EQUITY Bank plans to officially launch its mobile money platform Equitel - the trading brand of its telecoms subsidiary Finserve Africa - next quarter, chief executive James Mwangi said yesterday.
As if it were a sacred ritual, every week Gloria Sánchez meets to talk business with four other Hispanic women who are on their way to entrepreneurship thanks to the system of microloans.
The newly launched branchless banking regulation will enable banks to expand their financial services to disadvantaged and low-income segments at affordable costs, a senior official of the Financial Services Authority (OJK) has said.
On a typical day, Rohit Bokhare makes about Rs 800 taking passengers in his Mahindra Xylo between Saki Naka in Andheri and Adlabs Imagica on the Mumbai-Pune expressway in Raigad district. The 51-year-old defaulted on repayment of the loan he took to purchase the utility vehicle for four months, which led his financier to come inquiring. Shriram Transport Finance, the non-bank finance company that financed the vehicle, last week found his Xylo lying in a garage for repair for 20-25 days, blocking his regular cash flow. To top it up, Bokhare had a repair bill of Rs 20,000-25,000. He couldn't pay the EMIs in the previous months because of family exigencies.
Perhaps this is the reason why Pakistan Microfinance Network (PMN) Chairman Nadeem Hussain believes that an impressive growth of 20-25% per annum for the past many years has still not made the country’s microfinance industry ‘relevant’ in the fight against poverty.
As I sit down to write this, a letter comes to my desk. Handwritten by a 90-year-old man, the letter seeks help from Mint’s insurance expert in resolving a fraud carried out by an insurance company agent who sold a policy for his grand-daughter, changing her status from a US citizen to a non-resident Indian and promising returns in dollars.
A new law permitting non-bank for-profit lending institutions may unleash a revolution in microfinance by allowing more actors and innovators to get involved.
The infant mobile wallet market in India is estimated to grow over threefold to Rs 1,210 crore in the next five years, buoyed by rising smartphone users and entry of newer players into the sector.
Artepharm, a Cantonese medical drugs laboratory, has been engaged for the past few years in a remarkable venture against malaria, a health scourge that has long plagued humanity and has been responsible for every second human death since the Middle Ages.
Brazil is the largest country in South America and the fifth most populous in the world, but it provides only a minor fraction of the technological innovation that drives economic growth in other countries. A new social enterprise called Tunnel Lab is trying to change this dynamic by introducing a love for technology in many of the country’s poorest favelas.
On a recent Friday, several inventors gathered in downtown Washington with suitcases and coolers full of prototypes designed to prevent the spread of the Ebola virus.
Bank of America’s Global Wealth and Investment Management (GWIM) division today announced that it has signed the United Nations-supported Principles for Responsible Investment (PRI) on behalf of its discretionary asset management businesses. The unit (GWIM) is comprised primarily of Merrill Lynch Wealth Management and U.S. Trust.
It started with a plea to help 60,000 orphans in the company’s care. The children, who were being looked after in Zimbabwean orphanages set up by the telecoms operator Econet Wireless, could not study at night because there was no power and lighting, and many were getting sick from breathing in the chemicals emitted from candles.
A United Arab Emirates state investment fund announced on Monday it would provide $200 million in loans for microfinance projects in Egypt, a move it said would create more than 120,000 jobs by 2020.
Mobile phone technology can help to bring financial services to the 80 percent of African women who do not have a bank account and bolster the growth of the world's poorest continent, Nigeria's finance minister, Ngozi Okonjo-Iweala, said on Monday.
It's now Goliath versus Goliath in the quest for an Ebola vaccine. Until now, the two leading candidates for a vaccine to protect against the Ebola virus were being led by global pharmaceutical giant GlaxoSmithKline on the one hand, and a tiny company in Ames, Iowa, that was virtually unknown, on the other.
One of the biggest private foundations in the world just took a step toward becoming more open with the research it funds.
Banking will have a new look with some of the jigsaw pieces slowly falling into place. Almost all dealings between a customer and her bank will be possible with a basic handset and without accessing the Internet.
The trend of impact investing — into companies, organizations and funds with the aim of investing for social and environmental good, as well as a financial gain — is becoming more specific.
