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Bitcoin Too Volatile To Aid Financial Inclusion, Says Mastercard CEO
The inherent volatility of Bitcoin makes it ill-fitted for the needs of unbanked people, argued Mastercard CEO Ajay Banga.
- Categories
- Finance, Technology
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Press Release: The ABC Fund Scales Agriculture SMEs in Kenya and Uganda With $2 Million Revolving Credit Facility for FACTS
The Agri-Business Capital (‘ABC Fund’) has signed an agreement for a $2 million revolving credit facility to FACTS Advance BV (‘FACTS’) to provide short-term trade finance solutions for SMEs in Kenya and Uganda primarily operating in the agriculture sector.
- Categories
- Agriculture, Finance
- Region
- Sub-Saharan Africa
- Tags
- financial inclusion, scale
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How Governments Can Reach People in Extreme Poverty and Build Resilient Livelihoods During COVID-19
Governments around the world have taken fiscal measures that total almost $12 trillion in response to COVID-19. But Lindsay Coates at BRAC argues that most of these programs are short-term and reactive, and many do not reach those most in need of support. She proposes a more comprehensive response – and discusses how the Graduation approach to poverty alleviation can play a role.
- Categories
- Coronavirus, Finance, Investing
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Analysis: Revolutionising Nigeria’s Microfinance Landscape Through Insurtech
According to Augusto & Co’s estimates for the 2019 financial year, the insurance industry in Nigeria generated gross premium income (GPI) of N471 billion, approximately 12% higher than the preceding year’s GPI. Compared to other African countries like Kenya and South Africa with 2.9% and 14% respectively, insurance penetration in Nigeria is low.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Press Release: Angaza Raises $13.5 Million in Series B Financing
Fintech innovator receives funding as it crosses milestone of impacting 12 million lives globally.
- Categories
- Energy, Finance, Investing, Technology
- Region
- Sub-Saharan Africa
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MFIs in India: Need Social Impact Monitoring
The pandemic has necessitated the need to re-look at the tenets of MFI lending
- Categories
- Education, Finance, Technology
- Region
- Asia Pacific
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Disconnects Between Minigrid Policy Stakeholders Keep Sector’s Bankability at Bay
Minigrids have yet to scale on a trajectory reflective of their massive potential.
- Categories
- Energy, Finance, Technology
- Region
- Sub-Saharan Africa
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Press Release: WorldRemit Sees Remittances To Zimbabwe Double in Six Months and Introduces New Retail Partnership With Ok Zimbabwe
Earlier this year, the World Bank forecasted that in the wake of the Covid-19 economic crisis, remittance flows to Sub Saharan Africa would fall by 23.1%. However today, WorldRemit, the global online money transfer service has reported that the demand for their remittance services to Zimbabwe continues to grow at an accelerated rate and has doubled in the last six months for the company.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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