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World Bank gives $1.4 mn in grants to 12 social enterprises in the Northeast
The World Bank's Development Marketplace, a competitive grants programme, has given grants worth $1.4 million (about Rs 8.4 crore) to 12 social enterprises in the northeastern states of Assam, Meghalaya and Mizoram for development activities.
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Woori to buy Cambodian microfinance institution
Woori Bank has decided to acquire Cambodia’s microfinance institution Malis Finance for 5 billion won ($4.9 million) to accelerate its global expansion.
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‘Mobile money, Bitcoin driving down African remittance costs’
Mobile money and digital currencies are being used to boost remittances into Africa and drive down the cost of sending money to the continent, experts said on Wednesday.
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- Sub-Saharan Africa
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Myanmar: Adjusting for growth in the financial sector
Authorities in Myanmar are determined to foster economic progress and have placed financial inclusion on their list of priorities.
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Featured Event – SEEP 2014 Conference : Scaling Impact in Inclusive Market Systems
The SEEP Network’s 2014 Annual Conference will serve as a platform to promote learning and exchange around proven and emerging approaches, strategies and models for reaching substantial numbers of poor and vulnerable populations on a sustainable basis. The conference will explore scalable solutions that involve inclusive business models, private sector partnerships, technology applications, and new investment and financing models.
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- scale
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Xpress Money Joins Hands with Safaricom to Boost Mobile Remittances in Kenya
Xpress Money, the world's most dependable money transfer brand, today announced its tie up with Safaricom to offer money transfer services on the latter's popular M-PESA platform in Kenya.
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How to manage all your financial affairs from a $20 mobile phone
“I feel like a caveman who’s just been handed a Bic lighter,” reported Charles Graeber, a writer for Bloomberg Businessweek who recently went to Nairobi to check out M-Pesa, Kenya’s dominant mobile-money provider.
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Nigeria: Stakeholders Raise Concern Over Slow Adoption of Mobile Money
Stakeholders at the ongoing Card, ATM and Mobile Expo, which opened in Lagos on Tuesday, have raised concern over the slow adoption of the mobile money payment system in the country.
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- Uncategorized
- Region
- Sub-Saharan Africa
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