Entrepreneurship is about solving a problem, not starting a company. While this isn't a new idea, today's young entrepreneurs have the advantage of the Internet, which has collapsed time and distance barriers. This means problems solved locally can have immediate impacts globally—and that's good for both people and business. A new generation of entrepreneurs is creating a new generation of technologies that are, quite literally, changing the world overnight.
The Global Health Corps co-founder argues that the nonprofit health care world needs workers with expertise in business, engineering, and communications.
Financial and insurance activities are expanding at roughly twice the pace of the overall economy and just 30 per cent of the population are formally banked, so industry leaders have good reason to be optimistic about the country’s financial services future.
Bank of America today announced a partnership with the Global Alliance for Clean Cookstoves (GACC) to raise $100 million to help provide clean cooking solutions to millions of households in the developing world.
Joshua Wrenn needed money to make the January payment for his Jeep Cherokee. The truck driver and aspiring country singer in Madison, North Carolina, got $800 within minutes from a website he found on his phone. When he called to check his balance a few weeks later, he was told he had electronically signed a contract to pay back $3,920 to a company owned by an American Indian tribe.
Investment in Nigeria’s pharmaceutical sector has hit N70 billion in the last four years, the Pharmaceutical Manufacturers Group of the Manufacturers Association of Nigeria (PMG-MAN) revealed to BusinessDay.
As mobile penetration and smartphone proliferation continues its unprecedented surge in Africa, its beneficiaries are spreading beyond the confines of social interactions and brand development. The number of health solutions, exploiting this growth, are also on the rise.
While insurance penetration in general remains low, micro-insurance has seen significant growth as more banks partner with insurance firms to offer micro-insurance products to low-income earners.
Nigeria’s fourth largest bank, Access Bank Plc, has signed a deal with Airtel Nigeria that will see its mobile money service run on the network of the mobile operator. The collaboration is aimed at boosting financial inclusion in the country.
There appears to be a disconnect between the global burden of pneumonia and how much money is spent on attempting to reduce this burden, which Humanosphere recently summed up as: Pneumonia leads in killing children, but not in global health financing.
LeapFrog Investments and Resolution Insurance announced today, that LeapFrog intends to invest $18.7 million for a majority stake in Resolution Insurance,through its holding company, Resolution Health East Africa Limited.
Innovative new social enterprise will work with donors and nonprofits to apply the rigor, transparency and ease of a for-profit investment platform to the world of charitable giving.
Snapchat may be the latest application with a new mobile payment feature launched this week, but the idea that made Snapcash possible was spawned more than seven years ago in Africa.
Royal Philips and the SNV Netherlands Development Organisation (http://www.snvworld.org), will be working together to improve access to clean cooking solutions in Africa by introducing clean and efficient household cook stoves to rural communities across the continent. The partnership aims to improve the health and well-being and income of rural populations while having a direct positive impact on the environment and will include research, community education and access to financing for adopting clean cooking technologies.
How much is a fast track for the Food and Drug Administration review of a new drug worth? Try $125 million.
The loan portfolio in south comprise a third of total.
The share of U.S. managed assets invested with environmental, social or similar criteria rose 50 percent over the past two years, a foundation that tracks the field said, because of new disclosure standards and client concern about areas like climate change.
A $10 million micro fund that will make investments in early and growth stage mobile startups, including mobile health, got started this week.
Foundation seeks to reach 10 mn under-served people, ties up with Rajasthan govt to offer 11 low-cost health innovations
The BRICS Development Bank, the AIIB and the Silk Road Fund – recent initiatives spearheaded by China that symbolize its growing influence in development funding and potential new sources of financing, says Rajiv Biswas.
Responsible investing has undergone a radical shift, investors are demanding more of their financial advisors, and regulators are struggling to keep up, say experts.
Ericsson has announced that MTN Uganda has deployed the Ericsson Converged Wallet platform, enabling the operator to quickly introduce relevant, new and differentiated mobile financial services offerings for seven million MTN Uganda mobile wallet users and 50,000 agents
This year, the Foreign Operations Bill proposed by the House of Representatives includes the restoration of $300 million in funding for the successful President's Emergency Plan for AIDS Relief (PEPFAR), which has been chronically underfunded in recent years.
TANZANIA is the first country in Sub-Saharan Africa and ninth globally for demonstrating most conducive environments for financial inclusion, according to the new Global Microscope 2014 by The Economist Intelligence Unit.
