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.
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.
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.
Justine Greening has signed a joint letter of intent with Unilever CEO Paul Polman, committing to a new partnership.
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.
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.
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.
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.
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.
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.
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.
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.
“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.
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.
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.
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.
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 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."
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
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 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.
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.
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.
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.
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.
It's like the opposite of "Not Invented Here" Syndrome.
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.
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.
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.
Hundreds of residents have thronged meetings and training sessions organized for prospective sales agents for the country's first super mobile money network.
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.
BlackBerry today announced it has acquired Movirtu, a UK startup that allows multiple numbers to be active on a single device.
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.
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.
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.
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.
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.
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.
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.
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%.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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
ignifi, 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.
WHO officials warn that the epidemic is accelerating rapidly
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.
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.
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.
Despite being in place for more than 20 years, microfinance has yet to achieve its full potential, some experts suggest.
Researchers find that the amount of harmful pollution from such fires may be underestimated by as much as 40 percent.
New investors in India’s most active Micro VC impact fund demonstrate that commercial and philanthropic investors are drawn to impact investing
BANGALORE: Seed-stage impact investor Unitus Seed Fund has raised $7 million in fresh funding from a clutch of institutional and individual investors taking the total fund size to $20 million.
The right to good healthcare must be addressed using modern technology, innovative approaches and by involving tribals in developing solutions for their problems
When AIDS first struck, patients simply died as there were no drugs to treat it. Now, drugs bring down the spread of virus but still a large section of rural India is left untreated. The reasons: High costs of treatment and travelling.
WE LIVE in interesting times when so much is happening in terms of development. However, there are curious contradictions that undermine our journey to the Promised Land; development.
Socio-Economic Implications of Inadequate Human Resources for Health, and Poor Health Financing
The industry that provides financial services for people on low-incomes and without access to traditional banking services is morally reprehensible according to new research from The University of Manchester.
Plans to extend the reach of traditional banks seem so old-fashioned. Wouldn’t mobile money be quicker and cheaper?
September 2, 2014: San Francisco. Today at SOCAP 14, Unitus Seed Fund launched its India Impact Acceleration Program to help improve and accelerate the early-stage impact startup ecosystem across India in three ways: by increasing connections facilitated through “startup scouts” operating across India, working with leading incubators to help create more “venture capital-ready” startups that target low-income populations, and offering financial assistance to startups that make use of our existing Venture Advisor and Catapult Partner networks.
Innovative $7.6 million e-learning program will train 6,000 young people to become nurses and midwives and expand capacity of nursing schools in Zambia.
The Ebola epidemic in West Africa could infect over 20,000 people and spread to more countries, the U.N. health agency said on Thursday, warning that an international effort costing almost half a billion dollars is needed to overcome the outbreak.
Prime Minister Narendra Modi on Thursday launched Jan Dhan Yojana, a mega financial inclusion plan under which bank accounts and RuPay debit cards with inbuilt insurance cover of Rs 1 lakh will be provided to crores of persons with no access to formal banking facilities.
GlaxoSmithKline (GSK) has announced that it will freeze the prices of its vaccines for five years for developing countries that graduate from GAVI Alliance support. By committing to offer GAVI Alliance prices for vaccines against pneumonia, diarrhoea and cervical cancer, GSK will support developing country governments as they transition to financing the full cost of their local vaccination programmes.
The U.S.-India Business Council (USIBC) has concluded its Pharmaceutical Executive Mission to Delhi, India. The delegation expressed its commitment to the Indian market, called for further dialogue with the government on issues related to pricing and intellectual property, and discussed strategies for expanding greater access to healthcare and health insurance in India.
Safaricom has received critical support in its bid to stop Equity Bank from using embedded SIM cards for the mobile banking and money transfer service the lender plans to introduce in the Kenyan market.
Introducing Michael Sacco, the founder of ChocoSol, a learning community/social enterprise that focuses on making the ‘food of the gods’ – commonly known as cacao – into fresh, whole food, stone ground chocolate on an artisanal scale.
Today, MasterCard is launching a ground-breaking program in Nigeria with the cooperation of the Nigerian government. This program uniquely combines a national ID card with electronic payments. Daniel Monehin, MasterCard’s Division President for Sub-Saharan Africa, sat down with MPD CEO Karen Webster to discuss why today is a such significant day in payments for Nigeria and why this program has the potential to be the financial inclusion game changer everywhere in the world.
How single-use injectable contraceptives could change family planning in Africa.
South Korean biopharmaceutical company commits to manufacture a new and improved presentation of the vaccine at a target price of $1.00 per dose for public sector buyers.
Beyond island nations like the Maldives that are quickly getting submerged, no country is more threatened by climate change than Bangladesh. Sitting at the bottom of three huge rivers, much of its surface area is either covered with water, or barely above sea level. Many of its 154 million inhabitants are poor (about a quarter earn less than $2 a day) and Bangladeshis often live in structures unsuited to severe weather. Bangladesh, in short, is a climate disaster in the making. By 2030, rising water could make 20% of the country uninhabitable, forecasts show.
