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Nigerian President Goodluck Jonathan Promises to Revive the Country’s Microcredit Sector If He wins Re-Election
President Goodluck Jonathan yesterday promised to revive the micro-credit sector of the economy if he wins the February 14, 2015 election.
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- Uncategorized
- Region
- Sub-Saharan Africa
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- public policy
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Barack Obama Commends India’s Financial Inclusion Drive, Calls for Greater Voice for the Country in IMF
US President Barack Obama Sunday affirmed his commitment to enhancing India's 'voice and vote' in global financial institutions like IMF.
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- Region
- South Asia
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Nigerian Smart Card Plant Supports Expansion of Financial Services to Poor
Responding to banks’ efforts to reach out to people who do not typically use financial services, Nigerian President Goodluck Jonathan this week inaugurated the first Europay, MasterCard and Visa (EMV) certified smart card manufacturing plant in sub-Saharan Africa.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Viewpoint: After Some Teething Troubles, Frugal Innovation Is On the Rise
Victor Hugo once said that “nothing can stop an idea whose time has come”. He failed to add that a lousy product launch can delay it. In the first decade of this century it seemed that frugal innovation’s time had indeed arrived: to meet surging demand from new consumers in emerging economies, innovative firms in those countries were stripping products of their fripperies and cutting their cost drastically. The new world had at last produced a big, new management idea.
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Card Payments Drop as Mobile Money Use Grows in Kenya
Payments made using plastic cards dipped by a fifth in 11 months to November last year as mobile phone-based payments ate into commercial banks’ business.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Bill and Melinda Gates Want to Fix Another Messy Global Problem: Banking
Bill and Melinda Gates have taken on some of the world’s messiest problems, funding projects to improve the design of toilets and condoms and even create urine-powered fuel cells. Now, in their annual letter published today, they’re outlining ambitions to tackle another messy sector: banking.
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Opinion: Does the GSMA Code of Conduct for Mobile Money Providers Go Far Enough to Protect Consumers?
The recently launched GSM Association Code of Conduct for Mobile Money Providers is a welcome initiative. There is increasing recognition of the economic benefits that digital financial services can bring, along with an understanding that achieving ambitious financial inclusion targets may well depend on their rapid rollout. Such targets are being proposed by the World Bank, under the Maya Declaration and in other forums.
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PRESS RELEASE: AfDB and Mastercard Seek to Broaden Financial Inclusion in Africa Through Digital Finance
On Thursday, January 22 in Davos, Switzerland, the African Development Bank (AfDB) and MasterCard announced a broad collaboration that aims to expand financial inclusion across the African continent. The collaboration seeks to develop solutions that drive inclusive growth in Africa by broadening access and usage of digital financial services.
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- Uncategorized
- Region
- Sub-Saharan Africa
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