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Chivas Regal unveils $1 million global social enterprise finalists
About 30 of the brightest startups from across the globe were unveiled at the Skoll Centre, University of Oxford, as finalists of the Chivas Venture, a global search to discover and reward the world’s most promising social entrepreneurs. Each finalist, including James, Co-Founder of I-Drop Water from South Africa will travel to Los Angeles in July 2017 to compete for a share of $1 million to make their dream of creating a better future for the world a reality.
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- Uncategorized
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World Bank approves $450m for banking, financial access in Pakistan
The World Bank has approved a package of measures worth $450 million aimed at expanding banking services and financial access in Pakistan. The ‘Finance for Growth Development Policy’ (FGDP) is a policy credit of $300 million to support the government’s efforts in promoting a more inclusive and transparent financial sector, the World Bank country office in Islamabad announced on Thursday.
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- Uncategorized
- Region
- North Africa & Near East
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Crowdfunding the solution for SMEs in South Africa?
In 2015, the South African Institute of Chartered Accountants (Saica) published the Small and Medium Enterprises (SMEs) Insights Report. The report provided meaningful insight into the depressed economic environment stifling SME growth and explored ways to improve opportunities for SMEs in South Africa.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Impact Assessment Reveals Visa’s Public-Private Partnership Boosts Financial Inclusion in Rwanda
The assessment concluded that this public-private partnership demonstrated a new model for doing business in emerging markets, which laid the groundwork for enhanced financial inclusion in the country.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Will Move to Cap Microfinance Interest Rates Backfire in Cambodia?
Some analysts say the move is unlikely to help reduce poverty, and could throw the country’s microfinance system into disarray.
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- Uncategorized
- Region
- Asia Pacific
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- microfinance, regulations
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More banks given go-ahead to roll out mobile cash in Kenya
The number of commercial banks approved by the Central Bank of Kenya to operate interbank mobile money transfer platform, PesaLink, has doubled to 24 from 12. The product was unveiled on February 16.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Cambodia caps interest on microfinance loans
The National Bank of Cambodia (NBC) has capped interest on microfinance loans to a maximum of 18 percent per year, an unprecedented move that came on the direct orders of Prime Minister Hun Sen, Defence Minister Tea Banh said yesterday – a decision some experts suggested had political overtones and could have unintended negative consequences for the poor.
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- Uncategorized
- Region
- South Asia
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NMAMIT, NIT-K chosen as India’s first startup district
Technology, under Nitte University and NIT-K, Surathkal have been chosen as India's first startup district with incubators by Ministry of Commerce and Industry.
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- Uncategorized
- Region
- South Asia
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