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The Citi Foundation Helps India Prepare to Be World’s Youngest Population By 2020
Last year, Prime Minister Modi of India launched an ambitious project that aims to train over 400 million young people in different skills by 2022. The initiative is called ‘Skill India’, with the tagline - 'Kaushal Bharat, Kushal Bharat', which means ‘Skilled India, Successful India.’ Today, every third person in an Indian city is a youth. In about four years, the average-aged person will be 29 years old and very likely a city-dweller, making India the youngest country in the world by then. India is set to experience a dynamic transformation as the population burden of the past turns into a demographic dividend, but the benefits will be tempered with social and regional inequalities.
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- South Asia
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Over 70% of Accounts Opened Under India’s Jan Dhan Financial Inclusion Drive Are Now Active
More than seven out of every 10 bank accounts opened for the unbanked, mainly for direct transfer of benefits, are seeing transactions, data showed.
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- South Asia
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NexThought Monday – What Stands Between Women and Full Financial Inclusion?
Opening a bank account – as more than 200 million people have done since India's financial inclusion push – is an important first step toward empowerment. But simply having an account is not enough; many women in India own bank accounts but lack full freedom to use them.
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More phones, few banks and years of instability are transforming Somalia to a cashless society
In the streets of Mogadishu, the future has arrived: cash is disappearing, credit cards are unnecessary, and daily shopping is speedy and digital.
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- Sub-Saharan Africa
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China’s top five banks offer free mobile money transferring service
China's five biggest lenders announced to waive fees for money transfer services through mobile banking system and give a free allowance of 5,000 yuan via online banking transfers starting from today.
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- Asia Pacific
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- mobile finance
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Is more funding the answer to Pakistan’s struggling microfinance sector?
Microfinance is a booming industry in neighbouring India and Bangladesh, but has had a slower rise in Pakistan.
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- South Asia
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The ‘Bank Of Bill Gates’ Enters a New Era
Bill Gates doesn’t like to dither. Just seven years after his philanthropic Bill And Melinda Gates Foundation cofounded an organization committed to the financial inclusion of the world’s 2.5 billion unbanked people, it now stands on its own, independent of any government and self-reliant for core funding.
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Viewpoint: What is Driving Africa’s Low Insurance Coverage?
It has been established that only about five per cent to six per cent of Africa’s estimated 800 million people, excluding South Africa, has access to insurance services.
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- Uncategorized
- Region
- Sub-Saharan Africa
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- insurance
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