Merrill Lynch Wealth Management advisers sold $12 million in green bonds issued by the World Bank last week, surpassing what the investment bank expected based on similar issuances a few years ago.
The nonprofit says it has figured out a way of getting a 90% repayment rate on business loans to the types of people no financial institution would trust–young people in poor African countries without as much as a permanent address.
Microfinance institutions (MFIs), which evolved as precursors of the rural thrift credit market in India, are now shifting to urban areas, with big slums in cities turning out to be cost-effective markets over small villages in far-flung locations.
Sector experts say there is an urgent need to address challenges facing MFIs, especially by empowering the sector to enhance its capacity and performance.
What does a social business do when they don’t have a rich uncle to help them go from microenterprise to a small- or medium-sized enterprises? The answer may be crowdfunding.
Two operators in Tanzania launched a service so that subscribers to their rival mobile money services can send and receive cash with one another. Airtel and Tigo claim it is the world’s first cross-network mobile money transfer service.
MUMBAI: Mobile companies have been persuaded by the Narendra Modi government to share a slice of their infrastructure to pave the way for basic banking services through cellphones.
According to the U.S. Department of Commerce, 80 percent of the world’s medical equipment is designed for only 10 percent of the population. After all, what’s the point of having the latest cutting-edge device if you live in the developing world without a steady source of electricity? However, Grand Rapids, MI-based med tech startup Sisu Global Health is on a mission to help change that statistic.
Twenty years ago in Nepal, the first modern example of social franchising for health – the application of commercial franchising strategies to achieve public health goals – began expanding access to quality health services. This year, PSI and Marie Stopes International, two organizations that have long-employed social franchising to improve health outcomes, came together to create an online course on social franchising, with support from the U.S. Agency for International Development (USAID).
Auto component major Bosch on Monday announced the launch of a locally developed eyecare solution in India. The company’s new eyescreening and detection system offers a combination of hardware and software and provides affordable eyecare.
The Pharmaceutical Society of Ghana (PSGH) has partnered with mPedigree Network and PopOut to launch the PREVENT initiative, which looks to employ technology to crack down on fake and counterfeit medicines.
Indian Prime Minister Narendra Modi on Monday asked banks to make the opening of bank accounts in 70 million households this year a national priority.
For the first time ever, African Leadership Academy and The MasterCard Foundation are delighted to have Anzisha Prize finalists from Togo and Ivory Coast (http://www.anzishaprize.org), revealing strong growth in entrepreneurship activity amongst youth in West Africa. Five young women are among the 12 finalists in the running for the $75,000 prize money that will be awarded on 23 September 2014, and will fly to Johannesburg from DRC, Kenya, Ghana, South Africa and Nigeria.
As credit plays vital role in start-up and expansion of businesses, microfinance has been treated as an important tool for economic development.
Her husband hasn’t spoken to her in three months, but Neetu hopes he will come around. After all, she says, working with Lunchbox 17, a tiffin delivery service in South Delhi, has completely changed her attitude. The social enterprise was launched in May by youth-run NGO Swechha and employs women from Jagdamba Camp, a slum near the organisation’s Khirki Extension offices. The initiative aims to provide employment, and eventually empowerment, to the women, and clean and tasty food to young professionals and students in the area.
It is possible to redirect your money’s social and environmental ties, even if a lack of understanding too often obscures that fact.
Q: I understand that Integrated Medics helps improve health care delivery. Specifically, how do you achieve this? A; We achieve this through automation of all the process in the hospital: from record office to front desk, from consulting to admission; from store to pharmacy and from NHIS desk to payment desk. Basically, by fast-tracking the healthcare delivery system.
As the autorickshaws begin lining up inside the compound at 7 a.m., Vijaylakmi Sahu knows she has just 30 minutes to finish her work. Over the next half hour, Sahu works with clockwork precision. She ensures that the temperatures of the vaccines for pregnant women and children are checked before they are packed under her supervision in cold boxes. After that, three to five autorickshaws, known as the Immunization Express, head off to the villages where mothers, children and pregnant women await them.
On Aug. 22, the World Health Organization announced a draft strategy to combat the West African Ebola outbreak over the next six to nine months. That’s a sign that the global health body isn’t optimistic about a rapid end to an epidemic that has killed around 1,300 people so far. An extended outbreak of such a feared disease would have mounting economic costs.
We believe the biggest boost to financial inclusion will come from a push to higher employment in the formal sector, especially regular, salaried employment.
Its vast holdings in the fossil fuel and arms industries subvert the foundation’s battle against disease and poverty, says Charles Piller.
About half of the Microfinance Institutions Network’s 49 members could follow in the footsteps of Kolkata-based Bandhan and convert themselves into banks in the next couple of years, according to a top official.
It's not just the fact that TOMS received an investment from Mitt Romney's Bain Capital that was so important - it's the fact that Bain's investment now values TOMS, a social enterprise, at $625 million dollars.
Toms is a well known socially responsible business, a shoe manufacturer that donates a pair of shoes to a needy child for every pair it sells. This business model has attracted an unusual investor: Bain Capital.