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.
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.
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.
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.
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.
The National Informatics Centre cooperative core banking solutions aims to address some of the concerns of financial inclusion in rural areas.
To combat Ebola and other infectious diseases, the US could impose $3 tax on international air travel.
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.
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.
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?
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
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
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.
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
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.
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.
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.
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.
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.
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.
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.
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.
Justine Greening has signed a joint letter of intent with Unilever CEO Paul Polman, committing to a new partnership.
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.
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.
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.
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.
This commitment builds on the efforts of the Financial Solutions LabSM, a separate five-year, $30 million program developed earlier this year by JPMorgan Chase and the Center for Financial Services Innovation (CFSI), to identify, test and scale innovative financial products and services to improve financial security.
Over 50% of the global population will have Internet access within three years’ time, with mobile broadband over smartphones and tablets now the fastest growing technology in human history, according to the 2014 edition of the State of Broadband report.
Tengri, a new high-end fashion label using yak’s wool, has released its first range of ethical woollens. The brand aims to shake the dominance of cashmere clothing with its alternative soft fabric. Founded by Nancy Johnston, a former charity worker, in March this year, Tengri seeks to highlight the plight of Mongolian yak herders, many of whom can no longer make a living from their traditional, nomadic lifestyle.
Nairobi; Kenya: The dispute pitting Safaricom against Equity Bank over the latter’s plans to offer mobile money transfer services is unnecessary and should not be allowed to drag on.
NEW DELHI: The Bill & Melinda Gates Foundation has offered to help in monitoring of the progress made with regard to Pradhan Mantri Jan-Dhan Yojana, the flagship financial inclusion scheme of India's government.
Indonesia's Financial Services Authority plans to set a cap on microcredit rates this year, a move that would put domestic lenders on alert as micro-lending has been seen as the most profitable credit segment.
The Security Council, in its first emergency meeting on a public health crisis, declared the Ebola outbreak in West Africa a threat to peace and security and announced that the United Nations will deploy a new emergency health mission.
There's a shortage of doctors, nurses and midwives worldwide, so there's a need to make the most of those currently in the field. Here are several ways to do that.
A wireless sensor that sends text message alerts to healthcare workers could help better protect temperature-sensitive vaccines and provide crucial data on storage, transport and distribution infrastructures in developing nations, according to its inventors.
Many American consumers are beyond excited by the prospect of Apple Pay, but overseas the iPhone's latest feature is old news.
Assuming countries across the world can muster the political will to actually make bold, sustained commitments to ending poverty, providing decent jobs, providing universal health coverage, and reducing greenhouse gas emissions, there is still the question of how to pay for it.
“How small can I stay, while still driving big, transformative impact?” It’s an exciting question some social entrepreneurs are now asking themselves as they consider how to turn a good idea into a scalable solution.
MasterCard and BANSEFI, the social bank of Mexico, announced a partnership to foster financial inclusion in Mexico through the disbursement of social benefits using electronic payments.
Blood from Ebola survivors is rich with antibodies against the deadly virus, and since there is currently no approved drug to fight it, some have become desperate enough to take fate into their own hands and turn to the black market for an experimental serum made with survivors' blood.
In sub-Saharan Africa, there are three important ways disruptive innovations can democratize health systems: improving health record-keeping, widening drug access and building patient trust.
In commemoration of the 100th anniversary of the birth of Thomas J. Bata, the Thomas J. Bata Legacy Award will support responsible entrepreneurship in emerging markets
An International Monetary Fund (IMF) survey revealed that among African countries reporting data on commercial bank depositors, depositors per 1,000 adults experienced a fivefold increase from 2004 to 2013, while simultaneously achieving a 40-percent growth in real GDP per capita.
The World Health Organization is pleading for a global investment of nearly $1 billion to fight the spread of Ebola, warning that the amount is merely the minimum needed to keep infections of the deadly virus "within the tens of thousands."
Citi priced a $500 million four-year Education, Youth and Employment (EYE) bond on behalf of The Inter-American Development Bank (IDB or IADB) on Tuesday – a first-of-its-kind investment vehicle, created with the support of Citi Microfinance.
