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World Bank’s $172 million loan to make farming viable in Andhra Pradesh, India
World Bank has signed an agreement with the government of India and government of Andhra Pradesh to extend a loan of $172.2 million to help turn farming in Andhra a financially viable activity.
- Categories
- Agriculture
- Region
- South Asia
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Kenyans in diaspora now remit four times more cash
The remittances have been the country’s largest source of foreign exchange (international currencies) since 2015 when they overtook earnings from tea exports.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- remittances
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Press release: The Trade and Development Bank and USAID Sign Memorandum of Understanding to Power Africa
At the signing, the Trade and Development Bank’s President and Chief Executive, Mr. Admassu Tadesse, said, “TDB is very pleased to deepen its existing partnership with USAID in further support of the Power Africa Initiative, which resonates strongly with TDB’s strategy and mandate. We are proud to count USAID among our growing number of cooperating trade and development finance partners in the US.”
- Source
- Press release
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Press release: OPIC and Liberty Mutual Insurance Launch $1 Billion Agreement to Catalyze Private Sector Investment in the Developing World
This is OPIC’s first agreement with a U.S. owned insurance company to share credit risk across a global portfolio of new OPIC-originated loans to commercial banks and other non-bank financial institutions.
- Region
- North America
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Viewpoint: How AI will transform India’s job scene
It will prod policy-makers to re-skill workers, rethink social policy, and examine the employment potential of new sectors
- Categories
- Technology
- Region
- South Asia
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Zimbabwe to review mobile money tax after backlash
Using official 2017 statistics on total mobile money transaction value, the tax hike increases government takings from the service by almost ten times.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech, public policy
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China’s CFPA Microfinance raises $140m in Series C led by The Rise Fund
The latest funding round adds The Rise Fund to CFPA’s list of big-ticket investors, which now include Ant Financial, China Foundation for Poverty Alleviation, IFC, Sequoia Capital China, High Impact Capital Advisors, and Renda Puhui.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Safaricom and Western Union sign money transfer deal
Mpesa customers will be able to send and receive money at any Western Union centers across the world after Safaricom and Western Union inked a money transfer deal.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech, remittances
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