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China touts new bank’s greater understanding of developing world
The China-led Asian Infrastructure Investment Bank (AIIB) will be different from institutions like the World Bank because it has a greater understanding of the developing world's needs, officials said on Sunday at its first annual meeting.
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- Region
- South Asia
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Mercy Corps, MasterCard Target 18,000 Women in Nigeria Financial Inclusion Strategy
Under the landmark initiative, over 2,000 young women have gone through the Mercy Corps/ MasterCard programme while more than 6,000 participants from across Mercy Corps programmes have been registered for the multi-functional eID card. About 100 participants have already received their card.
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- Sub-Saharan Africa
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- mobile finance
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Beyond RCTs: How Rapid-Fire Testing Can Build Better Financial Products
Rapid-fire tests are nimble randomized controlled trials specifically aimed at improving product design. They are already common practice among technology-based companies as a way to iterate and rapidly improve their product and expand their user-base, but they can also be used to answer questions about the demand for financial products and improve other interventions that help the world’s poor. Innovations for Poverty Action explores what these trials can and cannot do.
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Ghana Parliament Speaker overrules proposals seeking to ‘ban’ mobile money services
The Speaker of Parliament, Edward Doe- Adjaho has ruled to disallow a proposed amendment by the Member of Parliament for New Juaben South, Dr. Mark Assibey –Yeboah, to the Banks and Special Deposit-taking institutions bill, currently at the consideration stage.
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- Uncategorized
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- Sub-Saharan Africa
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Perspective: 6 Traits That Make Millennials the Best Social Entrepreneurs
In The Business of Good, serial and social entrepreneur Jason Haber intertwines case studies and anecdotes that show how social entrepreneurship is creating jobs, growing the economy, and ultimately changing the world. In this edited excerpt, Haber examines the six character traits that have created a unique new generation: the Millennials.
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Mexico to Accelerate Path to Financial Inclusion
Earlier this week, Mexico launched its National Financial Inclusion Strategy (NFIS), which will accelerate access to financial services for the more than half of the population currently left out of the formal and regulated financial system. 44% of adults in Mexico own a bank account.
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- Region
- Latin America
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Storming the Walls – How Mozambique’s ‘Citadel Economy’ Shapes Financial Inclusion
In Mozambique, the combination of infrastructure deficit caused by colonial neglect and civil war, a centralist political economy, the sheer scale of poverty, and limited formal sector employment opportunities creates sharp income inequalities and shapes a "citadel economy," where high walls separate those inside and outside the enclave. This keeps financial service providers from reaching excluded target markets in the informal and agrarian economy. Christine Hougaard at Cenfri explores the problem and its potential solutions.
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USAID Commits More than $38 Million to Global Entrepreneurship
At the 2016 Global Entrepreneurship Summit, the United States Agency for International Development (USAID) announced four new investments totaling more than $38 million that will help mobilize the power of global entrepreneurs and innovators in the fight to end extreme poverty. These investments will connect innovators around the world with investors and capital to increase access to energy and expand food security in developing countries.
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