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Uganda: Central Bank to Investigate MTN
Bank of Uganda (BoU) officials are planning a major investigation into MTN Mobile Money dealings following an expose by The Independent.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Equity Bank MVNO Moves in on Kenya’s Mobile Money Market
Mobile virtual number operator Finserve Africa Limited (trading as Equitel) has made its mark in the Kenyan mobile money market, overtaking veterans such as Orange Money during October and December of last year.
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- Uncategorized
- Region
- Sub-Saharan Africa
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No Distance Left to Run: India Post Shutters the Traditional Money Order Service
As Bob Dylan would croak, “oh the times they are-a changing”. India Post is quietly retiring its traditional money order service which facilitated pan-India door-delivery of funds to a payee from over 155,000 post offices, reports IANS. Shikha Mathur Kumar, the deputy director general for finance confirmed to the publication and added that India Post will be pushing the electronic money orders (eMO) and instant money orders (iMO).
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- Uncategorized
- Region
- South Asia
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How to Stop Worrying and Love the Asian Infrastructure Investment Bank
China launched the Asian Infrastructure Investment Bank (AIIB) in October of 2014 and has met with nothing but opposition from the United States. Officially, the objection cited by the United States is a lack of clarity about AIIB’s governance, as well as concerns about whether the AIIB will adhere to strict environmental and labor standards in its operations. It is clear, however, that U.S. opposition also derives from fears that the AIIB — spearheaded by China and part of China’s “New Silk Road” strategy — will diminish U.S. leadership in the region.
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- Uncategorized
- Region
- South Asia
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Reserve Bank of India to Hike Limits for Priority Sector Lending, Allow Inter-Bank Bond Investments
Indian banking regulator has proposed to hike the eligibility criteria to classify a loan as priority sector lending (PSL) which is expected to particularly boost microfinance institutions (MFIs) in the country.
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- Uncategorized
- Region
- South Asia
- Tags
- lending, microfinance
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10 Impact Investors in India That You Should Know
Out of the total 1.3 billion population in India, around 80 per cent are living in poverty. There are some companies in India — both in the tech and no-tech segments — helping this large segment to address various problems related to irrigation, lending, travel, education, etc., by providing cost-effective solutions. These impact ventures are getting financial assistance in the form of grants or funds from various investment firms, called Impact investors.
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- Uncategorized
- Region
- South Asia
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Could Your Facebook Profile Get You a Mortgage?
In the developing world, using people's social graph to determine creditworthiness is opening up billions of new people to the benefits of credit—and a chance at the middle class.
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- Uncategorized
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Weekly Roundup – Blurred Lines in Social Enterprise: All fine or time to worry?
The Kennedy School, more associated with global diplomacy and international policy than business development, says creating a social enterprise incubator will help aspiring student social entrepreneurs with academic and financial support. Another example of multiple worlds blending, is the recent announcement that CARE USA CEO Dr. Helene Gayle will be the first chief executive of the newly-formed McKinsey Social Initiative, a nonprofit consultancy.
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- Uncategorized
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