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Ghana’s Fidelity Bank inaugurates agency banking
Fidelity Bank has inaugurated its new banking model, known as Fidelity Agency banking, which allows the bank to use shops and supermarkets as bank agents, called as Fidelity Smart Agents.
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- Uncategorized
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Ministry’s scepticism, Aadhaar issues hang over Nachiket Mor financial inclusion plan in India
The finance ministry has questioned the practicality of some recommendations made by a panel formed by the Reserve Bank of India (RBI) to promote financial inclusion, including a 1 January 2016 deadline it has set for making an Aadhaar-linked bank account available to every adult Indian.
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Mobile network operators team up in Sri Lanka to provide mobile money to 60% of population
Etisalat joined Dialog’s eZ Cash mobile money platform on Monday, enabling a combined subscriber base of 12.7 million —over 60% of the country’s population— to enjoy ‘seamless and convenient mobile money services’ that lets them deposit, send or receive money and pay utility bills, insurance premia and engage in other transactions.
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Central Bank of Nigeria gives room for microfinance bank mergers and acquisitions
There is an expectation of stronger microfinance banks (MFBs) in the country if the micro institutions that could not meet with their recapitalisation requirements, successfully engage and conclude with mergers and acquisition as they are directed by the Central Bank of Nigeria (CBN).
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Bitcoins are property, not currency, for tax purposes, says U.S. government
Wading into a murky tax question for the digital age, the U.S. Internal Revenue Service said on Tuesday that bitcoins and other virtual currencies are to be treated, for tax purposes, as property and not as currency.
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Why Insurers are Looking to Kenya’s Low-Income Earners for New Business
Low-income earners have traditionally been underserved when it comes to being provided with avenues to manage the risks they face every day.
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- Region
- Sub-Saharan Africa
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OPINION: India’s Mor Report on Financial Inclusion Doesn’t Focus Enough on Expanding Access to Credit
The Committee on Comprehensive Financial Services for Small Businesses and Low-Income Households (the Nachiket Mor Committee on financial inclusion) has delivered a detailed report in a very short time.
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- Region
- South Asia
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Mining Local, Sourcing Local: Why companies that take proactive steps to utilize local suppliers will have the edge
From Canada’s far north to Sub-Saharan Africa, citizens who live around mining operations want to see benefits in the form of jobs, tax revenue, and economic development. The companies that increase the amount of local goods and services they purchase will both benefit economically and benefit the community.
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- Uncategorized
- Tags
- mining, supply chains
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