The collapse of health services in three west African countries devastated by Ebola may have caused some 11,000 additional deaths from malaria, a preventable and curable disease, researchers said Friday.
When she left New York five years ago, a former Wall Street investment banker had a plan for a new business in India. Today, that plan has become a growing company tackling financial inclusion in a way few have considered to date, in India’s evolving, highly unique, growth environment.
Members of Parliament grilled Information, Communication Technology (ICT) state minister, Nyombi Thembo over lack of a law to regulate mobile money services and safeguard clients’ money.
A global campaign is calling on GlaxoSmithKline (GSK) and Pfizer to slash the price of the pneumonia vaccine in developing countries to $5 or less per child.
Earlier this year, we featured the GoSun Stove, a compact fuel-free cooker powered by nothing more than the sun’s rays. Now, the forward-thinking company is trying to launch their GoSun Grill—a larger and perhaps improved version of the cooker since it feeds many more people.
A cup of cloves, a half-liter of alcohol and a dollop of body oil: You won't find this homemade mosquito repellent in Brazilian drugstores, but the recipe went viral after a worried sanitarian posted a cell phone video on Facebook last week.
A lack of rain in the middle of last season caused Seydou Diarassouba's sorghum crop to fail.
The decade or two after WW2 saw many of the world’s poorest countries gain their independence from Colonial rule, and they were hoping to rapidly become less poor. Economics taught policy makers in those countries that a higher investment rate is crucial to assuring faster economic growth. Being a poor country makes it harder to finance the required investments from domestic savings. Yet rich countries should have ample savings available that might be profitably diverted to this task. In an ideal world, global capital markets could be expected to bridge the gap. But 70 years ago those markets were thin and/or not trusted as a source of finance.
The world's first malaria vaccine, made by GlaxoSmithKline, could be approved by international regulators for use in Africa from October after final trial data showed it offered partial protection for up to four years.
The one public bathroom in Ponkrum collapsed a few years ago. An effort to build a new one yielded a large pit that is used for trash, not defecation. For the people living in the small village near the Ghanian coast, there is no other option than going out in the open.
In the eight years since we commemorated the first World Malaria Day, millions of women and children have continued to die from a disease that is both preventable and treatable. Malaria takes the lives of more than 1,200 children under the age of 5 every day – the staggering equivalent of 50 children every hour.
The Ebola outbreak in West Africa highlighted not only the weakness of health systems, but also the lack of dialogue between global health professionals, risk analysts and private sector actors, according to World Bank Group President Jim Yong Kim.
At a time when foreign-funded NGOs are under the government's scanner, Melinda Gates, Padma Bhushan awardee and co-founder of the Bill and Melinda Gates Foundation, says NGO activism is needed for society to thrive. She was speaking to Sagarika Ghose of The Times of India.
Micro entrepreneurship, artisanship and agriculture are the three promising areas where huge number of jobs can be created, according to Ravi Venkatesan, former Chairman of Microsoft India and presently Chairman of Senior Venture Partners (SVP) India, a network of philanthropists.
Long before LinkedIn went public or before a plethora of on-demand startups began washing the Bay Area and other U.S. cities with services at the click of a button, there was this startup from an MIT grad called Assured Labor.
Germany's Environment Minister wants the G7 to look at insurance policies as an alternative to traditional development aid.
Less than 2 percent of all philanthropic dollars go to fighting the existential threat of climate change, and much of it comes from just a handful of funders. Where is all the money?
I’m done. I’ve spent 10 years working in the charity sector and my conclusion is that the organisations that finance it are so bad at their jobs, that they make the rest of us bad at ours.
Recent statistics released by the World Bank highlight not only the strides made by India on the financial inclusion front, but also the challenges ahead.
Somalia's Premier Bank has struck a deal with Mastercard and will issue debit cards and install ATM machines in the capital of the war-ravaged country, the Islamic lender's top executive said on Wednesday.
Mobile money platforms may have taken root in Sub Saharan Africa but they are not the only innovation disrupting the financial services sector in the region, with new technology-based finance platforms also seeing rising uptake, experts say.
The Catholic Church administers 25 percent of all AIDS treatment worldwide, especially in hard-to-reach rural areas. But it's facing new obstacles as funding declines and African governments are under pressure to provide services themselves.
To many of us, diarrhea may seem like an acute condition or minor annoyance. But for children in the world’s poorest places, the repeated bouts of diarrhea they endure can have lasting consequences.
Progress towards global vaccination targets for 2015 is far off-track with 1 in 5 children still missing out on routine life-saving immunizations that could avert 1.5 million deaths each year from preventable diseases.
China’s tech giants are working hard to make sure that consumers use their phones to pay for things. Today Alipay Wallet, the Alibaba-affiliated mobile wallet, announced it now enables Chinese users to fulfill municipal fees in 12 cities.
Indonesian President Joko Widodo called on Wednesday for a new global financial order that is open to emerging economic powers and leaves the "obsolete ideas" of Bretton Woods institutions in the past.
Recent social and environmental developments in Nigeria have underscored the need for Nigerian insurers not only to consolidate on local risks they are familiar with but to pay more attention to emerging risks.
Even impact investors must demonstrate replicable, attractive returns.
Females have historically made up less than 15% of the angel investors in the United States. Having more women on the funding side matters.
Nepal recently announced an ambitious commitment to modernize its economy through digital payments, which include joining the Better Than Cash Alliance to foster inclusive growth and transparency.
The Ebola crisis was a tragic awakening for people around the world about the crucial importance of strong health systems. The numbers are staggering. As a result of the virus — and the weak systems that were unable to contain it — more than 10,000 people have died in West Africa. The social impact of such a large-scale health crisis is incalculable, and the devastating economic fallout in the region will be felt for some time.
Ask most people what the state of mobile payments is today, and they’ll tell you it’s just kicking off. With Facebook announcing the option to send money to friends via Messenger and the release of Apple Pay last year, 2015 has excitedly been dubbed “The Year of Mobile Payments.” Yet what most people don’t realise is that these services are already lagging 10 years behind.
When Sumarni, a 39-year-old woman in a rural village in Indonesia, first cradled a smartphone in her hand about two years ago, her reaction was “bingung,” the word for “confused” in Indonesian. As she looked at the Android phone’s sleek, black surface, she asked herself: “Where are the buttons?”
In a move focused at deepening financial inclusion in East Africa, MTN and Vodafone have agreed to intersect their mobile money services.
