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Kenya’s Family Bank appoints first female CEO to take on the country’s male-dominated banking industry
Rebecca Mbithi has been appointed as the new Family Bank CEO replacing David Thuku who resigned in September last year. Her appointment, if approved by the Central Bank of Kenya will make her one of the few female chief executives in Kenya’s financial services sector.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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MTN, Ericsson extend mobile money deal
MTN and Ericsson have signed a five-year contract extension to deploy new products and provide managed services for mobile money services in 13 countries across Africa and the Middle East.
- Categories
- Finance, Technology
- Region
- North Africa & Near East
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Report: Over 80 percent of social investments in Myanmar are in microfinance
Among the goals of the forum is for AVPN to influence investors’ portfolios more deeply in order to help them increase the impact of their work. During the forum, AVPN also released its Social Investment Landscape in Myanmar Report.
- Region
- Asia Pacific
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Mastercard and Angaza shine for payments in emerging markets
San Francisco-based Angaza provides a pay-as-you-go (PAYG) embedded metering and monitoring technology, while Mastercard brings its digital payment solutions and infrastructure including QR technology.
- Categories
- Energy, Finance, Technology
- Region
- South Asia
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India’s microfinance industry posts 43% growth in Q3
The total number of microfinance accounts witnessed an annual growth of 24.3 per cent.
- Categories
- Finance
- Region
- South Asia
- Tags
- microfinance
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Press release: GSMA Report Highlights 20 Per Cent Annual Increase in Mobile Money Accounts to More Than 866 Million Worldwide
“The mobile money industry is fast-evolving against a backdrop of increasing internet access and smartphone adoption, and now more than ever, mobile’s unparalleled global scale provides a tremendous opportunity to reach the 1.7 billion people who remain financially excluded.”
- Categories
- Finance
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Study: How microfinance may lead to indebtedness
The authors found that more than 56% of the households in rural areas and 35% in urban areas were over-indebted, on the basis of a survey of 280 rural and urban households from microfinance markets across 10 districts in Andhra Pradesh, Telangana, Odisha, Kerala and West Bengal in 2015-2016.
- Categories
- Finance
- Region
- South Asia
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Crypto-currencies gaining popularity in Kenya
Interest in virtual currencies is rising across the African continent, especially in Kenya, Africa's Silicon Valley.
- Categories
- Finance, Technology