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Press Release: Global Community Steps up With $93 Billion Support Package To Boost Resilient Recovery in World’s Poorest Countries
The World Bank today announced a $93 billion replenishment package of the International Development Association (IDA) to help low-income countries respond to the COVID-19 crisis and build a greener, more resilient, and inclusive future.
- Categories
- Coronavirus, Finance
- Region
- Global
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Family Bank Commits $53.1 Million to Finance Agribusiness
Family Bank has announced that it will release Ksh. 6 billion to be extended as affordable credit to agribusinesses across 17 counties through the USAID’s Pay for Performance initiative under the Kenya Investment Mechanism program.
- Categories
- Agriculture, Finance
- Region
- Sub-Saharan Africa
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Vote for NextBillion’s Most Influential Article of 2021
As an open forum for emerging markets business, NextBillion publishes around 150 original, guest-written articles per year, covering enterprises, innovations, challenges and opportunities across multiple sectors and geographies. Each December we select the 12 most-read articles of the past year to include in our "Most Influential Article of the Year" contest. We invite you to vote for the article that impacted you the most in 2021. You can vote up to one time per hour during the two-week voting period, which runs from Dec. 20 to Jan. 2.
- Categories
- Agriculture, Coronavirus, Energy, Finance, Impact Assessment, Investing, Technology
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Brazilian Consumer Credit Startup Open Co Raises $115m in SoftBank-led Round
Open Co, a São Paulo-based consumer credit company, announced today that it has raised $115 million in a round led by SoftBank Latin America Fund.
- Categories
- Finance
- Region
- Latin America
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Santander to Invest $6 Billion in Digital Transformation in Latin America
Spain’s Santander will invest around $6 billion between 2022 and 2024 to promote digital transformation of its Latin American operations.
- Categories
- Finance, Technology
- Region
- Latin America
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Accelerating Digital Transformation: Why Technology is the Key to Eliminating the MSME Finance Gap in Emerging Markets
According to the IFC, micro, small and medium enterprises (MSMEs) in emerging markets face a finance gap of $5.2 trillion every year. Since MSMEs are responsible for 70% of job opportunities in these countries, this gap must be addressed. According to Brian Pallas at Opportunity Network, that’s where digital technologies can offer a solution. He explores how emerging innovations offer alternative, tech-enabled means of financing for MSMEs, and how business leaders and policymakers can support these enterprises' digital transformation.
- Categories
- Finance, Technology
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Bhub Secures $20 Million to Become LatAm Companies’ Back-Office Administrator
BHub announced Tuesday that it took in a new round of capital just three months after receiving $4.4 million in pre-seed investment to offer full back-office SaaS for small and medium businesses in Latin America.
- Categories
- Finance
- Region
- Latin America
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Visa and Belvo Combine Efforts To Develop New Open Finance Capabilities in LataAm
Belvo, the open finance API platform in Latin America has partnered with Visa, the global paytech, to drive open finance in the region. The announcement follows Visa’s investment in Belvo’s Series A funding round which saw $43million raised.
- Categories
- Finance
- Region
- Latin America