Fake and substandard drugs are responsible for tens of thousands of deaths around the globe each year, and the persistent lack of reliable medicines in poor countries threatens to roll back decades of efforts to combat malaria, tuberculosis, HIV/AIDS and other conditions, researchers said Monday.
Google (GOOGL) is making a big change to its mobile payment service, Google Wallet, Yahoo Finance has learned. Funds that are left in Google Wallet will now be FDIC-insured, which means Google users’ money is now a whole lot safer — and they probably never even knew it.
ICICI Bank today announced launch of new innovative NFC (Near Field Communication) based contactless payment system in partnership with Tech Mahindra. Called “Tap n Pay”, it allows users to make over-the-counter payments without using any cash or card. The users have to just tap the NFC enabled tag or mobile phone at the merchant’s point-of-sale device to make payments.
Growing up, Phil Ferranto never thought about how people cooked around the world. He took it for granted, like many of us do, thinking most people had access to some type of stove to feed their families.
Last weekend the World Bank issued a report on the dramatic rise in global access to financial services. From 2011 to 2014 alone, 700 million people worldwide opened a bank account or joined a mobile money service.
International Finance Corporation (IFC), a member of the World Bank Group, and MasterCard have signed an agreement to establish a risk-sharing facility, which is expected to provide millions of people in emerging markets access to electronic payments, a crucial next step in their ongoing collaboration to increase universal financial access by 2020.
Solar power is going intergalactic. In an announcement late last month, SolarCity SCTY +1.77%, the country’s largest installer of rooftop solar arrays, announced that private space company SpaceX had scooped up $90 million of its corporate bonds.
China is a great market for Apple (NASDAQ: AAPL ) . In fiscal Q1 2015, the company reported $16.1 billion in revenue from the greater China region (which includes Hong Kong and Taiwan), up 70% year over year.
The rapid development of Internet access throughout Africa has not been accompanied by an equivalent increase in awareness of security issues, opening up the possibility of a rise in cyberattacks.
The Global Fund partnership has launched a consultation as part of a process to engage a wide range of stakeholders in developing its 2017-2021 strategy.
MOBILE money remittances in sub-Saharan Africa are projected to reach $33 billion in 2015 as the services are growing above 6% in more than three countries with increasing mobile connectivity, WorldRemit has said.
What if you had a map that told you what sickened, killed or affected the health of every person across the world? And how would you make it?
MTN Rwanda has partnered with 21 schools from across the country to enable parents pay school fees using the telecom's mobile money platform.
Much has been made about the mobile “revolution” in the developing world, the way that smartphones have enabled the citizens of so many poorer countries to leapfrog into the 21st century without having to bother with all the awkward technological steps in between.
The Centers for Disease Control and Prevention revised its guidelines on Ebola transmission on Sunday night, urging survivors to abstain from all forms of sex or use condoms every time “until more information becomes available,” rather than three months as previously recommended.
It is always interesting to learn about the Bitcoin community with a good ‘ole survey every few months, and this Spring is no different. Bitcoin in Ireland is producing this global survey and intends to get feedback from over one thousand Bitcoin owners over the next couple of months. We have the preliminary results of a sample of about one hundred and fifty respondents so far.
Basic surgeries such as delivering babies via caesarean section are some of the most cost-effective health measures in developing countries, potentially averting 1.5 million deaths each year.
Visa’s CEO Charles Scharf has got a plan to connect half a billion additional consumers to the financial mainstream in the next five years.
Facebook’s ‘free web’ Internet.org program has expanded into Indonesia, a country with a 250 million population, marking its second largest launch in Asia to date.
The microfinance sector, which is seen as a vehicle of financial inclusion, has seen a boom over the past year as government has laid more emphasis on financial inclusion. The sector is expected to grow robustly in the next few years as large players consolidate their position in their market.
The number of women consuming tobacco products has doubled over 15 years, according to a report by the Public Health Foundation of India (PHFI).
A group of Internet companies have withdrawn support from Internet.org, the buzzy Facebook-backed service that aims to bring people in developing countries online, following a backlash in India over net neutrality.
Chennai-based microfinance company Equitas Finance is said to be planning an initial public offering (IPO) that could mean substantial returns for exiting private equity and venture capital funds. The company that's 98% owned by a dozen private equity and venture capital funds is looking at raising around Rs 1,200-1,500 crore by selling a stake of up to 25%, said three people involved with the plan.
Today, MasterCard and the Alliance for Financial Inclusion (AFI) signed a strategic partnership agreement that will enable a close collaboration within AFI’s Public-Private Dialogue Platform (PPD).
Nigeria’s economy will more than double in the next 15 years, according to projections from the United States Department of Agriculture. Today, with an annual GDP of around $500 billion, Africa’s largest economy is 27th in the world. By 2030 it is expected to climb up to 19th place just ahead of the Netherlands.
When 26-year-old Laxmi married into the Archaya household in Chhaimale village, Pharping, south of Nepal’s capital Kathmandu, she didn’t think she would be spending half the day in the kitchen inhaling smoke from the stove.
Extreme poverty is one of humanity's grave injustices. Across the world, more than 1 billion people live on less than $1.50 a day for all their needs -- food, housing, medicine, water, sanitation, everything. What's more astonishing is that 748 million people around the world do not have access to clean water. And 2.5 billion people do not have access to basic sanitation -- that's one out of every three individuals on the planet. Think about that for a second.
In low-income and middle-income countries (LMICs), systematic research regarding the prevalence and personal consequences of patients who are unable to pay their medical bills has been scarce. However, news headlines frequently tell a simple story of detention—eg, “Kenyan mothers too poor to pay for treatment locked up in hospital”. Similar reports are found in Burundi, Ghana, India, Liberia, Nigeria, the Philippines, and Zimbabwe.
Global remittances will grow slowly in 2015, but accelerate again in 2016/17: global remittances are projected to reach $586 billion in 2015, at a slower growth rate of 0.4% due to economic conditions. However, remittances are expected to accelerate again to reach an estimated $636 billion in 2017.
Booming investments in real estate are leading the way among equity-crowdfunded projects, which rose to $662 million in the first quarter of 2015, a big jump from the $483 million recorded in the final quarter of 2014.
Bamboo Finance, a private equity firm specializing in investing in business models that benefit low-income communities in growth markets, today announced the first close of $31 million in its second financial inclusion focused fund with investments from Teachers Insurance and Annuity Association of America (TIAA-CREF) and AXA-IM.
Rural housewives in countries such as India and Bangladesh, where ground water has high levels of arsenic, are being encouraged to set up businesses to sell safe water to save lives in their communities and earn some income.
