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NexThought Monday: Our inaugural podcast – a conversation with the MasterCard Foundation’s Ann Miles
In April, the MasterCard Foundation Fund for Rural Prosperity awarded over $10 million to five innovative companies working to increase financial access in rural Africa. In NextBillion's inaugural podcast, we spoke to Ann Miles, Director of Financial Inclusion & Youth Livelihoods at the MasterCard Foundation, about the competition's winners and the broader digital financial inclusion space in Africa.
- Categories
- Agriculture, Technology
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Weekly Roundup: Burning the Ivory to Save It
Late last week Kenya President Uhuru Kenyatta helped set 105 tons of poached elephant ivory and rhino horns ablaze. It was a drastic step to help kill a black market where the horns and tusks would have fetched $100 million. This week we were reminded of other market building forces in Africa and Ecuador.
- Categories
- Agriculture, Environment, Investing
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One Acre Fund Expands Smallholder Farmer Services to Malawi and Uganda
One Acre Fund (http://www.OneAcreFund.org), a nonprofit agriculture organization that supplies smallholder farmers with the financing and training they need to increase their incomes and food security, today announced the official opening of its Malawi and Uganda operations. Malawi and Uganda began as pilots in 2013 and 2014 respectively. One Acre Fund now serves 400,000 smallholder farmers—with an estimated two million people in those households—across East and Southern Africa.
- Source
- Press Release
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
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What STEM Skillsets, Mindsets Bring to Sustainable Development
Many people still believe that all scientists and engineers work in science and engineering. Do all scientists pipette solutions in a clean white lab while all engineers take measurements on a construction site and programmers write apps in a cubicle? While many STEM professionals do fit these traditional roles, many more use their analytical skills to solve problems in other fields. According to the National Science Board, fewer than half the undergraduate STEM majors in the U.S. end up in STEM occupations. Part two in a series on STEM careers and directions for sustainable development.
- Categories
- Agriculture, Environment, Technology
- Tags
- research
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U.S. Government’s Development Finance Institution, OPIC, Announces $50 Million Investment in Impact Investing Pioneer Root Capital
The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, announced today a renewed commitment to agricultural impact investor Root Capital. OPIC’s commitment, an increase to a $50 million financing facility, is Root Capital’s largest source of funding, and will significantly support Root Capital’s established on-lending program to rural, underserved businesses in Latin America and Africa.
- Categories
- Agriculture, Investing
- Tags
- impact investing
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The MasterCard Foundation Fund for Rural Prosperity Announces Winners of 2015 Scaling Competition and Launches 2016 Competition
The MasterCard Foundation Fund for Rural Prosperity today awarded five companies more than US$10.6 million to bolster their innovative work to alleviate poverty by increasing access to financial services for poor people in rural Africa. The five companies introduced imaginative thinking in their approach to scaling up financial inclusion – the increase in access to services such as mobile banking, savings accounts, insurance and credit – for the benefit of nearly eight million people in remote parts of Africa.
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
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Making it Rain: The forecast on weather index insurance
A host of risks, including too much or too little rain, keeps farmers from adopting inputs and practices that may yield more profitable crops. But weather index insurance could be the hedge many farmers need. The Agricultural Technology Adoption Initiative reviewed several randomized control trials about how to make insurance a more attractive option for farmers.
- Categories
- Agriculture
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An inflection point in the era of “farmer finance” for the world’s smallholders
A new study, “Inflection Point: Unlocking growth in the era of farmer finance,” suggests that while current efforts to expand financial inclusion are not sufficient to meet smallholder demand, concerted efforts around customer centricity, progressive partnerships, and smart subsidy have the potential to change the sector’s growth trajectory to best serve the world’s smallholder farmers.
- Categories
- Agriculture
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