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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
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- Uncategorized
- Region
- South Asia
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Mumbai’s dream of becoming an international financial center may soon be a reality
Other centres in Asia may be losing their shine—Dubai is surrounded by geopolitical chaos and Singapore is apparently turning less attractive to expatriate workers due to slowing economic growth—marking an opportunity for Mumbai to aspire to that regional position.
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- Uncategorized
- Region
- South Asia
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Equity says 200,000 have signed up for its mobile money platform in Kenya
EQUITY Bank yesterday said it has “quietly” registered over 200,000 customers on its mobile money transfer platform, Equitel, in the ongoing rollout.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Four ways to build an ecosystem to support business in low-income markets: How the Philippines is crafting a model worth replicating
The Philippines has proven itself an excellent example of a nation’s capacity to support ecosystem development, a model that could well be replicated in many countries. As UNDP looks to replicate the success of its country-level collaboration through the Business Call to Action Initiative in the Philippines, it is establishing a collaboration with the William Davidson Institute as part of the BoP Roadmap Initiative.
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Social Entrepreneurs Compete For More Than $3M In Skoll Challenge
The Skoll Foundation just kicked off its second annual Social Entrepreneurs Challenge. Open to its 87 awardees, 68 are participating. The competition is taking the form of a crowd-funding campaign, using the services of CrowdRise, which has a fundraising platform for nonprofits.
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- Uncategorized
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