The Ministry of Health is well down the track to pilot the country's first social impact bond, originally mooted 18 months ago, which would pay out on measurably improved social outcomes such as reductions in alcohol and drug use or recidivism.
Flagging off “developing challenges” from the ground, global rating agency Standard and Poor’s on Thursday said a policy logjam and “red tape” have hindered investments in India.
MoneyOnMobile (MOM), India's leading mobile payment solutions provider, has announced the introduction of one of its kind instant 'Mobile Money Order' service via SMS. This is the first time inIndia that "mobile money order via SMS" has been offered. MoneyOnMobile had earlier announced the launch of its app-based domestic Mobile Money Order service for customers in January 2015.
Grand Challenges Canada, funded by the Government of Canada, and the Grand Challenges India initiative of the Department of Biotechnology, Government of India, today announced an investment of $2.5 million (CAD) in five health innovations in India. Many of these novel projects aim to improve maternal, newborn and child health (known as 'MNCH'), which is Canada's flagship development priority, and a tremendous challenge for the Government of India.
Is there such thing as a perfect condom? The type of condom that’s effective, yet comfortable? One that adds excitement instead of interrupting the heat-of-the-moment?
One of the biggest barriers to realising the national agenda of "healthcare for all" is tackling the existent complex, disorganised and expensive system of healthcare.
In what is an innovative first for the region, a company in Indonesia is now offering to recycle your trash for two free visits to the doctor. Now, how clever is that?
The recent establishment of private Internet banks has ushered the banking industry into an era where banks need no brick-and-mortar offices. Technologies like big data make this possible, yet there is disagreement over how much potential Internet finance has.
We know that globally there are sufficient funds available to provide basic health services to everyone, everywhere.
While April 15th is generally referred to as “tax day,” that’s true for less than 20 percent of filers. For most working households tax day falls in February or early March. It’s the day when they receive their refunds, not when they file.
From 2011 and 2014, 700 million people became account holders at banks, other financial institutions, or mobile money service providers, and the number of “unbanked” individuals dropped 20 percent to 2 billion adults, says a new report released today.
Last year, researchers travelled around the globe to talk about personal finance with a hundred and fifty thousand people, representing a range of socioeconomic classes, and living both in cities and in remote, rural parts of more than a hundred and forty countries.
Ethiopia’s heavily regulated financial service sector is one of the least developed on sub-Saharan Africa with over 80 million people from a population of 94 million still unbanked, despite the rapid economic growth the horn of Africa nation has experienced over the last decade.
The value of mobile money transfers rose by 80 percent to $1,4 billion in 2014 against the prior year in tandem with the now widespread use of cell phones in Zimbabwe.
A persistent gap between the portion of men and women who have bank accounts is confounding experts despite huge leaps in access to banking services and the financial system globally.
The Indian government will put its ‘heart and soul’ into supporting social entrepreneurship – the minister for science, technology and earth sciences has pledged.
When Jane Chen and Drue Kataoka met at the Forum of Young Global Leadersin 2012, they quickly formed a friendship based on their shared passion for carrying out socially impactful work. They both came from significantly different backgrounds — Chen is the co-founder of Embrace, a startup that hopes to curb high worldwide infant mortality rates by way of the low-cost Embrace infant warmer, while Kataoka is a visual artist whose often interactive work aims to bridge the perceived gap between art and technology. Flash forward three years, and the two women have launched a unique collaboration that combines Chen’s business and Kataoka’s art to raise awareness of and ultimately decrease high global infant mortality rates.
ImpactAlpha.com - Dave Chen and his team at Equilibrium Capital in Portland, Ore., don't generally pitch pension funds and other institutional investors on the firm's thesis that environmentally and socially beneficial practices can drive operational efficiencies, reduced risk and above-market, or 'alpha,' returns.
Airtel Ghana, multiple award winning company has attained another great milestone with its Convenient, Secure and Instant mobile money service.
The Fundo Soberano de Angola (FSDEA) has announced the launch of five dedicated investment funds that will target high growth industries while promoting economic and social development in Angola and the Sub-Saharan region.
The World Health Organization called on Tuesday for the release of clinical trial results for all drugs, vaccines and medical devices - whatever the result - in the latest salvo against the withholding of data.
IKEA has launched a new range of products created by women’s co-operatives in rural India.
Special packaging lets the patches go without refrigeration for 10 weeks, far longer than vaccine solution.
With a new online brokerage aimed at millennials, you can pick a theme—like "Improve Education" or "No Glass Ceiling"—and invest. The catch is you'll still be supporting big, conventional conglomerates.
MoneyOnMobile is continuing to ignite India’s mobile money scene — topping 131 million users in March, the company announced yesterday (April 14).
In 1946, a malaria outbreak across the Southern U.S. catalyzed the formation of what would eventually become the U.S. Centers for Disease Control and Prevention.
The National Identity Management Commission (NIMC) is collaborating with the Association of Non-bank Micro Finance Institutions of Nigeria (ANMFIN) to register its six million members into the national identity management system and issue them electronic identity card for effective financial inclusion.
Mobile payment processor Paytm said on Monday that it now has over 50 million wallets on its platform and is expected to touch 100 million by 2015.
Bain Capital, the $75 billion private equity firm founded by 2012 Republican presidential nominee Mitt Romney, hired former Massachusetts Governor Deval Patrick to lead a social impact fund.
TriLinc Global Impact Fund announced today that it has approved a total of $9.2 million in trade finance facilities to companies in South Africa, Kenya, and Argentina, bringing total financing commitments as of March 31, 2015 to $76.7 million for business expansion and socioeconomic development through its holdings in Africa and Latin America.
Lack of basic equipment could explain why Kenya is struggling to reduce maternal mortality rates.
Charities are often open to all sorts of donations, whether in money or in kind. Now they’re turning to a new source: donations of bitcoin.
A San Francisco-based pharmaceutical company is bringing a new contraceptive to the U.S. market. The product is Liletta, an intrauterine device (IUD), which, like any other IUD, is long-lasting and highly effective at preventing pregnancy when inserted properly.
When it comes to mobile wallets, journalists and bloggers have focused on offerings from tech companies like Apple and Google, but consumers are more likely to trust their own bank as a provider, a new ING International Survey of 10,169 mobile users shows.
The Islamic Financial Services Board (IFSB) is adding financial inclusion to the industry's to-do list, launching initiatives aimed at widening the reach of sharia-compliant banking to include poorer people.
