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Many Small Foundations Wary of Impact Investing
Many small foundations are skeptical of impact investing, with 38 percent saying it will hurt returns, 36 percent saying they lack the capacity to do it, and 32 percent citing worries about risk, according to a new survey. The report from Exponent Philanthropy, which represents foundations with few staff members, also found that 16 percent of respondents participated in "mission or impact investing," and another 11 percent plan to do so in the next few years.
- Categories
- Finance
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AWS partners with Kenya’s Safaricom on cloud, consulting services
Amazon Web Services has entered a partnership with Safaricom — Kenya’s largest telco, ISP and mobile payment provider — in a collaboration that could spell competition between American cloud providers in Africa.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Press Release: Convergence Grantees Mobilize $550 Million Towards Blended Finance for Global Development
The Design Funding program awards grants to design blended finance solutions that attract private capital to global development at scale.
- Source
- Press Release
- Categories
- Finance
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Goldman Sachs, Others Invest $55 Million in London-Based Fintech Startup Jumo
The funding round introduced new investors to join existing investors such as Goldman Sachs, Odey Asset Management and Leapfrog Investments.
- Categories
- Finance
- Tags
- fintech, startups, venture capital
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MTN Adds Vodacom Tanzania to its Cross Border Money Remittance Service
The partnership sees MTN Uganda adding Vodacom Tanzania to the list of telecom partners with whom customers can do mobile money transactions in the East African region.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Vodacom Coining It With M-Pesa
Vodacom’s bet on Africa’s burgeoning fintech market through M-Pesa is paying off.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Malawi Mobile Money Numbers Dive After Account Cull
In its national payments system report the Reserve Bank of Malawi said the number of mobile money accounts in the country fell to 6.2 million by the end of 2019.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Tech Startups Are Flooding Kenya With Apps Offering High-Interest Loans
Tala has made $1 billion in microloans to people in developing countries, all using its app. It says it can reach those who’ve been ignored by banks, because its software generates instant credit ratings from data scraped off prospective borrowers’ phones. The company is part of the financial-inclusion movement, a loose coalition of tech companies, banks, and nongovernmental organizations trying to lift people out of poverty by offering them new ways to gain access to loans and other financial services.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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