Sizwe Nzima was sitting in a clinic waiting for his grandparents' HIV medicine four years ago when he had an idea: Why not start an HIV medicine delivery service?
A joint telemedicine initiative between Apollo Hospitals and African telecoms company Airtel will expand access to health services for many Nigerian mobile subscribers.
Frustrated at the lack of interest by the medical establishment in reducing the costs of diagnostic testing, Kanav Kahol returned home to New Delhi in 2011 and built a prototype of a device called the Swasthya Slate (which translates to “Health Tablet”) in less than three months, for a cost of $11,000.
The Financial Solutions Lab at the Center for Financial Services Innovation (CFSI) today announced that household liquidity, the management and alignment of income and expenses, will be the focus of its first innovation challenge.
Upaya Social Ventures and the Artha Initiative are proud to announce that they have formalized a collaboration through which they will work together to develop a pipeline of and co-invest in India’s Small and Growing Business (SGB) sector.
Business and civil interests representing the mobile payments markets are developing global principles, standards and codes of conduct for digital finance, as cashless payments move to the fore in the developing world.
South Africa’s largest Bitcoin exchange, BitX, has launched a Bitcoin mobile wallet that makes storing and using the cryptocurrency easier and safer for consumers in emerging markets.
While the Securities and Exchange Commission dawdles, states are rushing to adopt their own crowdfunding rules. Ironically, it may just be the thing that rescues crowdfunding from a regulatory death grip.
Pakistan’s central bank has revealed it will implement biometric technology for identity verification developed by the country’s National Database and Registration Authority.
Gone are the heady headlines proclaiming the birth of a trillion dollar asset class. Instead, we are seeing substantive attempts to overcome challenges to sector growth.
When you think of efforts to reduce maternal mortality, it’s natural to look to governments, theUnited Nations, the World Health Organization and other national and international bodies charged with responding to global health challenges.
Taking concerns of India and other developing countries on board, the G20 today vowed to take "strong practical" measures to reduce the global average cost of transferring remittances to five per cent.
Did you read the story on Chinese investment in Africa? They’re being published in droves, usually with a vaguely racist headline, like “Booming African lion economies gear up to emulate Asians.”
Ezetap, a mobile payment startup, wants to connect small Indian villages with business and is using its mPoS to do so, Business Standard reported.
The United Kingdom (UK) government’s Department for International Development (DFID) on Monday signed a memorandum of understanding (MoU) with the Bill and Melinda Gates Foundation to set up a digital financial services (DFS) unit in Pakistan.
Microfinance, or lending small sums to low-income borrowers or entrepreneurs, was supposed to be a source of development and income growth for the poor in Africa. Has it worked?
An agreement has been signed which will make contraceptive injections available to women in 69 of the world's poorest countries.
he Narendra Modi government is in dialogues with the Guinness World Records team to bag a record for the government for opening maximum number of bank accounts in minimum number of days, according to persons familiar with the development.
In 2011 Amarendra Kumar learned that a doctor at one of Delhi's biggest hospitals was pushing for his baby niece to have a heart operation she didn't need.
Social enterprise incubator Villgro Innovations has picked seven new companies operating in the healthcare, energy, agriculture and education sectors for its second set of incubation and funding programme.
In January, 2010, an unprecedented step was taken to progress research into diseases of the developing world when global pharmaceutical company GSK announced it was creating the world’s first Open Lab. ... Four years since its creation, the Open Lab model is emerging as a success story.
Refrigeration is just one of the myriad challenges for GlaxoSmithKline Plc and other companies racing to create vaccines to fight Ebola. They’re facing issues ranging from packaging the drug in tiny glass vials for distribution, to assembling fleets of trucks and motorbikes to transport it along potholed roads, to monitoring subjects in a Swiss lakeside city to test the vaccine ultimately destined for villages in the African jungle.
World's largest chip maker Intel Corporation has unveiled a new sensing platform for enabling mobile-based healthcare delivery to masses.
Africa is a young continent with a large so-called “bottom of the pyramid” population. There has been growing interest in the continent from investors and multinationals alike, with many South African firms in particular aggressively expanding into new markets and heightened mergers and acquisitions interest from abroad.