Shawn Seipler is on a mission to save lives with soap. It began about seven years ago as a tiny operation with a few friends and family in a single-car garage in Orlando, Florida, where they used meat grinders, potato peelers and cookers to recycle used soap into fresh bars.
Insurance companies are struggling to gain a foothold in Africa, where populations tend to favour community insurance schemes called tontines. These are often informal agreements between trusted friends and family members. EurActiv France reports.
For Ronnie Screwvala this was an unusual success story. At a community centre in Khamgaon, a village 166 km south of Mumbai, he engaged a group of 25 rural women, all dressed in pink, aged between 30 and 40, in a discussion on sanitary napkins with great enthusiasm.
The units are spacious, have solar panels, and can last an average of three years.
The worlds of business and charity are increasingly merging. Social enterprises engage in activities that don’t perfectly fit in either of these worlds. Blending the two is a powerful tool: the solutions are often more effective, more innovative, and above all more sustainable.
A host of local companies are looking to disrupt the remittance market in Africa by undercutting traditional money transfer operators while also offering businesses new ways of accepting payments on a continent with low credit card penetration and an over-reliance on cash.
A group of scientists in Australia is developing a series of condoms which it claims could feel even better than wearing nothing at all.
There is a huge underserved market for medical technology—roughly two-thirds of the global population—that is largely ignored by the medtech industry. That market sits at the base of the pyramid (BoP), and it is composed primarily of populations in the emerging global markets. A report from global business consultancy PWC, "Quality healthcare for all: Starting from a strong base," considers this market to be a tremendous opportunity for companies to do good, both in business terms and for the human condition. "There may be no better place to look than the BoP healthcare market to seek new business," write PWC analysts. "Companies that do may find huge revenue potential combined with the opportunity to improve the lives of billions of people through access to better healthcare."
After the successful launch of a free pick and drop service to all hospitals, diagnostics and pathology labs in Delhi, UBER and OXXY expanded it to Mumbai on World Health Day, with the additional benefit of online. While Uber provides the free ride, OXXY allows customers to compare prices of tests/ surgeries/ treatment as well as avail of discounts at medical centres. Pankaj Gupta, Founder, OXXY reveals company’s plans to Usha Sharma.
Today, in India, banks send alerts on financial risks instantaneously, ecommerce companies use tech tools to coax users to buy, and social networking sites are creating personality profiles of its users. However, hospitals still do not have the technology to predict and alert us about critical health risks. Most of them don’t even have digital systems to capture medical data to create a health history.
The Rockefeller Brothers Fund—the $866 million-asset foundation started in 1940 by John D. Rockefeller Jr.’s five sons—announced in September that the family would divest itself of all their coal, tar-sands, and fossil-fuel investments held in the fund’s endowment. The eight Rockefeller family trustees on the board decided the fund needed “to better align its endowed assets with its mission” of combating climate change.
Institutional investors in the debt market are gradually gaining confidence about looking beyond traditional government and highly-rated corporate debt to bonds and other debt instruments issued by non-banking finance companies (NBFCs) and microfinance institutions (MFIs). NBFCs and MFIs are also helping create this new market, either by issuing debentures or pooling their debt assets.
There’s much stock market excitement about the various Chinese internet companies, Alibaba, Tencent, Xiaomi, and their move into what is essentially online banking. Will they be able to capute significant percentages of the market, just how dang big is that market anyway and which of them is going to do best? We, here at this particular part of Forbes, don’t do technology nor stock markets, but macroeconomics. And truth of the matter here is that all of those things are going to depend upon the Chinese Goivernment’s macroeconomic policy making. Specifically, how much are they going to relax the country’s current financial repression and how much are they going to allow these companies to arbitrage around it? Absolutely nothing else is going to have an effect as large as that one single decision.
Socially responsible investing in its basic form doesn’t go far enough for some people. After all, countless mutual funds already avoid shares of companies that produce addictive or dangerous products — like tobacco, alcohol or firearms.
Kenya Commercials Bank (KCB) Group on Thursday launched its Islamic Banking unit as it seeks to tap into the growing demand for Islamic financial products across the East African region.
Mudra Bank can provide some cohesion and impetus to this fragmented space, besides the right kind of regulation.
In a move that further strengthens Xpress Money's alternate channels portfolio, the money transfer company announced its partnership with MTN Ghana - a telecom giant in Ghana. Xpress Money customers remitting to Ghana will now be able to transfer money directly into the Mobile Wallets of registered MTN Mobile Money users in the country.
Aid agencies urge Kenya to allow Somali money transfer firms to resume operations, expressing concern that halting remittances will hurt struggling families and relief operations in Somalia.
Researchers have discovered that an inexpensive allergy medicine can treat hepatitis C, a serious liver disease.
Shares surge in reaction to radical restructuring for the world’s fourth-most valuable company as it returns to its industrial roots.
$10 million program to help four winning companies develop energy-efficient smart glass, cooling, battery and smart metering technologies.
The Global Impact Investing Network (GIIN), in partnership with Dalberg Global Development Advisors, today published the full release of The Landscape for Impact Investing in South Asia, a “state of the market” analysis of the impact investing industry in the region. The most comprehensive study of impact investment activity in South Asia to date, the full report includes a chapter for each of the six countries studied—Bangladesh, India, Myanmar, Nepal, Pakistan, and Sri Lanka.
Two of every three bank accounts opened under Jan Dhan Yojana have zero balance. Not a single insurance claim was settled during the last year.
The World Health Organization recently announced that it was seeking input on the three global health sector strategies — HIV and AIDS, viral hepatitis and sexually transmitted infection — it was drafting until April 30. The strategies, which will cover 2016-2021, will be finalized at the 69th World Health Assembly in 2016.
India has the third-highest number of obese and overweight people (11 % of adolescents, and 20 % of all adults) after US and China, a recent study mapping global malnutrition trends has revealed.
Ankle band that changes colour to remind parents when vaccines are due comes through trials in Pakistan.
Snapdeal, the SoftBank- and eBay-backed online commerce company in India, has completed what it called “one of the biggest acquisitions in the history of the internet industry in India” after it announced the acquisition of online transaction serviceFreeCharge.
Here's a scary picture that fits nicely into a growing populist critique of philanthropy: Wealthy donors are using the power of the purse to muffle debate about economic inequality.
Firozaben, a nurse at an upscale clinic here, opened an account at the state-owned Bank of Baroda Ltd. in December, attracted by the promise of an overdraft provision and accident- and life-insurance policies—all for no fee, courtesy of a government program to bring India’s masses into the banking system.
