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Press Release: Madagascar to Expand Access to Social Protection for Extremely Poor Households Thanks to $250 Million in World Bank Financing
This new project will be implemented over a period of four years and will target extremely poor households throughout all of the 23 regions of Madagascar.
- Categories
- Education, Finance, Health Care
- Region
- Sub-Saharan Africa
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Interview: This Online Platform Is Helping Relief Agencies Send Cash Aid to Rural Somalia
Hormuud Telecom is helping donors reach millions of Somali residents engulfed by hunger and starvation, while eliminating the fear of terrorist attacks.
- Categories
- Finance, Technology, Telecommunications
- Region
- Sub-Saharan Africa
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South African Digital Lender Lulalend to Launch Banking Product Off the Back of $35 Million Series B
The digital lender, launched in 2014, has raised $35 million in a Series B round led by international impact investor Lightrock, with participation from new investors.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Delivering on Mass Market Insurance in Africa: Debunking the Myth of Low Demand
Africa’s insurance penetration rate in 2019 was only 2.78%, significantly lower than the global average — and insurance usage is concentrated among the urban elite, with minimal adoption among the people with the most risk of financial shocks. According to Ted Pantone at Turaco, there's a widespread belief in the industry that this lack of uptake means African customers don't see value in the benefits of insurance. But he argues that Turaco’s rapid growth in Africa is debunking that myth. He explores three aspects of the company's model that have enabled it to unlock African customers' latent demand for insurance.
- Categories
- Finance, Telecommunications
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Kenya to Employ Mobile Money to Fight Tax Evasion
Kenya has introduced a new policy aimed at using mobile money to curb tax evasion in that country.
- Categories
- Finance, Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Diaspora Remittances Now Kenya’s Largest Foreign Exchange Earner
Kenya is now earning more foreign exchange from diaspora remittances than each of its major exports.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Avanse Financial Bags $98.3 Million Funding From Kedaara Capital
Avanse will use the funds to expand its presence and offer more credit to Indian students.
- Region
- Asia Pacific
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Press Release: USAID Announces Four New Public-Private Partnerships Under the Digital Invest Program to Support Digital Finance and Internet Service Providers
This year, USAID will launch the following new partnerships, expanding and diversifying the Digital Invest portfolio.
- Categories
- Finance, Technology
- Region
- Global