November 16, 2014. Bangalore: Unitus Seed Fund announced that it has now raised over USD $4 million from 16 high net income Indian investors in its Indian rupee fund, and Seattle area tech executives, including Steve Singh, Diego Piacentini, and Bill Gates have invested in Unitus Seed Fund’s affiliated offshore venture fund.
Depo-Provera, an injectable contraceptive given once every three months, is already a popular choice of women in developing countries, who value the convenience and discretion of not having to take a daily birth control pill. But the injections are out of reach for many more women.
Saraya Co. Ltd, a Japanese manufacturer of hygiene and sanitation products, joined the Business Call to Action (BCtA) with an initiative to decrease healthcare associated infections in Uganda.
I’ve had the opportunity over the last few months to meet bankers and regulators from around the world to discuss their economic growth plans, the impact of rising inequality in wealth and incomes, and in some cases, extending the reach of their financial systems.
SunFunder, the US crowdfunding company dedicated to funding off-grid solar projects in developing countries, announced Wednesday that it had completed its Series A equity round of funding, raising $2.5 million. The announcement came following investments from Schneider Electric, Better Ventures, and a private family foundation based in Palo Alto. This latest announcement follows on from an original Series A investment made by Khosla Impact and a group of existing angel investors.
The Center for Financial Inclusion at Accion today announced a $6.1 millionpartnership with The MasterCard Foundation to launch the Accion Africa Board Fellowship program.
The taxi-hailing smartphone app Uber will launch a mobile wallet in India after its payment mechanism came under the RBI scanner for flouting the mandatory two-step verification on card transactions earlier this year.
Fear of a trip to the doctors and a jab of a needle could be a thing of the past, with scientists developing a world-first needless injection to dispense vaccines.
UCSD researchers show latest efforts
For the past two weeks, ten companies have been consulting with mentors, growing their business models and collaborating with one target demographic in mind: girls in impoverished parts of the world, a population that many say is the most marginalized in the world.
Former EBay Inc. President Jeff Skoll has donated $10 million to UCLA for a center that will encourage students to create socially conscious entertainment projects.
Initial indications from the data on Prime Minister's Jan Dhan Yojana (PMJDY) are that the grand financial inclusion scheme of the Narendra Modi government has failed to achieve its original objective - to encourage the country's vast unbanked poor population to use bank accounts for cash transactions.
Pneumonia is the world’s number one cause of preventable death among children under five years old. Every year, pneumonia kills nearly one million children – more than AIDS, malaria and tuberculosis combined. What makes this number of pneumonia deaths so unfathomable is that its cure is well-known, inexpensive and widely available.
India Post is interested in turning itself into a universal bank like many of its peers across the world and a committee under former Cabinet Secretary TSR Subramanian is looking into the matter, a senior department official said today.
Woman Care Global (WCG) has announced that it will market, Signos RT, an innovative handheld ultrasound technology, in Africa and Latin America.
Too many people in the world don’t have access to safe drinking water in their homes. This month’s meeting of theWorld Economic Forum’s Global Agenda Council in Dubai could be the first step to changing that.
An American pharmacist and an Indian pharmacologist charged with smuggling four million fake pharmaceuticals into the country earlier this month may have been the last straw for the Indian government battling counterfeit drugs.
The sterilization camp that left 13 women dead and many battling for life has exposed the rotten healthcare system in Chhattisgarh, yet again.
Abdul-Rashid Imoro, Project Officer of Sexual Reproductive Health Rights (SRHR) of Savana Signatures, a Tamale NGO, has said some health facilities in the Northern Region had recorded zero maternal mortality due to mobile phone technology the NGO had introduced in the area
Bangladesh’s Infrastructure Development Company Ltd (Idcol) last week marked the installation of 3 million residential solar systems in the country. According to Bangladeshi newspaper The Daily Star, the 3 million systems installed under the Idcol program in off-grid areas have a combined capacity of 135 MW.
Priority sector targets are met by means fair and foul. Competition in providing credit to the unbanked will work better
Women’s need for financial services may actually exceed that of men because they tend to live longer, have lower levels of formal employment, own fewer assets, and have less control over household finances.
Mahindra Comviva has announced that it has enabled the world’s first domestic interoperable mobile financial service between Airtel Money and Tigo Pesa in Tanzania.
The world’s largest economy lags behind other developed nations in banking participation.