Two new Ebola vaccines have passed an important test, protecting monkeys against the strain of the virus responsible for the current deadly outbreak, researchers reported on Wednesday. Only one dose was needed, and there were no apparent side effects.
The M-PESA Foundation has announced that it is constructing a state of the art, mixed boarding high school that will seek to provide a first class, unique education to gifted but economically disadvantaged children from all counties of Kenya.
Millions of South Africans rely on minibus taxis daily, but South Africa's most widely used mode of public transport could also be ferrying a deadly passenger.
Banco Santander, through Santander Universities, signed today a Memorandum of Understanding with Georgetown University, to support a new initiative on the social economy. The initiative will focus on issues of social banking, social finance, and social entrepreneurship. This Memorandum was signed by Ana Botin, Executive Chairman of Banco Santander and John DeGioia, President of Georgetown University.
In the wake of the Council on Foundation’s modification of its original plan to host a “pitch competition” at its annual meeting this year, two people associated with the Case Foundation wrote a blog post on the foundation’s website to defend the notion of nonprofits “playing by market-based approaches” or rules—as though they don’t all the time because of the structure of the U.S. economy. Trying to make their point that the criticism of the COF competition was a nonprofit reaction against the wisdom of “markets…[that] have this uncanny way of being candid, sending demand signals that companies need to pay attention and adapt to in order to thrive, if not survive,” the two authors stretched some points that were made in the criticism of the COF program.
Kenya has suspended the licences of 13 Somali remittance firms following the massacre at a Kenyan university last week, Somalia's central bank governor said on Wednesday, and Kenyan media reported that dozens of bank accounts had been frozen.
Despite the huge numbers of Microfinance Banks, MFBs, operating in the country and regulatory authorities’ efforts to use them as channels for financial inclusion, investigations have confirmed that only 2.6 million of the adult population had MFB accounts.
More than half a million people die of malaria every year, most of them children under the age of five in Africa. And in the areas where it is most endemic, it remains relatively expensive to diagnose. But a group of scientists in Missouri are working on a groundbreaking method to test for the disease that, if successful, could save time, money, and most importantly, lives.
Biocon’s integrated healthcare initiatives is constantly engaged in improving the quality of life of several thousand communities in India.
Younger wealthy investors have a greater interest in socially responsible investments than older investors.
Austrian design firm EOOS and water research institute Eawag hope to improve sanitation levels in areas of extreme poverty with a mobile toilet that contains its own water filtration system.
Mobile wallet company, MobiKwik, which has over 15 million users and 25,000 merchants, has announced that it raised close to $25 million in a Series B round led by Tree Line Asia. Cisco Investments, American Express and the existing investor, Sequoia Capital were part of the fund raising drive.
This marks the third year that international development, entrepreneurship, and public service programs at MIT have come together to organize the MIT Scaling Development Ventures conference. Each year, the conference brings together perspectives from the international development and business communities to examine the best ways to bring poverty-alleviating solutions to market at scale. This year’s conference takes place at MIT on Saturday, April 11. Registration is free for members of the MIT community.
At one of India’s most prestigious tech universities, IIT Delhi, assistant professor in technology for development Aaditeshwar Seth has been spearheading a social media network for the country’s rural and largely poor population—no Internet required.
Cheap, simple diagnostic kits have the potential to revolutionize health care in the developing world. If we can put non-technical tests in the hands of normal people, we can test for diseases more efficiently without building out formal clinic networks. That should help get treatments to people in a more timely way.
Prime Minister Narendra Modi on Wednesday launched MUDRA Bank under Pradhan Mantri Jan Dhan Yojana. This will provide credit of up to Rs 10 lakh to small entrepreneurs and act as a regulator for 'Micro-Finance Institutions' (MFIs).
The Government of Papua New Guinea (PNG) has joined the Better Than Cash Alliance with endorsements from Minister for Finance, James Marape and Minister for Treasury, Patrick Pruaitch.
That Narendra Modi is a skilful orator is not news, but to hear him in person and to see him use ground-level common sense to drive home financial lessons to an auditorium full of bankers is quite an experience. The venue was the 80th birthday party of the Reserve Bank of India (RBI) at the National Centre for Performing Arts in Mumbai. And in case you were wondering, as I did, as to why celebrate 80 years rather than the global norm of 75 or 100, Modi said that 80 years is special to Indians because it marks the sahastra darshan or the 1,000 viewings of the full moon by a person who turns 80.
African scientists look set to gain greater control over research in their own countries, if an ambitious plan for a regional hub to award grants and develop research capacity bears fruit.
Bank of Uganda (BoU) officials are planning a major investigation into MTN Mobile Money dealings following an expose by The Independent.
Mobile virtual number operator Finserve Africa Limited (trading as Equitel) has made its mark in the Kenyan mobile money market, overtaking veterans such as Orange Money during October and December of last year.
Cuts to global health research budgets and people’s wariness of vaccines could hamper efforts to improve health around the world, two separate reports have warned in the run-up to World Health Day, which is marked today.
China launched the Asian Infrastructure Investment Bank (AIIB) in October of 2014 and has met with nothing but opposition from the United States. Officially, the objection cited by the United States is a lack of clarity about AIIB’s governance, as well as concerns about whether the AIIB will adhere to strict environmental and labor standards in its operations. It is clear, however, that U.S. opposition also derives from fears that the AIIB — spearheaded by China and part of China’s “New Silk Road” strategy — will diminish U.S. leadership in the region.
While vaccines, mosquito nets and other health measures have saved millions of children younger than 5 in the last decade, death rates from pneumonia, sepsis and meningitis among babies in the first weeks of life have remained stubbornly high.
Indian banking regulator has proposed to hike the eligibility criteria to classify a loan as priority sector lending (PSL) which is expected to particularly boost microfinance institutions (MFIs) in the country.
World Bank Group President Jim Yong Kim today announced a broad strategy to end extreme poverty by 2030, and he welcomed emerging players such as the Asian Infrastructure Investment Bank and the New Development Bank, established by the BRICS countries, as potentially strong allies in the economic development of poor countries and emerging markets.
Some of the Middle East’s most promising entrepreneurs and deep-pocketed investors gathered at the Habtoor Grand Hotel here last month for the sixth edition of the ArabNet Digital Summit, one of the largest forums for the Middle East’s burgeoning startup industry.
