Vodacom is cautiously optimistic that itsMobile money offering, M-Pesa, is now better positioned to take off locally, after it failed to make much of an impression on the local market the first time around.
After Janalakshmi's record-breaking deal, Indian MFI sector likely to raise Rs 2,000 crore in FY15
A Red Cross team was attacked while collecting bodies believed to be infected with Ebola in southeastern Guinea, the latest in a string of assaults that are hindering efforts to control West Africa's current outbreak.
Promising vaccines, developed by U.S. and Canadian companies and agencies, could be ready for use by December.
A team of students from the Indian School of Business left a Times Square Sheraton Tuesday night with $1 million to help them improve access to health care in low-income neighborhoods and with this year’s Hult Prize, which former U.S. President Bill Clinton awards annually to a team of student social entrepreneurs.
Inclusive business has continued to flourish with the growth of new enterprises that serve the bottom of the pyramid
Apple Pay what again? Walmart is getting into the mobile banking space, the companyannounced this morning, through a partnership with financial services provider Green Dot Corporation.
This week more than 1,000 leaders across industry, government and academia have come together at Clinton Global Initiative (CGI) to discuss new approaches to address complex global challenges.
Our planet is home to about seven billion people. Since the 1990s, population experts have predicted the number would grow to ninebillion before it begins to slow down and possibly decrease.
From the #StopEbola song to the Aids Fighter Pilot game in India, fun is proving to encourage healthier behaviours
A project at McMaster University is receiving $112,000 in seed funding from Grand Challenges Canada ... (to) adapt an existing technology to make vaccines for deadly illnesses more affordable and available for use in resource-poor areas.
With increased penetration of government health insurance schemes like RSBY ( Rashtriya Swasthya Bima Yojana) coupled with private hospitals building capacity across the country, health insurers are also looking at smaller markets.
Experimental Ebola drugs including compounds from Mapp Biopharmaceutical, Sarepta and Tekmira will be tested in affected West African states for the first time in a bid to fast-track trials, the Wellcome Trust said on Tuesday.
For some time now, major bilateral donors have been working independently to fund innovations and support startups, but a group of them announced Tuesday a new fund where they will pool capital to spur creative, pioneering interventions to tackle global development challenges.
New York, 23 September 2014 - Bank of America today announced a Catalytic Finance Initiative, designed to stimulate at least $10 billion of new investment into high-impact clean energy projects.
THE International Monetary Fund (IMF) has unveiled the result of its 2014 Financial Access Survey (FAS), which is aimed at mapping the global financial inclusion strategy.
Boston, MA and Lima, Peru, September 24, 2014 – Accion, a leader in microfinance, today announced its purchase of a 10 percent stake in Peruvian microfinance institution Credinka from majority stake holder Diviso Grupo Financiero.
Sure, it's mostly symbolic. But the global energy business is also on the cusp of a dramatic transformation.
World Health Organization researchers issued a dire new forecast for the Ebola epidemic Tuesday, one that sees 20,000 cases by November, much sooner than previous estimates. And 70 percent of patients are dying.
The use of thin SIM technology has been approved in Kenya paving way for new Mobile Virtual Networks Operators (MVNOs) to use them for new services among them mobile money transfer.
On Wednesday, Bill Clinton will present the Hult Prize at the Clinton Global Initiative meetings in New York. The $1 million award will go to a team of young social entrepreneurs with a business idea to improve lives in developing countries.
Omidyar Network today announced that Tilman Ehrbeck will join the philanthropic investment firm as a partner. Based in Washington D.C., Ehrbeck will oversee Omidyar Network's Financial Inclusion, Impact Investing, and Property Rights initiatives. Omidyar Network Managing Partner Matt Bannick made the announcement during the Clinton Global Initiative Annual Meeting in New York.
The GE Foundation announced today a new Commitment to Action with the Clinton Global Initiative (CGI) to expand the ImPACT (Improving Perioperative & Anesthetic Care Training) Africa program in Kenya.
Despite Cambodia's rapid economic growth driven by strong exports, private investment and a growing agricultural industry, nearly one in five Cambodians live below the international poverty line.
M-KOPA Solar announced on Friday that it has powered up to 100,000 homes in Kenya and Uganda within two years of its commercial launch.
The central bank warned last week that a faulty rollout could create more problems than it could fix.
New course reflects a growing commitment by business schools to address the unique needs of social enterprises
The Tata Group has announced the commencement of the Tata Social Enterprise Challenge (TSEC) 2014-15, a joint initiative with the Indian Institute of Management Calcutta (IIM-C), to find India's most promising early-stage social enterprises.
Tata Teleservices has become one of the first companies in India to harness big data to bolster its legal and regulatory operational requirements.
Justine Greening has signed a joint letter of intent with Unilever CEO Paul Polman, committing to a new partnership.
When General Electric engineers here wanted to develop a more affordable baby warmer for India’s small, private hospitals, they initially replaced the fat, rubberized wheels standard on high-end models with smaller metal ones. They figured it was a quick, easy way to cut costs.
For years, multinational companies had little interest in lower-end consumers, figuring no money was to be made. Now, they are increasingly attractive to all types of industries, from consumer product makers to technology businesses.
The Urban Development Ministry and the Bill and Melinda Gates Foundation have agreed on a partnership to promote user-friendly toilets to ensure universal sanitation in the country.
There’s a dearth of seed-stage funding for social enterprises in developing countries, a situation known as the “pioneer gap.” That’s why Will Poole and Dave Richards co-founded Unitus Seed Fund about two years ago and, recently, announced an agreement with the U.S. Global Development Lab, a new enterprise within USAID, to jumpstart the early-stage impact startup ecosystem in India.
President Barack Obama heads to the United Nations General Assembly this week with two missions: to rally international support for a coalition against Islamic State militants in Iraq and Syria and to back his plan to fight the Ebola virus in West Africa.