The stage is set for deployment of Safaricom’s long-awaited new M-Pesa system, raising stakes in the ongoing battle between the mobile phone service provider and a slew of new entrants in the mobile money transfer business, led by Equity Bank.
The government's efforts geared at ensuring that all Rwandans access financial services have been boosted by Airtel Rwanda, which has scrapped charges on Airtel Money service transactions.
Wireless operator Orange has integrated its mobile Money platform with the Bank of Africa, enabling users to perform basic banking transactions with their handsets.
As the Ebola crisis continues to take a toll on people’s lives and livelihoods in West Africa, the focus is increasingly not just on the health aspects of the crisis, but also on its social and economic consequences.
India’s newly elected Prime Minister Narendra Modi just launched his first official tour of the United States.
The Global Health Innovative Technology Fund (GHIT Fund), a new public health partnership that is bringing Japanese know-how and investment to the global fight against infectious diseases, today announced seven grant investments totaling US$15.3 million to speed the development of promising drugs and vaccines to battle three insect-borne diseases—malaria, dengue and Chagas disease.
A campaign to persuade people in Rwanda to buy a new improved type of cooking stove - which uses less fuel and is less smoky - hasn't succeeded, according to the stoves' manufacturers.
As many as 36 children were reported to have died excruciating deaths last night after receiving tainted measles vaccines under a UN-sponsored programme in the rebel-held north of Syria.
Malaysia will send more than 20 million medical rubber gloves to five African nations battling the deadly Ebola virus, addressing a crucial shortage faced by overwhelmed health workers, the country's Prime Minister Najib Razak announced on Monday.
Every year, more than one million people around the world die from tuberculosis, a disease that has been treatable and preventable for decades.
Hugo Cuevas-Mohr shares insights gleaned from his work with money transfer professionals from all over the world about the remittance market, the role of traditional players, banks and telcos and who has the edge as this $500 billion industry evolves.
September 15, 2014, will be remembered for the release of a seminal report on impact investing, care of an international taskforce backed by eight country advisory boards and four topical working groups.
To fully understand the effect that mobile payment technology is having on our world, let’s take a look at a day in the life of individuals who are oceans apart but have one thing in common: No bank account.
Millennials are expected to be the core beneficiaries of a coming $30 trillion transfer of wealth between generations, according to Accenture’s report on the “Greater Wealth Transfer.” This will impact philanthropy, investments, and possibly even global financial markets.
Instead of raising their holdings in companies such as HDFC Bank and IDFC, the infrastructure lender which is turning into a bank, investors are chasing India's profitable microfinance institutions.
It's like the opposite of "Not Invented Here" Syndrome.
Two of the most established and respected social impact organisations are joining forces to create the largest international social value network in the world.
National governments and health organizations around the world are scrambling to overcome lapses in leadership and logistical issues to turn around a worsening Ebola crisis in West Africa. According to one aid expert, relief efforts are roughly four months behind schedule.
Shopping for cigarettes in Uruguay isn't a pleasant experience. Photos of decaying teeth, premature babies and gruesome hospital scenes wrap around every pack. In fact, the country requires manufacturers to cover at least 80 percent of the packaging with medical warnings and graphic images.
To help keep finance flowing to projects that combat climate change, the World Bank and partners are developing an innovative pilot program that allows project developers and financiers to compete in an online auction to deliver the largest number of emissions reductions at the lowest cost.
Erratic weather, rising temperatures, declining water resources and labour shortages are threatening India's bread basket state of Haryana, forcing farmers to abandon age-old practices and adopt technology to ensure food supplies for millions.
M-money services take-up has taken time, but as it passes the “critical mass” moment, two things begin to happen, writes Russel Southwood.
Reserve Bank of India (RBI) governor Raghuram Rajan’s warning to sarakari banks, on a hunt to win maximum number of bank accounts in minimum days to make Narendra Modi government’s flagship financial inclusion scheme Jan Dhan Yojana a success, reflects the regulator’s concern on the way government using state-run banks to push its populist agenda overlooking prudential norms.