Michael Bloomberg is a man on a mission. This, of course, isn't the first "noble cause" he's latched on to but the "evil" of tobacco is something he feels particularly strongly about.
As Bob Dylan would croak, “oh the times they are-a changing”. India Post is quietly retiring its traditional money order service which facilitated pan-India door-delivery of funds to a payee from over 155,000 post offices, reports IANS. Shikha Mathur Kumar, the deputy director general for finance confirmed to the publication and added that India Post will be pushing the electronic money orders (eMO) and instant money orders (iMO).
Base-of-the-pyramid financial services providers in emerging markets are increasingly using data analytics to pioneer new products for reaching the unbanked. Alifinance in China is using the underlying transaction data of vendors on the giant online platform Alibaba to underwrite small business loans. M-Shwari in Kenya leverages M-Pesa's mobile money data for short-term, unsecured credit. Cignifi analyzes cell phone usage to provide credit as well as savings propensity scores. Lenddo uses online social network data for credit risk assessment. Similarly, a number of companies including Tiaxa and MODE use cell phone data to extend immediate nano-credits to prepaid customers who run out of airtime balances.
Indian rural healthcare startup Karma Healthcare has raised an undisclosed amount in pre-series A round from impact fund Ankur Capital and an unnamed international VC firm.
Delhi’s air pollution hit new highs last winter, giving the city, at least briefly, the worst air quality readings of any place on earth.
Forty percent of all malaria-caused deaths in sub-Saharan Africa occur in the Democratic Republic of Congo and Nigeria, according to the World Health Organization. The private sector "supply chain" manages 74% of the drug volume in Congo and 98% in Nigeria where malaria-stricken patients rely on "drug shops" and other for-profit retail outlets to get life-saving medicine.
In the developing world, using people's social graph to determine creditworthiness is opening up billions of new people to the benefits of credit—and a chance at the middle class.
As I prepare for retirement this month and reflect on my four years as the director of the neglected infectious diseases team here at the Bill & Melinda Gates Foundation, one of the things I am most proud of is to have been part of a global team that has been working to get a new Japanese encephalitis vaccine to the millions of people who need it.
It is a truth universally acknowledged that the future of Africa is mobile. And it does seem that the good news for mobile in Africa keeps on rolling in. This month a bullish MTN Group announced a 20% jump in net profit in 2014 from the previous year, with sales growth in Nigeria and other major markets such as Cameroon and Uganda. The company announced that it would invest R30bn this year to grow its infrastructure in the 23 countries where it operates.
U-M’s 1000+ OBGYN Project provides free access to educational materials to support ob-gyn training in Africa for improved maternal, newborn care.
Heifer International was awarded a Starbucks Foundation grant of $750,000 to help fund the Mbozi Farmer Livelihood Improvement Project in Tanzania, which will help improve livelihoods and quality of life for smallholder coffee growing communities in the East African country.
A new study reveals that while Zambia has made great progress against malaria over the past decade or so it was losing ground on many other health needs like basic child immunizations and maternal health care.
Out of the total 1.3 billion population in India, around 80 per cent are living in poverty. There are some companies in India — both in the tech and no-tech segments — helping this large segment to address various problems related to irrigation, lending, travel, education, etc., by providing cost-effective solutions. These impact ventures are getting financial assistance in the form of grants or funds from various investment firms, called Impact investors.
While Asia still lags Europe and the United States in sustainable investing, the market for funds employing such strategies is healthy and expanding rapidly in the region, with Singapore and Indonesia leading the growth.
It’s been declared dead countless times in the West, but in Kenya's start-up scene Bitcoin is all the rage. Kenyan companies have been attracting funding lately to build cheap Bitcoin-based remittance services that some think could give Western Union a run for its money, though others say it’s still got a long way to go.
The twenty-first century shift in geoeconomic power toward Asia has also spurred a rebalancing in global pharmaceutical research and development (R&D) investment toward emerging economies. China is currently the world’s second-highest investor in R&D and is poised to overtake the United States in R&D spending by 2023. Determined to become a world leader in the pharmaceutical sector, China spent $1.17 billion on promoting life and medical sciences in 2012—nearly ten times its 2004 level of investment. With U.S. funding for medical research on the decline, the surge in Chinese funding has prompted many policymakers to ask if the country's pharmaceutical industry could be the next game changer for global public health and access to medicine (ATM).
How do we get Ivy League students interested in changing the world? Fluorescent pink posters with one simple message: "Do you want to win $1,000,000?"
According to a new report from McKinsey & Company, smartphones and high speed Internet access are transforming banking habits in Asia where over 700 million people already regularly conduct transactions online.
The Union health ministry's ambitious Mission Indradhanush to immunise children against various diseases faces a major challenge as the Hib vaccine to safeguard the little ones from deadly infections like meningitis, pneumonia and severe throat conditions remains out of the reach in vast areas of the country.
Here is what life is like for a woman with no bank account in a developing country. She keeps her savings hidden — in pots, under mattresses, in fields. She constantly worries about thieves. She may even worry about her husband taking cash she has budgeted for their children’s needs. Sending money to a family member in another village is risky and can take days. Obtaining a loan in an emergency is often impossible.
World Health Day is on April 7, and people around the globe are turning their attention to health issues. The global infant mortality rate of 33.6 deaths per 1,000 live births in 2013 has followed a long-term downward trend. Similarly, life expectancy has improved dramatically in recent decades. The improvements were uneven, however, and health conditions continue to vary widely between nations.
FICO, creator of some of the most widely used credit scores in the U.S., will reportedly announce a new scoring formula designed to help high-risk consumers access credit, the Wall Street Journal reported Wednesday. The model will incorporate consumers' payment history on things like utility, cellphone and cable bills, in addition to how often a consumer changes addresses.
The Entourage actor talks entrepreneurship and his upcoming stint as a judge in a start-up pitch contest.
Prime Minister Narendra Modi on Thursday asked the Reserve Bank of India to prepare a 20-year roadmap for deepening financial inclusion in the country.
China’s largest e-commerce companies are eager to leverage their millions of users and hoards of data for new projects. For example, Alibaba’s other businesses include healthcare management, financial services, and cloud data. Now JD.com, its smaller but still formidable rival, is branching out into crowdfunding for startups.
If crowdfunding’s been hot for awhile, last year, it was damn near on fire.
The Case Foundation and B Lab recently announced a joint effort to encourage more businesses, especially those that aren’t triple-bottom line enterprises, to consider their social and environmental impact.
Everyone’s heard of the World Bank, but far fewer people know of its private sector arm, the International.
