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Tech Mahindra Is the Third Entity to Drop Its Payments Bank Plan in India
Mahindras on Tuesday became the third entity to drop out of the payments bank race, saying business profitability would take longer time due to “aggressive posturing” by many deep-pocketed players.
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- Sub-Saharan Africa
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Can Cash Lead the Revolution That the Humanitarian System So Badly Needs?
Recently, in a Liberian refugee camp, I met Christelle, a young mother who was recovering from the violence and insecurity in her home country of Côte d'Ivoire. In our discussions, she didn`t want to talk about her needs for shelter, psychosocial support, or the any of the humanitarian challenges I had come prepared to discuss. Instead, Christelle spoke of the unfamiliar food she had been given during an aid distribution, and the lack of options to feed her children. “My children are getting sick. I don’t know how to cook this, I need rice - please,” she said.
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John Edwardson Gives $5 Million to Enhance Chicago Booth’s Social Entrepreneurship Program
University of Chicago Trustee and Chicago Booth alumnus John Edwardson has given an additional $5 million gift to his alma mater to support and expand its program for social entrepreneurs, which is part of Chicago Booth’s Social Enterprise Initiative. The newly established program will be called the Edwardson Social Entrepreneurship Program.
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- philanthropy
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Tata Trusts Inks Pact With The/Nudge Foundation
Tata Trusts and The/Nudge Foundation, a Bangalore-based non-profit working on poverty alleviation at scale on Tuesday inked a pact which will help the foundation to innovate on their flagship 'Programme in Life Management' in their Gurukuls, build the team needed to scale pan-India and gear up for a growth target of 7X in 2016-17.
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- South Asia
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Report: Microfinance Institution Gross Loan Portfolio Grows 84% In Q4 in India
Microfinance institutions saw their aggregate gross loan portfolio grow 85 per cent year-on-year to Rs 53,233 crore in the fourth quarter of 2015-16, an industry study said on Wednesday.
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- South Asia
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World Bank Approves US$200 Million Credit to Support Ethiopia’s Small and Medium Enterprises
The World Bank Board of Executive Directors today approved a US$200 million International Development Association (IDA)* credit to support the growth and development of Small and Medium Enterprises (SMEs) in Ethiopia.
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- Region
- Sub-Saharan Africa
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MTN & EcoCash launch sub-Saharan Africa’s first operator-to-operator cross-border remittance channel
EcoCash and MTN Zambia officially unveiled a remittance partnership that will enable MTN customers in Zimbabwe’s northern neighbor to send money into the country via the mobile platform MTN Money Wallet.
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- Uncategorized
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- Sub-Saharan Africa
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MasterCard Commits Up to $1 Million to Advance Financial Inclusion in Rwanda
The MasterCard Centre for Inclusive Growth has committed up to $1 million over the next three years in order to advance economic growth and financial inclusion in Rwanda. The funds will be used to deliver a holistic mix of tools and resources, providing an opportunity to connect micro-entrepreneurs in Rwanda to the formal economy. This will help them to expand their business.
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- Uncategorized
- Region
- Sub-Saharan Africa