If do-gooder entrepreneurs and innovators aim to have a lasting impact, they should consider skipping over the strict "social" in social enterprise.
Ninety-six percent of mobile payment agents in Bangladesh are making profits, thanks to low operational costs, a testament to how popular the service has become in just a few years, according to a study.
More than three out of every five people who die today will do so because of a chronic, non-communicable disease such as diabetes, cardiovascular disease, cancer or lung disease.
Johnson & Johnson, Unilever, and others sign on to the Practical Impact Alliance, a collaborative initiative aiming to scale poverty solutions worldwide.
Ahead of the G20 summit in Brisbane, Australia, The ONE Campaign released a new video today highlighting the fact that at least a trillion dollars is siphoned out of developing and emerging countries through corrupt activity every year. We’re talking about shady natural resource deals, phantom firms, money laundering, and illegal tax evasion.
More than 60 Teams – Chosen from More than 700 Submissions across 62 Countries – to Present Innovations at Events in Silicon Valley, New York and MiamiCiti Mobile Challenge Developer Survey: 88 Percent of Developers See Potential for Financial Innovation in Wearables, but Many Say Banks Are Not Doing Enough to Innovate and Keep Up with Other Industries
The modular system might an ideal alternative for the rusty, non-insulated roofs that are pervasive in poorer countries.
Mobile Money is proving to be a tough nut to crack. Here is why.
Bitcoin, a “decentralized virtual currency” according to the U.S. Treasury, is the first cryptocurrency to be rolled out in its entirety. In addition — when considering market value — Bitcoin is largest cryptocurrency.
There’s a stage when, after travelling too much, or meeting too many people from the emerging markets, your perception of the world shifts.
African operators have been advised to pre-plan for a crisis such as the one faced by West African countries in the form of the ebola outbreak, by ensuring people are signed up to information dissemination services in advance.
With the launch of Shan 5 in India, 27 million babies born annually will have access to vaccination.
By using telemedicine application for mobile devices, Balabhai Nanavati Hospital is demonstrating how mobility can truly transform the way healthcare services are delivered to rural communities.
Healthcare providers in India are expected to spend $1.1 billion on IT products and services in 2014, a 5 per cent rise over 2013.
Giving to charity, not shopping for stuff, is the way most of us think about supporting international development. OK, so there’s fair trade, but what else besides? From small social enterprises to big labels, we look at five examples of consumer brands trying to harness the power of High Street to benefit low-income communities around the world.
In developing countries, childbirth is a high-risk affair—particularly if the baby’s born premature. In countries like the United States, we often put these babies in incubators until they’re able to make it on their own. But access to sophisticated equipment isn’t a given everywhere in the world. Incubators in particular are expensive, require constant electricity, and they can be complicated to operate and maintain. “I just thought, ‘there has to be a better way of doing this,’” says James Roberts.
A partnership between the World Bank and the Gates Foundation is encouraging the creation of a digital payment system.
ACCION Microfinance Bank, Nigeria’s leading microfinance bank, has received N50 million from the Central Bank of Nigeria microfinance intervention - the Micro, Small and Medium Enterprises Development Fund (MSMEDF).
WorldRemit, an online and mobile money transfer company, has announced a partnership with Bancomer Transfer Services Inc. to offer money transfers to Latin America.
The Hivos-Triodos Fund (HTF), a Netherlands-based microfinance investment vehicle, recently loaned EUR 2.5 million (USD 3.1 million) to IntelleGrow, an Indian nonbank financial company that specializes in making loans to small and medium-sized “social enterprises” in the agriculture, clean energy, education, financial, healthcare, sanitation and water sectors.
The Schwab Foundation for Social Entrepreneurship, in partnership with the Jubilant Bhartia Foundation announced Dr. H. Sudarshan, founder of Karuna Trust, as the winner of the India Social Entrepreneur of the Year, 2014 Award. The awards were conferred in New Delhi, at a well-attended gala, by Mr. Arun Jaitley, Minister of Finance, Corporate Affairs and Defence, Government of India. The other finalists included Matthew Spacie of Magic Bus and Yogendra Bhushan of Bodh Shiksha Samiti.
Pharmaceuticals is an extraordinarily profitable business.