Launched in 2006, the nonprofit impact investing firm has used its innovative loan guarantee model to generate economic opportunities for nearly two million people living in poverty.
India is likely to add more HIV/AIDS and tuberculosis drugs to its list of essential medicines that are subject to price caps, people directly involved in the process said, in a move to improve affordability of drugs to treat the deadly diseases.
Washington appears to have softened its stance towards the new Beijing-led Asian Infrastructure Investment Bank, backing down from its earlier resistance and saying it is now ready to welcome the institution.
The entrepreneur hopes to empower the differently-abled by manufacturing vehicles that offer mobility, quality at a reduced cost and even aid in employment.
The videos are almost unbelievable. Ketchup slides out of the jar and you don't even have to give it a thump. Glue slips out of the bottle without a molecule left inside. And what about getting that last smidgen of toothpaste from a used tube? No problem.
Newborns and young infants in developing nations who have suspected severe bacterial infections can be effectively treated outside a hospital, two new studies suggest.
I have been asked to teach a course in Marketing for the esteemed Master of Science in Social Entrepreneurship Program at USC. While I look at this as a great opportunity. I also recognize it is an enormous challenge. Why? Even though many profess a deep knowledge of these subjects, both are not well understood. Business people tend to look at social entrepreneurs as bleeding heart do-gooders that waste their time chasing after lost causes. Moreover, social entrepreneurs tend to view profit-seeking business people as money-grubbing and selfish with little concern about the greater good. Even worse, they tend to view marketers as slimy, sleazy liars. So why do intelligent people wanting to use their intelligence to solve the world's social problems tend to shun marketing?
Two Ebola vaccines, one developed by the NIH and GlaxoSmithKline ($GSK) and the other by Merck ($MRK) and NewLink ($NLNK), have sailed through Liberian trials and, based on the results, may now advance to Phase III trials.
As it revisits major aspects of its curriculum in conjunction with its capital campaign, the Kennedy School of Government is in the early stages of creating a new “social enterprise incubator,” according to HKS spokesperson Doug Gavel.
Caspian Impact Investments (CII) today announced that it closed a debt financing commitment of $20 million from the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution.
The February ribbon cutting for Gigawatt Global’s new $24 million solar field in Rwanda was an impact investment showcase. More than 28,000 solar panels, arranged in the shape of the African continent, added six percent to the entire country’s electricity production.
Kwale — Citizens of the East African Community will by the end of this year be able to transfer money via mobile phones across borders if full implementation of the One Area Network Agreement (OANA) succeeds.
Millicom (Stockholmsbörsen: MIC), the international telecommunications and media company, announced today that its Tigo operation in Rwanda has launched the country’s first mobile-based savings product – Tigo Sugira – with Tigo Cash.
When it comes to the wrappers of India's state-supplied condoms, boring is out, attractive is in, but erotic is too much.
Genetic information that could help slow disease outbreaks may be kept private by researchers out of fear of violating patients’ rights — that was one of the concerns expressed in a Nature article recently.
Microfinance was once heralded as a key weapon in the fight against global poverty. Yet some 2.5 billion impoverished people across the world still don’t have access to basic financial services, according to the latest World Bank data.
“Being good means nothing unless you are willing to do what needs to be done when it needs to be done,” said an angry Abraham Setrakian in the US vampire apocalypse show ‘The Strain.’ And while our planet may not be under threat from vampires, the danger to its environment from the waste-dumping activities of human beings is not just real, it is critical.
An improving economy has done little to help people prepare for a financial emergency, with 34 percent of adults in America -- more than 72 million people -- saying that they don't have any emergency savings, according to the second annual financial capability survey from NeighborWorks America. That is up from 29 percent of adults reporting no emergency savings in the similar survey one year ago.
The decision by Uganda to send nearly 300 medical professionals the Caribbean has sparked a controversy that extends beyond the East African nation. Belgium says it will make cuts to the €11 million in aid it sends to Uganda. The United States has criticized the plan, as has Human Rights Watch, and activists in Uganda.
Eri Machii, a 37-year-old pharmacist, hopes a traditional Japanese method of marketing medicine will take off in Africa and help improve health care.
Echoing Green is seeking partners for a soon-to-be-launched program that will place young, rising stars in the corporate world into the boards of its fellows’ organizations.
Alibaba Group Holding Ltd's healthcare subsidiary will tie-up with Zhejiang DiAn Diagnostics Co Ltd to help develop an online hospital platform, the diagnostics firm said in a filing late on Monday.
In his 2013 New Yorker article “Slow Ideas,” the Harvard surgeon Atul Gawande offered a compelling way to understand why some good ideas spread slowly (if at all) while others spread like wildfire.
Nearly two decades ago, when the concept of microfinance as a poverty reduction tool was in its infancy, there was hope that microcredit would transform economic and social structures. With its focus on reaching the previously unbanked, microcredit was expected to bring about change at the household level, a market in developing countries that traditional financial institutions had failed to reach.
Entrepreneurs using wealth and power to transform society are not a new phenomenon. A century ago, Andrew Carnegie’s love of libraries helped bring education to the masses, and he spent millions promoting world peace. Today’s "philanthropreneurs" are equally ambitious—and they’re succeeding, while redefining what it means to give and give back.
It can be and has been argued that improvements in human welfare achieved over the last few decades have been purchased, at least in part, on credit—that the net gain is less than it seems, perhaps even negative, given the scale of our accumulated liabilities. In part, this is because gains made at the level of households, communities and countries have not been adequately insured against global public ‘bads’—transnational problems whose solution or mitigation generally calls for international cooperation.
A micro-money lending platform whereby subscribers will be able to borrow up to Rwf50,000 payable in two weeks has been launched by telecom services provider, Airtel Rwanda and Atlantis Limited, a micro-finance institution.
Clean energy in developing economies rests with a seamless, ubiquitous, easy-to-use financing platform based on energy and mobile money. Wireless credit is a very important piece of that platform.
Georgia Tech professor Mark Praunitz has spent two decades developing microneedle patches.
As Africa’s second most populous country, Ethiopia’s healthcare industry holds significant potential. According to Dr Mohammed Nuri (42), founder and CEO of local pharmaceutical company Medtech Ethiopia, the industry commands more than 18bn Ethiopian birr (about US$881m) in annual sales. In recent years imports from abroad have risen, while foreign investors have entered partnerships with local players.
The domestic microfinance industry is being held back by a number of constraints on funding, preventing more small-scale loans from being disbursed, according to industry insiders.
