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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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- mining, supply chains
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Mobile money platform backs ‘Yolanda’ recovery efforts in the Philippines
Mobile money is playing an increasing role in disaster recovery efforts as shown by the initial projects undertaken in the aftermath of Typhoon Yolanda. This development has caught the interest of relief agencies of the United Nations, as well as other international humanitarian agencies, who are studying the experience of the Philippines in disaster response.
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Teasy combines NFC and biometrics for payments in Nigeria
Nigerian mobile payments provider Teasy Mobile is to equip its mobile money agents with POS terminals that use biometric technology to verify a consumer and NFC to allow them to make a payment.
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Saving Nigeria’s micro-finance banking sector
The recent approval of the liquidation of 83 micro-finance banks (MFBs) by the Central Bank of Nigeria (CBN) is bad news from the banking sector. It is worrisome that as many as 83 of these institutions are going under, barely four years after 224 of them were declared insolvent in 2010, with attendant negative implications for depositors’ funds.
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“Early-stage investments harder to make” says Omidyar Network’s Bannick
Omidyar Network, the Redwood City, California-based impact investment firm, will allocate $30 million this year across sectors as it looks to pick ventures that cater both to the bottom-of-the-pyramid population as well as the swelling aspirational class in India.
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- Uncategorized
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- impact investing
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