The Philippines provides the best access to financial services to people among 12 countries in Asia, reflecting the central bank’s efforts to boost inclusion and tackle poverty, an Economist Intelligence Unit study shows.
Zahir Khoja, VP, global channels at MasterCard, said Africa is attractive as an untapped opportunity and warned many companies think they can implement a “plug and play solution” without realising that “sometimes there is no socket” to do this. Instead they need to understand that an African-specific solution is needed.
Facebook is stepping up its efforts to fight Ebola by adding a button designed to make it easier for its users to donate to charities battling the disease.
Taking the US-India joint statement forward, USAID chief Rajiv Shah announced three partnership projects with India on areas close to PM Narendra Modi's heart — "strengthen water and sanitation, expand access to clean energy and increase access to banking services for poor Indians".
Aid organizations are selling discount drugs directly to shopkeepers in hopes of quelling the parasitic disease
India stands to lose $4.58 trillion due to non-communicable diseases and mental disorders between 2012 and 2030, an amount more than double India's annualGDP, according to a report.
The Oregon Environmental Council had a problem. It was late last year, and the nonprofit’s board finance committee was reviewing the performance of its endowment fund, which was invested in various stocks and bonds and mutual funds.
ZIMBABWE’S largest mobile telecoms company by earnings and subscribers Econet Wireless and Western Union Company, a leader in global payment services, have teamed up to offer consumers fast and reliable international money transfers.
Apollo Hospitals plans to ride the next wave of growth with expansion in rural sector, Prathap C Reddy, Chairman, said. The hospital chain plans to add at least 14 Reach Hospitals in rural regions at a cost of ? 1,800 crore by 2016 and plans more in the coming years.
As India deals with increasing number of dengue fever, pharma major Sanofi today said the world's first vaccine against the mosquito-borne viral disease may be available by the second half of 2015.
The Bill & Melinda Gates Foundation has rejected accusations that too much of its funding goes to Western researchers, saying it is helping small farmers in African countries.
At the current pace, it's a matter of days before bank employees help the government scale the target of opening 7.5 crore bank accounts under the financial inclusion scheme launched on August 29.
When Shawn Askinosie left a successful law career and founded his bean-to-bar chocolate company in 2006, he set out to make a prize-winning product while helping developing-world farmers and their communities. Today he practices direct trade, meeting face-to-face with farmers to buy their cacao beans at above fair trade prices. And he returns each year to share 10 percent of his profits as well.
The GSMA today launched a Code of Conduct for Mobile Money Providers, outlining a series of common business principles to enable the development of safe and responsible digital financial services.
The first-ever survey of conservation impact investing reveals a fast-growing market totaling approximately $23 billion in the five-year period from 2009-2013.
U.S. Agency for International Development Administrator Rajiv Shah announced USAID support for three priority areas of partnership as identified in the recent summit between Prime Minister Modi and President Barack Obama in Washington.
This case study looks at how M-Pesa, a service that originated in Kenya, was tweaked for India and whether it can succeed.
Bharti Airtel today said it has joined GSMA's mobile health partnership programme which aims to provide a range of services to women and children across 11 countries in Sub-Saharan Africa.
In a bid to reach out and engage with consumers more, the $22-billion US healthcare major Abbott is redefining its corporate identity, with India becoming one of the first markets after the US and Brazil where the change is being rolled out.
As GlaxoSmithKline Plc (GSK) and other drugmakers race to develop and deploy vaccines against West Africa’s Ebola outbreak, one key question remains: who will pay?
A series of German-funded studies and pilot projects aims to bridge the gap between Islamic finance and microcredit, to the benefit of communities in developing countries which remain on the fringes of the financial industry.
The Pershing Square Foundation has announced a grant of $611,000 to myAgro – an organization that helps small-scale West African farmers save their way out of poverty through a unique mobile layaway lending program, allowing them to increase harvests by an estimated 75%.
The number of banked South Africans has grown to 27.4 million over the past ten years, or about 75% of the total adult population. But this increase has not translated into a higher incidence of saving, with only 20% of banked adult South Africans saving either in banks or non-bank financial institutions.
Some say D.light could be one of the first base-of-the-pyramid IPOs to offer shares on a major stock market.
Safaricom Ltd., East Africa’s biggest cellular-network operator, is bracing for competition in its key mobile-money business that helped boost first-half profit by 30 percent, CEO Bob Collymore said.