Prossy Sebunya has a passion for clean cook stoves -- a technology that’s critical in third-world countries, where fuel is an expensive commodity, wood fires lead to deforestation and unhealthy conditions prevent sanitary food preparation.
The announcement that Helene Gayle, the retiring CEO of CARE, was going to be inaugural CEO of the McKinsey Social Initiative struck us as noteworthy for reasons that other press outlets really haven’t covered.
A rapid Ebola diagnostic kit similar to a pregnancy kit has been developed by British military scientists and NHS medics in Sierra Leone.
Another day, it seems, brings another new member to China's latest big international initiative: a new development bank for Asia.
Payment solutions provider Oxigen is on a major expansion drive that includes hiring about 1,500 people and ramping up its payment network across semi-urban and rural India. The firm is also eyeing a large share of the remittances market and prepares the ground for launching a payments bank.
The World Health Organization (WHO) and the UN Office for Project Services (UNOPS) on Sunday signed a Memorandum of Understanding (MOU) to intensify collaboration on sustainable management of health programs and projects in Africa.
Social investment in the UK requires less hype, more transparency from lenders and more focus on the needs of charities and social enterprises if it is going to succeed, according to a commission of thinkers and practitioners in the world of social finance.
Ajit Mahadevan, Country Head, Acumen, tells Sarika Malhotra that the company's aim in investing patient capital is not to seek high returns, "but to jump-start the creation of enterprises that improve the ability of the poor to live with dignity. In the long-run we do aim to see a return of our capital". Acumen has been investing in India since 2001 and has backed 26 companies across portfolios, including low-cost maternity care, skills training and education, water filtration enterprises and more. In addition to providing patient capital to investee companies, it has also invested in human capital and a wide range of management support services to help the companies scale up.
Elie Hassenfeld had an enjoyable and lucrative career in finance. Then he discovered an unusual passion.
Moses brought ten commandments down from Mount Sinai. If only the UN’s proposed list of Sustainable Development Goals (SDGs) were as concise. The SDGs are supposed to set out how to improve the lives of the poor in emerging countries, and how to steer money and government policy towards areas where they can do the most good. But the efforts of the SDG drafting committees are so sprawling and misconceived that the entire enterprise is being set up to fail. That would be not just a wasted opportunity, but also a betrayal of the world’s poorest people.
The past few decades have seen enormous changes in the global burden of disease. Although many people, especially those living in (or near) poverty and other privations, are familiar with heavy burdens and much disease, the term “global burden of disease” emerged in public health and in health economics only in recent decades. It was coined to describe what ails people, when, and where, and just as reliable quantification is difficult, so too is agreeing on units of analysis. Does this term truly describe the burden of disease of the globe? Of a nation? A city?
The Financial Services Authority (OJK), along with four of the nation’s largest banks, launched on Thursday a nationwide campaign on financial services without physical branches to help boost access to the banking system in rural areas.
A Northern Virginia startup is trying to solve one piece of the Ebola puzzle: How to keep health workers in protective gear from collapsing from heat exhaustion.
The Inter-American Development Bank is in the process of forming a new entity to handle its private sector activities, according to a bank employee with knowledge of the plans.
In the wake of the Ebola crisis, a quiet revolution is taking place that is set to transform the way governments and aid agencies respond to major disease outbreaks.
In the United States, any cluster of tuberculosis cases makes headlines, no matter how small the numbers. For example, local health authorities recently issued a warning to medical providers after 15 residents of a New York City neighborhood contracted tuberculosis over a two-year period — and the tabloids promptly hyped the news.
THE relationship between East African neighbours Kenya and Tanzania is a complex one, frequently eluding neat analysis, but two things reliably capture the prevailing spirit: tour vans and Kenya Airways.
Microfinance institutions (MFIs) are worried about the government's decision to set up the Micro Units Development and Refinance Agency, or Mudra Bank, to regulate them as there could be a conflict of interest. They want the Reserve Bank of India ( RBI) to continue as their regulator.
Pan-African operator MTN announced a deal with Verifone Mobile Money to deliver retail payment devices to merchants across 16 markets.
Alpesh Patel, CEO of African mobile player Mi-Fone, said that its strategy for the region is based on “aspiration within reach”, arguing that “you’ve got to be realistic about the consumers’ pockets”.
Some 57% of asset owners and other institutional investors surveyed believe incorporating ESG into alternative investments decision-making has a positive impact on risk-adjusted returns, said a report Monday from Mercer and LGT Capital Partners.
Sunlabob Renewable Energy, a Laos-based group that specializes in bringing clean energy solutions to rural communities, has this week secured an impact investment of $2.1 million to enable it to expand its off-grid programs in Asia, Africa and the Pacific region.
The U.S. consumer financial watchdog on Thursday outlined its plans for cracking down on the payday lending industry and ensuring that borrowers can repay their loans.
Eighty five percent of Kenyans have adopted electronic payment products including bank accounts, mobile phone, prepaid cards or other payment products, according to a new study by MasterCard.
SKS Microfinance Ltd, one of the largest microfinance companies in India, was a model for many other firms in the sector. Established by financial services professionals, the company was once considered the answer to India’s financial exclusion problem. While SKS has been through its fair share of struggles in the last four years, things are starting to look better for India’s only listed microfinance company.
An organic mixture made of coconut, rice and lemons is under development to help limit the spread of diseases associated with open defecation and diarrhea in a country where more than half of the 1.2 billion population relieve themselves outside.
Global investment in affordable financial services for the poor has risen by an average seven percent per year since 2011, a World Bank think tank said in a survey released on Wednesday.
Bangladesh has introduced cash incentives for poor pregnant women and under-5 children in some selected districts to lure them into facilities for health and growth check-ups.
Rwanda was yesterday selected to be East Africa's centre of excellence in e-health and biomedical engineering as well as health vaccines and immunisation logistics.
Over the past 20 years, that rallying cry has gone from fantasy to imperative. Since the advent of the World Health Organization’s directly observed treatment strategy in 1995, more than 61 million people have been successfully treated for tuberculosis, and new TB cases and TB-related deaths are on the decline. Furthermore, countries have achieved the Millennium Development Goal of halting and reversing the TB epidemic by 2015. Thus, today, we have important successes to celebrate. Ending TB is within reach.
Three bank branches stand across the street from Ajay Kumar Jaswal’s vegetable stand. But their loan officers shun his small business, forcing him to pay up to 20% quarterly interest to an illegal moneylender for the roughly $160 he needs as working capital.