“Greater financial inclusion is correlated with higher living standards, better health outcomes, higher education levels, and an overall improvement in well-being,” explained Ann Miles, Director of Financial Inclusion at The MasterCard Foundation.
Though there has been a lot of talk and media coverage about the tremendous potential mobile payments offer to the poor, underbanked and financially disenfranchised around the world–minus a few bright spots (M-Pesa) the progress of mobile in bridging the gap between the banked and unbanked has been slow going.
Johnson & Johnson today announced its affiliate Janssen Pharmaceutica NV (Janssen) has entered into a novel collaboration with Harvard Medical School to address critical gaps in the global struggle against tuberculosis (TB).
After achieving global success with a salt-reduction product, a Nottingham company is working on new ingredients which could improve health.
South Africa’s standard paper-based health system is inefficient and ineffective. Through Mobenzi, workers can organise patient data centrally and swiftly. It allows illness identification and treatment, referrals, and patient interaction.
Hundreds of residents have thronged meetings and training sessions organized for prospective sales agents for the country's first super mobile money network.
A G8 task force on impact investing published a report on September 15th, with its recommendations on how to push forward the market.
Morgan Stanley (MS), which has set a goal of attracting $10 billion of client assets to sustainable investing products over the next few years, is adding two such portfolios for its wealth-management customers.
With his nifty PowerPoint slides and carefully crafted pitch, Yashraj Khaitan might be mistaken for any other fast-talking, code-savvy Bay Area millennial boasting that he has hit on the idea to solve a vexing world problem. Yet, in Khaitan's case, some very influential people in Washington think he may be right. The federal government agency charged with easing world hunger and poverty has bet a million dollars on Khaitan's tiny start-up. It is among a handful of companies that the US Agency for International Development is looking to as it seeks to upend the way aid agencies go about trying to improve living conditions in some of the world's most deeply impoverished places.
Equity Bank will have to wait a little longer before rolling out its Mobile Virtual Network Operator services in Kenya.
At the TEDMED conference in Washington, DC, Dr. Marie-Paule Kieny, assistant director general of the World Health Organization (WHO), revealed that the organization will announce its third-ever global health initiative and policy in October. The initiative this time is around needle safety
Financial arguments may finally be leading Big Pharma to increase its minuscule investment in research and development of new drugs for tropical diseases.
The Indian government's financial inclusion drive to expand banking services in the country is giving a boost to home-grown card payment network RuPay.
BlackBerry today announced it has acquired Movirtu, a UK startup that allows multiple numbers to be active on a single device.
Mobile Money transactions are gradually taking off in Nigeria after a very slow start due to inability to fully comprehend the scheme, lack of technology by those licensed to operate it and low level of the awareness by the public.
Millicom claimed a world first after launching a mobile money service in Tanzania which offers users the opportunity to automatically earn a return on their balance direct to their wallet without the need for a separate registration.
Aindra Systems, an early-stage startup, has secured backing by Villgro, the Social Enterprise Incubator focused on funding startups having a social impact.
The Collaborative Fund believes that B Corp social good certification is a signal that startups are making decisions that are better in the long term.
After our panel last week at the Social Capital Markets (SOCAP) conference in San Francisco, a colleague tweeted a photoshopped image of me and Antony Bugg-Levine, CEO of Nonprofit Finance Fund, as Batman and Robin, respectively.
AFI announced today that Malaysia, represented by Bank Negara Malaysia (BNM), will be the new host country for the Alliance for Financial Inclusion.
Merck, a German-based pharmaceutical company, has added to a growing amount of mobile-health (m-health) programmes across Africa, channelling efforts to boost SMS-based support systems to help diabetic patients manage their condition.
Running a massive school meals program that feeds malnourished kids, Manoj Kumar is on a mission to show how entrepreneurs can make real inroads in tackling India's age-old social problems.
The Bill and Melinda Gates Foundation says it is committing $50 million to help combat the growing Ebola outbreak in West Africa.
In a world of limited healthcare resources, we need to make hard decisions that will deliver high-impact outcomes for the most people at the least cost. Giving the WHO an additional half-billion dollars to curb Ebola virus infections would be a poor choice.
