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OPINION: Bitcoin: A Ponzi Scheme for Redistributing Wealth From One Libertarian to Another
If Bitcoin were a currency, it'd be the worst-performing one in the world, worse even than the Russian ruble.
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Helios Investment Partners raises US $1 billion African investment fund
Pan-African private investment firm Helios Investment Partners has raised over US$1 billion for a third Africa-focused fund, with the firm claiming the fund is the largest in existence dedicated to African private equity.
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- Uncategorized
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- Sub-Saharan Africa
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Magnetizing Entrepreneurs, Investors and Mentors: The Inclusive Business Accelerator aspires to be a hub for dealmaking (and much more)
Earlier this month, a new online magnet to attract entrepreneurs, investors and would-be mentors focused on base of the pyramid enterprises and opportunities began in earnest. The Inclusive Business Accelerator (IBA), created through a partnership a between the BoP Innovation Center (BoPInc), SNV and VC4Africa, opened for business - the business being that of connecting the startups with the money and the know-how that they need to be successful.
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Absolute Portfolio Management Invests $8.5m in Microfinance Institutions in Cambodia, Costa Rica, Ecuador, Peru
Absolute Portfolio Management (APM), an arm of Austria-based asset management group C-Quadrat, recently informed MicroCapital that it disbursed credits totaling the approximate equivalent of USD 8.5 million from its two Vision Microfinance funds, the Dual Return Fund-Vision Microfinance and the Dual Return Fund-Vision Microfinance Local Currency, to unspecified microfinance institutions (MFIs) in Cambodia, Costa Rica, Ecuador and Peru.
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- Latin America
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Kenya Warned of Risks of Cybercrime Targeting Online and Mobile Banking
Global security services provider Kaspersky Lab has presented an overview of general threats in 2015, as well as that which is expected to dominate Kenya's threat landscape. The Company explains why there can be no respite for being vigilant.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Etisalat Partners with Firstbank to Provide Mobile Money in Nigeria
In a partnership which industry watchers hailed as capable of entrenching financial inclusion and lead innovation in mobile payment systems, Etisalat Nigeria and FirstBank have teamed up to provide Firstmonie on the Etisalat Easywallet SIM application solution.
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- Uncategorized
- Region
- Sub-Saharan Africa
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End in Sight for World Bank’s Controversial Reforms
In an internal email to staff distributed Tuesday, World Bank President Jim Yong Kim set an end date for his reform agenda and announced that the global financial institution will provide more open-ended contracts for its employees — part of a new framework that supports the career development of staff.
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- employment
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Asian Development Bank Commits to $1.5b in Loans for Indonesia’s Infrastructure Development
The Asian Development Bank pledged its support for Indonesia’s development plan and is committed to disburse at least $1.5 billion in loans to the country to help fund various infrastructure projects, the multilateral lender’s president said on Tuesday.
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- Uncategorized
- Region
- Asia Pacific
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