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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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- Uncategorized
- Tags
- 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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Credit for the People, by the People: Three pathways to smarter financial inclusion
With the digitization of finance, lenders now have an unforgiving memory of poor people´s formal debt repayments, while knowing little else of any real significance about them. According to Ignacio Mas and David Porteous, this can become the basis for financial exclusion, denying even responsible borrowers access to credit. They propose some alternative pathways to financial inclusion in a new paper.
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PRESS RELEASE: Asian Development Bank Loans $200m to Yes Bank of India to Fund Women’s Self-Help Groups, Small Farmers
The Asian Development Bank (ADB), a multilateral development finance institution based in the Philippines, has recently approved a loan of up to USD 200 million to Yes Bank Limited, an Indian commercial bank based in Mumbai. The loan will be on-lent to “2.5 million rural, low income women”[1] who are members of self-help groups and “up to 37,000 small-scale farmers”[1] working in rural areas of the country. The loan agreement also includes a provision for USD 1 million to be used for technical assistance for capacity building, including financial literacy training and product development.
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- Uncategorized
- Region
- South Asia
- Tags
- lending, microfinance
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96% of Financial Pros Say Industry Has a Trust Problem
Financial services providers agreed almost unanimously that the public doesn’t trust the industry, and they appear to be shouldering most of the responsibility for that lack of trust.
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- Uncategorized
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28 Philanthropy Issues to Watch in 2015
As the New Year gets underway, we could conjure up a list of "top trends" in philanthropy for 2015 or make a bunch of predictions that we would probably regret twelve months from now, along with all the junk we ate over the holidays.
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- Uncategorized
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