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Nigeria: 100 Million Entrepreneurial Lifelines – Elumelu Foundation Expresses Shock At Women’s Poor Response
Chairman of United Bank for Africa (UBA) Plc. and Founder of Tony Elumelu Foundation, Mr. Tony Elumelu has expressed disappointment with what he described as Nigerian women entrepreneurs' poor response to the $100 million lifeline provided by the Foundation's Africa capitalism Institute for entrepreneurs to boost industrialization in Nigeria.
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- Sub-Saharan Africa
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Postal Bank Wins Government Backing in India
The government is looking to take the legislative route by next month to finalise the setting up of the Postal Bank of India and will soon approach the RBI to consider the postal department's application for a banking licence.
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- Region
- South Asia
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Twitter Top Ten 1-11-15
We returned from the holidays last week, and so did many of you - at least if Twitter is any indicator. Not that Twitter ever sleeps, but it can sometimes seem like it takes a nap or two during the holiday period.
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Microcapital Brief: Investview Acquires Gate Global Impact, Gateway 2.0 Will Continue to Link Social Enterprises, Funders
Gate Global Impact (GGI), a US-based, regulatory-compliant electronic marketplace that focuses on impact investing, has been acquired by Investview, another US-based financial services company [1]. As part of the deal, Investview has also acquired GGI’s Gateway 2.0, a website that enables small and medium-sized enterprises (SMEs) listed on the United Nation’s Global Compact Social Enterprise Hub to access financing for projects intended to produce a financial return while addressing challenges relating to “human rights, labor, environment and anti-corruption.” Investview intends to continue operating the platform through GGI. Mr Vincent Molinari, the chief executive officer of GGI, and Mr Joseph Latona, president of GGI, will join Investview. The financial details of the deal have not been made public.
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- impact investing
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Viewpoint: Dirty Money and Development
Dirty money—MNCs’ undeclared profits, the proceeds of corruption, etc.—can play a large role in ending poverty.
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Announcing the Most-Influential Post of 2014
Our most-influential post of the year, as voted by our readers, was by a first-time NextBillion contributor in 2014. One might be tempted to declare beginner’s luck, but not in this case.
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Community Foundations Embrace Impact Investing
A small, but growing, number of community foundations are starting to embrace impact investing in a big way.
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- Uncategorized
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- impact investing, lending
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Lok Capital aims to raise $45 million fund by June
MUMBAI: Lok Capital, the Rockefeller Foundation-backed impact investor, aims to raise $45 million (about Rs 270 crore) by June as part of the initial close of its third India-focused fund. Lok Fund III, announced a couple of months ago, has a final target corpus of $100 million and expects to raise capital commitments from development financial institutions such as International Finance Corporation (IFC), Proparco and CDC Group.
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- Uncategorized
- Region
- South Asia
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