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Lumkani is going to Silicon Valley, wins $50k social entrepreneurship prize
Lumkani Fire Detection has won the South African leg of Chivas Regal’s Win the Right Way competition — a global initiative that sets out to find and support the world’s top social entrepreneurs.The Cape Town-based startup has developed an early-warning fire detection system for dense settlements. The small fire detection device consists of heat detectors that send an SMS with GPS locations to community leaders and the local fire department in times of danger.
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- Uncategorized
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Viewpoint: The Rise of the Social Entrepreneurs Is Egypt’s Silent Revolution
Tuning in to news channels, browsing through social media sites, or engaging in a chit-chat with one of Egypt's ever-so talkative taxi drivers can leave even the biggest optimist heavy-hearted. High illiteracy rates in Egypt's primary and middle schools, blood-covered hospital beds shared by multiple patients, and increased suicide rates among men unable to provide for their families are tragically common and familiar headlines. While the core of our economic and social problems have long been recognized, very little has been done to address them.
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- Uncategorized
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- North Africa & Near East
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Bitcoin Startups Bring ‘Rebittance’ Service to Argentina and Mexico
Bitcoin startups Volabit and SatoshiTango have opened a money transfer service between their respective countries through a collaboration called Coinnect.
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- Uncategorized
- Region
- Latin America
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World Bank to boost India’s MSME sector through $500 million loan
The World Bank on Monday approved a $500 million loan for the MSME Growth Innovation and Inclusive Finance Project to improve access to finance for Micro, Small and Medium Enterprises (MSMEs) working in the manufacturing and services sector at an early stage.
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- Uncategorized
- Region
- South Asia
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Europeans Selling Mobile Payments Should Ask Africa for Help
As telecommunications carriers in Europe seek a share of the billions of dollars likely to flow to companies that build mobile-payment systems, Claudio Chiche has a few words of advice: Ask Africa for help.
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- Uncategorized
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- Sub-Saharan Africa
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Hong Kong social enterprises should aim to turn over HK$10b a year
The government has been urged to set financial targets for social enterprises as it prepares to pour more money into businesses dedicated to improving people's lives and the environment.
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- Uncategorized
- Region
- South Asia
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PRESS RELEASE: Deutsche Bank Marks Milestone for USD $83 Million Microfinance Fund
The Fund reached 5.5 million low-income and rural borrowers in 15 countries
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- Uncategorized
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- lending, microfinance
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Bitcoin Takes a Step Into the Microfinance World
Stellar, the cryptocurrency-based payments system launched last year by Jed McCaleb, announced a partnership with banking-software company Oradian to use Stellar platform in its core banking software for microfinance institutions.
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- Uncategorized
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- microfinance
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