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Time for a Course Correction with Climate Finance Action on All Fronts, Says WWF
In WWF's Climate Policy Manifesto, WWF proposes three practical principles to guide multilateral finance institutions to deliver for climate action.
- Categories
- Environment, Finance
- Region
- Global
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IFC Invests $50 Million in New LeapFrog Fund to Bolster Health, Financial Services Businesses in Africa
The latest fund will focus on growing businesses in healthcare and financial services by helping companies adopt digital solutions and offer new products that can reach underserved segments of the population.
- Categories
- Environment, Finance, Health Care, Investing, Technology
- Region
- Sub-Saharan Africa
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IFC and OCP Group Launch $800 Million Agri-Finance Platform to Build Sustainable Food Systems in Africa
The new platform will build and support sustainable food production and distribution systems in Africa, contributing to skills development, job creation, and food security.
- Categories
- Agriculture, Finance
- Region
- Sub-Saharan Africa
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A $200 Billion Opportunity: What Payment Data Shows About the Rise of Africa’s Digital Economy
Africa’s digital economy is growing rapidly, and according to Agosta Liko at Pesapal, businesses, financial institutions and governments could add US $200 billion to the continent’s GDP in the next six years by supporting that growth. He shares payment data that highlights how, and where, digital transactions are happening in Africa — both online and in person — and explores what that means for the digital economy’s growth prospects in the region.
- Categories
- Finance, Technology
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Press Release: Bancolombia and Terrapay Sign Contract to Strengthen Cross-Border Remittances Across Colombia
As part of their collective commitment to enhance financial inclusion, the two companies will enable seamless cross-border transfers.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Press Release: British International Investment Partners with Access Bank to Extend US $60 Million Trade Finance Facility Across Africa
Loan facility will help to ensure availability of key commodities across import-dependent economies and aims to stimulate African trade volumes by US$90 million as well as contribute to SDGs 8 and 9.
- Region
- Sub-Saharan Africa
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In Pursuit of a Cashless Africa: Learning from Nigeria’s Struggle to Accelerate its Transition to Digital Finance
The use of cash for payments is dwindling globally, while the electronic payments industry is burgeoning. As Osahon Akpata at Ecobank points out, this growth is also happening in Africa, though cash still remains king. He highlights several factors that are driving both the growth of digital finance and the ongoing usage of cash on the continent, exploring how African countries can accelerate their transition to a cashless economy — and what they can learn from Nigeria's struggles in that area.
- Categories
- Finance, Technology, Telecommunications
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Does Universal Basic Income Really Work? Understanding the Early Findings from the World’s Largest UBI Experiment, and Their Implications for Financial Resilience
While the concept of Universal Basic Income (UBI) as a poverty solution has been widely debated, there has been limited evidence of its effectiveness. But as Tavneet Suri at MIT and Stella Klemperer at Flourish Ventures explain, that's beginning to change. They share early results from a 12-year randomized control trial exploring the long-term impact of UBI on 23,000 people in 195 villages in rural Kenya — the largest and longest UBI experiment to-date. The findings offer compelling evidence of UBI's impact on financial resilience, and can help inform the design of other UBI and cash transfer programs.
- Categories
- Finance
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