CRDB Bank and European Investment Bank (EIB) have signed a landmark 20 million Euros (about Sh 43 billion) agreement to support small scale businesses.
In a bid to reach out and engage with consumers more, the $22-billion US healthcare major Abbott is redefining its corporate identity, with India becoming one of the first markets after the US and Brazil where the change is being rolled out.
Novopay uses Aadhaar biometric scanner for dealings
Interview with Vice-chairman and MD, Philips India
The 13th Social Enterprise Conference at Columbia Business School was on October 31st. The results of a study on social impact investing in China were released for the first time in history. It is the first time that China has formally dispatched a group to attend a social enterprise conference at Columbia University
AddressHealth, India’s first paediatric primary healthcare network, has won the prestigious ‘Stars in Global Health’ grant competition from Grand Challenges Canada. The company bagged the honours for its innovative model to provide comprehensive healthcare to children in low income groups through tele-enabled school health centres.
According to Wikipedia, crowdfunding is “the practice of funding a project or venture by raising many small amounts of money from a large number of people, typically via the Internet”.
Facebook and Alibaba Group Holding (NYSE:BABA) Limited are on a new mission: solve world poverty by helping more than 4 billion people from low-income countries get access to the Internet — and engage in e-tailing entrepreneurship.
The U.S. Agency for International Development (USAID) on Friday launched its Healthy Markets program, an initiative to encourage the investment of local private sector and foster growth of a commercial market, in Ho Chi Minh City.
Why would a global corporation reinvest 20 percent of its profits from developing countries back into training health workers? It’s simple. Health workers are the driver of health systems.
US philanthropist Bill Gates on Sunday announced he will donate over $500 million to fight malaria and other infectious diseases in the developing world, saying the Ebola outbreak is a call to action.
EQUITY Bank yesterday said it has “quietly” registered over 200,000 customers on its mobile money transfer platform, Equitel, in the ongoing rollout.
Other centres in Asia may be losing their shine—Dubai is surrounded by geopolitical chaos and Singapore is apparently turning less attractive to expatriate workers due to slowing economic growth—marking an opportunity for Mumbai to aspire to that regional position.
MANILA, Philippines — Impact Investment Exchange Asia has launched its first Impact Accelerator program in the Philippines, an intensive in-country program designed to accelerate early-stage social enterprises that have high potentials to create positive social and environmental impact at scale.
South Africans Thato Kgatlhanye and Rea Ngwane are co-founders of the business Rethaka. Their brand of Repurposed Schoolbags are made from recycled and reinforced plastic shopping bags. Recipients are all poor. But it’s so much more than a bag. Because the kids often live in shacks and remote areas with no electricity, Repurposed Schoolbags are built with some other smart features. On the outside of the flap is a pocket for a solar panel, which charges on the long walk to and from school.
GAVI Alliance believes its five-year plan to vaccinate another 300 million children worldwide will save at least 5 million lives. It will also save billions of dollars now lost to treatment of the preventable illnesses and other costs, like parents' lost wages, members of the alliance said.
US drug maker Eli Lilly and Company said on Thursday that it had shared the manufacturing technology for two antibiotic drugs meant for the treatment of multi-drug resistant tuberculosis (MDR-TB) with India’s Shasun Pharmaceuticals Ltd as part of its ongoing programme to increase access of these medicines in countries including India, China, Russia and South Africa, where drug-resistant TB is most prevalent.
A new startup with backing by the Bill & Melinda Gates Foundation called Affinivax claims it’s created a vaccine to protect against all 90 strains of pneumococcal bacteria. Now comes the hard part: scaling up, proving it in clinical trials, and making a successful business out of it.
Even as dengue cases rise, government approval for a mobile app that could prevent the disease from spreading by speeding up monitoring and intervention is hanging fire.
The Skoll Foundation just kicked off its second annual Social Entrepreneurs Challenge. Open to its 87 awardees, 68 are participating. The competition is taking the form of a crowd-funding campaign, using the services of CrowdRise, which has a fundraising platform for nonprofits.
Schneider Electric South Africa has set itself a target to create access to energy for 20 000 Africans by the end of this year. An ambitious goal, but the energy efficiency giant believes this is achievable due to its solid sustainable development strategy, products and solutions.