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WCCN Invests in Pro Mujer to Support Women In Latin America
A fund to counter the effects of the U.S. government's controversial “global gag rule” has raised around $190 million, it was announced at a conference in Brussels today, as development leaders said it would not be possible to achieve the Sustainable Development Goals without access to family planning services.
- Categories
- Investing
- Region
- Latin America
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Social Business Roundup: Biblical Impact Investing, Salt from Solar in Kenya and Invoices of Inclusion
In this week's social business roundup: “Biblically responsible investing” is offering another path to the predominately secular space of SRI, one of Kenya's largest solar projects could be a model for rural power and how one company's approach to the tedious process of invoicing customers could lead to more financial inclusion in the Philippines.
- Categories
- Energy, Health Care, Investing
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Pakistan banks embark on financial inclusion
The Pakistani banking sector, which has already been highly profitable, is on track to expand further with millions of new customers set to enter its fold owing to financial inclusion initiatives. The priority target of the Financial Inclusion Plan (FIP) is to raise the number of customers with access to bank accounts and services to 50 per cent of the adult population. The number was 23 per cent in 2015 and 12 per cent in 2008.
- Categories
- Uncategorized
- Region
- North Africa & Near East
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Mobile Money Not As Useful As Expected For Banking Poorer, Rural Africans
Kenya’s banks came together this month to launch PesaLink, a new platform that will be integrated into all banks in the country, allowing users to seamlessly send money from one bank to another. The move signifies major new competition for Safaricom’s M-Pesa and other mobile money services, which launched initially to streamline the process of sending money.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Indian City Advances as Fintech Hub as Visa, Reuters Move In
Multinational giants Thomson Reuters and Visa will launch their operations in the south Indian city of Vishakhapatnam next month, as the city gains prominence as a leading financial technology hub in the country. Global data and technology provider Thomson Reuters will join the world’s leading payments network Visa in launching operations in Vishakhapatnam, a coastal Indian city in the southern state of Andhra Pradesh.
- Categories
- Technology
- Region
- South Asia
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Kenya Cabinet Secretary denies claims that government wants to break up Safaricom
The government has allayed reports that it is intending to split leading telecommunication operator in the country, Safaricom. Information, Communication and Technology Cabinet Secretary Joe Mucheru has insisted that the government’s role is to provide policy guidance and coordination in the sector as opposed to interfering in business operations and investment.
- Categories
- Technology
- Region
- South Asia
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India Plans Health Scheme to Save $121 Billion Every Year
A national level program to eradicate blindness is being running across India since 1976 but corruption and inadequate government funding failed to improve the situation.
- Categories
- Health Care
- Region
- South Asia
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Microloan approvals done in 7 minutes, not 7 days in India
Bharat Financial Inclusion, India's second-largest microfinance company, has linked its credit systems to the national database to speed up cheaper financing to those at the margins.
- Categories
- Technology
- Region
- South Asia