A billion-dollar flagship scheme to support private sector-led health care in Africa is bypassing poor people and concentrating instead on high-end urban hospitals catering mainly for the rich.
Global taxi-hailing company Uber is in talks with firms providing digital wallets and payment gateways in India as it looks to become compliant with local regulations.
The history of microfinance institutions in Indonesia dates back more than 100 years.
Many villagers are not aware of how easily cataract can be treated or cured," said Suraj Shrestha, CEO at Anthropose, a Nepal-based enterprise. "The thing that appalls me the most is how people superstitiously believe that cataract is a curse from God. This needs to change," the entrepreneur told Xinhua on Sunday.
Prime Minister Narendra Modi’s Swach Bharat scheme aims to eliminate open defecation by constructing toilets in every household by 2019. No one doubts the need for the programme. Close to 48% of India’s urban population has no access to toilets. In rural areas, the number stands at 60%.
Coca-Cola Co. is introducing Coca-Cola Life -- a mid-calorie cola that was released in Argentina and Chile last year -- to the Mexican market in September. Each 12-ounce can of Coca-Cola life contains half the calories of a regular Coke, with 64 calories and 16 grams of sugar. According to the Wall Street Journal, the product has tested well (in both flavor and concept) with Mexicans.
Some African countries have agreed to lift travel bans on people arriving from Ebola-hit nations, the African Union's top official said on Monday, in a step to ease the economic pain the virus has brought to the continent.
Bandhan will start its journey with 600 branches. The microfinance company’s existing 2,016 offices will operate as sub-branches, each having an army of salaried field staff to take banking to the villages.
Interest in impact investing, which has been around for more than a decade, is growing and changing. Some $3.74 trillion, or 11 percent, of total United States assets under management were placed in sustainable investments in 2012.
Nearly a dozen wealthy families are announcing today that they have committed to invest a combined $300 million over five years in commercial ventures in the areas of climate, energy, health, food and sustainability.
Kenyan-developed modem-cum-router BRCK has shipped over 600 devices to 45 countries since it was launched with the goal of providing internet connectivity in off-grid rural areas.
Globacom is in a renewed push to scale up mobile money services in Nigeria, through the formation of a new partnership ecosystem, comprising of leading financial services companies, and a robust nationwide agent network.
(Reuters) - LeapFrog Investments, a private equity firm backed by George Soros and JP Morgan, said it has raised $400 million for socially responsible investments in Asia and Africa - the largest ever for a fund specializing in low-income emerging market financial services.
Communications Authority of Kenya ( CAK) has said it will not reverse its decision to allow Equity Bank to introduce mobile money transfer services despite protests from integrated communications service provider, Safaricom.
The 17th Microcredit Summit held in Merida, Mexico, last week discussed ways to better serve the next generation of clients and promote client-centred microfinance.
A $350 million gift pledged to Harvard University's School of Public Health is the largest single donation in the university's long history, officials said, and will help bolster research in several key areas including global pandemics.
Liter of Light works with women's cooperatives to make solar lights from simple parts, instead of sending them solar lights that don't work the way they want them.
Necessity is often said to be the driver of innovation. Nowhere is this clearer than with the mobile-phone based money transfer and microfinancing service, M-Pesa, in Kenya, wherein the need to provide financial services to the under-banked population resulted in a truly transformative fintech solution.
For mobile payments pioneer and venture capitalist Carol Realini, the financial world is divided into three camps: those who believe in bitcoin, those who don’t understand it and those have yet to consider or study its technology.
Sanofi Pasteur announced last week that it has completed the third phase of its clinical study for a vaccine candidate in Latin America aimed at eliminating dengue fever.
Governments need to create policies that help to accelerate the growth of investing for profit and social good, the head of a task force set up by the world's richest nations to boost impact investing said.
Social enterprise Incubator Villgro has invested in three startups, marking its first set of funding this fiscal year. It is targeting to invest in 25-30 more startups by the end of the fiscal year. Ujjeewan Healthcare, Aindra Systems and Scholowiz Educational Solutions, all early-stage companies, have secured funding from Villgro.
Cignifi, which has developed a platform to provide credit and marketing scores for people using mobile phone behavior data, has closed a Series B funding round led by existing investor Omidyar Network.
