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Banking Africa’s Unbanked Population is Not the Solution to Improved Inclusion
Banking Africa’s unbanked population–adults who don’t use formal banks or semi-formal microfinance institutions to save or borrow money–may not be the solution to providing wider access to financial products and services.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Central Bank of Nigeria to Establish Regulatory Council for Islamic Finance
The CBN said, “An essential governance structure and element of regulatory oversight for institutions offering non-interest (Islamic) financial services is the establishment of an advisory body at the level of the Central Bank to provide assurance that the strategic direction and conduct of financial transactions of Non-Interest (Islamic) Financial Institutions (NIFIs) are in compliance with the rules and principles underpinning their operations.
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- Uncategorized
- Region
- Sub-Saharan Africa
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- regulations
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Safaricom Will Reduce Investment if Kenyan Regulators Move to Limit Its Dominance
Safaricom Ltd. will cut its planned $400 million investment in East Africa’s biggest economy this year if Kenyan regulators impose penalties on the wireless carrier to limit its market dominance, its chief executive officer said.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Nigeria’s Next Challenge: Bank Us Please
Like any other country, Nigeria has its problems. However, Nigeria perched now as Africa’s “Golden Child” with a GDP of $510 billion, ballooning past South Africa who has numerous economic challenges ahead.
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- Uncategorized
- Region
- Sub-Saharan Africa
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A Chance to Fly
Emerging markets used to be a beacon of hope in the world economy, but now they are more often a source of gloom. China’s economy is slowing. Brazil is mired in stagflation. Russia is in recession, battered by Western sanctions and the slump in the oil price; South Africa is plagued by inefficiency and corruption. Amid the disappointment one big emerging market stands out: India.
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- Uncategorized
- Region
- South Asia
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- impact investing
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Viewpoint: The Problem with Crowdfunding: It Doesn’t Help the Needy Crowd
I’m not a fan of crowdfunding for the celebrity cause of the moment. The Internet has made it so much easier for people to pony up money for any person or family whose story gets picked up — by social media, newspapers, network and cable shows — that it has become trendy to give.
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Good for You, David Brooks: Now, could I please have Thomas Friedman’s phone number?
It’s great that New York Times Columnist David Brooks recently helped catapult impact investing into mainstream consciousness. But to move the impact investing space forward, we will have to look beyond the mainstream to challenge the boundaries of what we’d previously imagined was possible.
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- Uncategorized
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The Role of Skills-based Volunteering in Global Development
In 2014, MovingWorlds placed 79 "Experteers" in 32 countries, donating nearly 7,200 hours (or 899 work days) of their professional time, writes co-founder Derk Norde. By fostering more connections and knowledge exchange between social impact organizations and professionals looking to donate their skills abroad, he says, it’s possible to truly accelerate global development.
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- Uncategorized
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