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KKR To Invest $200m In Ethiopian Flower Business
VENTURES AFRICA – New-York based global private equity company; KKR & Co. has expressed interest in buying a percentage of leading Ethiopian flower company, Afriflora which grows about 730 million flowers for export yearly.
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- South Asia
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- impact investing
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Why the Michael and Susan Dell Foundation is Investing in This Indian Lender
This spring, the Michael & Susan Dell Foundation invested $500,000 in IntelleGrow, an Indian company that provides customized debt finance to small and growing businesses in India to support small- and medium-enterprise (SME) startups.
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OPINION: Mobile Money Services – Not Mobile Wallets – Will Lead To Financial Inclusion in India
Mobile wallet services have been around for quite some time now and have gained considerable traction. However, the broader genre of mobile money services are yet to etch a mark.
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Over 70% of micro enterprises in Nigeria lack insurance protection, group raises alarm
A civil society organisation, Transparent Protection Limited (TPL), on Monday, in Abuja, raised the alarm that over 70 percent of micro enterprises in the country did not have any form of insurance.
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Grameen America Scales Microlending Model Across the U.S. with Launch of Microfinance Training Institute in Queens
Grameen America, a nonprofit microfinance organization offering microloans, training and support to help women in poverty build small businesses, today announced the launch of the first U.S. Training Institute for microfinance with the support of longstanding partner Capital One.
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M-SHWARI LAUNCHES A FIXED DEPOSIT ACCOUNT DUBBED LOCK
Commercial Bank of Africa (CBA) and Safaricom’s paperless banking service M-shwari has today launched a fixed deposit savings account dubbed “Lock Savings Account”, the first of its kind in the mobile money space aimed at helping Kenyans an opportunity to save for a specific purpose.
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NexThought Monday – Financial Innovation Moves Away from the Dark Side
After innovations like subprime securities helped crash the global economy in 2008, former U.S. Federal Reserve Chairman Paul Volcker famously asserted that the only financial innovation that has improved society is the ATM machine. It’s an opinion that many still share - but the recent EMERGE conference showed otherwise. We explore six ways the U.S. financial industry is innovating to actually help low-income consumers.
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Unbanked and cashless: why mobile wallets like M-Pesa are focusing on eastern Europe
Banks in Europe are rolling out mobile wallets and peer-to-peer payment apps originally developed for Africa in a bid to offer banking services to millions of eastern Europeans who are "unbanked."
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