New developments in Africa’s technology industry show how technology is disrupting the way business is being done on the continent.
The burden of providing valid means of identification that has alienated some segments of the society from deriving benefits and value from the nation’s financial system and other initiatives will become history with the National Electronic Identity Card, reports Festus Akanbi
Kenya’s biggest mobile network operator, Safaricom, and biggest bank in terms of customer base and reach, Equity Bank, appeared before a House committee on their push and pull over Equity’s bid to offer mobile money services.
The Indian government recently launched a massive financial inclusion program with a view to improve access to formal finance. In this context, it is crucial to understand not only the importance of universal access to formal finance, but also the effective ways of achieving the same.
Canada's experimental Ebola vaccine was stuck in the government lab that developed it as officials puzzled over how to safely transport it, three weeks after it was offered to Africa to fight the deadly epidemic.
Zimbabwe's Insurance and Pensions Commission (Ipec) has called on players in the insurance sector to be innovative to come up with new products that are suitable for the lower end of the market and grow income in the face of tight liquidity.
eTranzact has announced the investment of $350,000 in a mobile money activation project in collaboration with EFInA, a financial sector development organisation. The company told our correspondent on Tuesday that the project was in line with the Central Bank of Nigeria’s cashless policy and would be piloted in North and South-West regions of the country.
Another Big Pharma player is joining the hustle toward an Ebola vaccine as the death toll surpasses 1,900 victims, eclipsing the total number of people who died from the disease in all previous outbreaks combined.
What needs to happen to reverse the brain drain and secure funding across the continent? Our panel suggest where to start
Foreign donors need to reconsider how their money is being used, as profits are taking precedence over sustainability
WHO officials warn that the epidemic is accelerating rapidly
If you or a loved one has undergone medical treatment recently, you’re probably aware of some of the cool new devices that help perform diagnosis and treatment. You may not be aware, however, that some of these devices are connected to the Internet and have become an important part of the Internet of Things (IoT) ecosystem.
Sandeep Jauhar argued a few months ago in a New York Times’ op-ed that “Nurses Are Not Doctors” and shouldn’t be given the same responsibilities to care for patients.
Cignifi, which is helping to meet the needs of more than 1 billion people worldwide who have mobile phones but no access to formal financial services, today announced the closing of a Series B funding round. The capital raise was led by existing investor Omidyar Network, a Redwood City, CA-based philanthropic investment firm, established by eBay founder Pierre Omidyar and his wife Pam, with additional investments from American Express Ventures and other existing investors. Cignifi is based in Cambridge, MA with offices in Sao Paulo, Mexico City and Accra, Ghana.
Few events remind us more of humanity’s shared health vulnerability than the outbreak of an untreatable, highly lethal disease that is resisting efforts to contain it, spreading from community to community, and across borders from country to country – like the current Ebola outbreak in West Africa.
A new report by the World Bank Development Research Group found that incorporating digital payment systems into the economies of emerging and developing countries helps to spur economic growth and individual financial well-being.
As enthusiasm for mobile-phone-based payments grows in Africa, operators are rushing to get a piece of potentially lucrative and ever-expanding markets and to challenge more popular and established mobile-payment services, such as Kenya’s M-Pesa.
A handheld device that performs a range of chemical tests and transmits the results for remote analysis through a standard mobile phone call could be commercially available within 12 months.
French drugmaker Sanofi, developing the first vaccine against dengue fever, said its product reduced disease cases by 60.8 percent in a large final clinical trial. Sanofi has invested more than 1.3 billion euros ($1.7 billion) in the project, undertaking two decades of research on the world's fastest-growing tropical disease.
Leading international health officials said Tuesday that the Ebola epidemic in West Africa is accelerating and the window for getting it under control is closing.
Wednesday at the Stockholm International Water Institute's annual World Water Week, PepsiCo announced the company's latest Water Report and unveiled Hydro-BID, a ground-breaking data management and modeling tool developed in partnership with the Inter-American Development Bank (IDB) that estimates the availability of freshwater in water-scarce regions throughout Latin America and the Caribbean.