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India’s financial inclusion scheme progressing ahead of schedule
At the current pace, it's a matter of days before bank employees help the government scale the target of opening 7.5 crore bank accounts under the financial inclusion scheme launched on August 29.
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- Uncategorized
- Region
- South Asia
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A chocolate factory with a higher purpose
When Shawn Askinosie left a successful law career and founded his bean-to-bar chocolate company in 2006, he set out to make a prize-winning product while helping developing-world farmers and their communities. Today he practices direct trade, meeting face-to-face with farmers to buy their cacao beans at above fair trade prices. And he returns each year to share 10 percent of his profits as well.
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- Uncategorized
- Region
- Sub-Saharan Africa
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An IPO at the Base of the Pyramid?
Some say D.light could be one of the first base-of-the-pyramid IPOs to offer shares on a major stock market.
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- Uncategorized
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Tanzania: CRDB, European Bank Sign Landmark Sh43 Billion Deal to Support Small Businesses
CRDB Bank and European Investment Bank (EIB) have signed a landmark 20 million Euros (about Sh 43 billion) agreement to support small scale businesses.
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- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- microfinance
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Survey: Banking growth has not boosted savings in South Africa
The number of banked South Africans has grown to 27.4 million over the past ten years, or about 75% of the total adult population. But this increase has not translated into a higher incidence of saving, with only 20% of banked adult South Africans saving either in banks or non-bank financial institutions.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Germany’s GIZ looks to break Islamic microfinance shortfall
A series of German-funded studies and pilot projects aims to bridge the gap between Islamic finance and microcredit, to the benefit of communities in developing countries which remain on the fringes of the financial industry.
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- Uncategorized
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Safaricom of Kenya Braces for Competition on Key Cash Earner
Safaricom Ltd., East Africa’s biggest cellular-network operator, is bracing for competition in its key mobile-money business that helped boost first-half profit by 30 percent, CEO Bob Collymore said.
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- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- mobile finance
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Indian start-up to enable bank transactions via kirana stores
Novopay uses Aadhaar biometric scanner for dealings
- Categories
- Uncategorized
- Region
- South Asia
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