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Press Release: Visa and STEMpower Partner To Drive Financial Inclusion and Job Creation in Ethiopia
A Bulgarian startup has found remote work in the AI industry for hundreds of refugees in the Balkans and the Middle East.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Press Release: IFC Provides $100 Million for Santander To Support Small and Medium Enterprises and Finance Renewable Energy in Brazil
IFC, a member of the World Bank Group, is providing a $100 million loan (equivalent to BRL560 million) to Santander Brasil to boost access to credit for small and medium-sized enterprises (SMEs). Half of this financing will be devoted to the commercialization of photovoltaic panels. Of the remaining amount, at least 20 percent will be directed to SMEs owned by women.
- Region
- Latin America
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Viewpoint: Fintech in Africa: Reshaping the Financial Sector
Across many countries in Africa, fintech is improving financial inclusion and stimulating innovation and productivity in major sectors, such as the small and medium-sized enterprises (SME) sector and the agriculture sector, the backbone of the region's economy.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Analysis: Transforming a Supply Chain Into a Social Enterprise
Creating sustainability initiatives that can scale requires innovative balancing of social impact and profit seeking.
- Region
- Sub-Saharan Africa
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Press Release: Covid-19: Remittance Flows To Shrink 14% by 2021
International migration to fall in 2020 for the first time in recent decades
- Categories
- Coronavirus, Finance, Technology
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Bitcoin Too Volatile To Aid Financial Inclusion, Says Mastercard CEO
The inherent volatility of Bitcoin makes it ill-fitted for the needs of unbanked people, argued Mastercard CEO Ajay Banga.
- Categories
- Finance, Technology
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Press Release: The ABC Fund Scales Agriculture SMEs in Kenya and Uganda With $2 Million Revolving Credit Facility for FACTS
The Agri-Business Capital (‘ABC Fund’) has signed an agreement for a $2 million revolving credit facility to FACTS Advance BV (‘FACTS’) to provide short-term trade finance solutions for SMEs in Kenya and Uganda primarily operating in the agriculture sector.
- Categories
- Agriculture, Finance
- Region
- Sub-Saharan Africa
- Tags
- financial inclusion, scale
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Analysis: Revolutionising Nigeria’s Microfinance Landscape Through Insurtech
According to Augusto & Co’s estimates for the 2019 financial year, the insurance industry in Nigeria generated gross premium income (GPI) of N471 billion, approximately 12% higher than the preceding year’s GPI. Compared to other African countries like Kenya and South Africa with 2.9% and 14% respectively, insurance penetration in Nigeria is low.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
