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Report: Nigeria lagging behind in financial inclusion, mobile money
An International Finance Corporation report says Nigeria is lagging behind its peers in sub-Saharan Africa in terms of financial inclusion and mobile money.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Uganda’s finance minister says mobile money tax may be reviewed
Uganda’s finance minister told journalists on Monday that a new tax on mobile money transactions in the country that was approved by parliament last week, is different from what the cabinet agreed.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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‘Playing patient investor, Omidyar has not made many exits from $1.3B portfolio’
Philanthropic impact investor Omidyar Network has invested close to $1.3-billion in non-profit and for-profit ventures globally since it was founded in 2004 by eBay founder Pierre Omidyar. But an investment principal at the fund confesses that the funder’s “patient” approach to funding means it has made few exits so far.
- Categories
- Investing
- Tags
- ESG
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CARE Enterprises and Bamboo Capital Form For-Profit Subsidiary
Bamboo Capital Partners and CARE Enterprises announced a strategic partnership, focused on businesses serving people living in poverty in South and Southeast Asia.
- Categories
- Investing
- Region
- Asia Pacific
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Press release: CGAP Launches New Five-Year Strategy
In addressing the CGAP Annual Meeting, CGAP CEO Greta Bull said: "Our new strategy Is centered around helping poor people adapt to the disruptive forces in an increasingly digital world. Poor people know that financial services can help them manage their lives more securely. It is our job to make sure that we make financial services available, affordable and useful so that poor people can capture opportunities and build resilience."
- Categories
- Finance
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Technology ‘can transform’ the developing world’s education
"In tech we solve problems for hundreds of millions of users," he said. "We asked the question that most pedagogues think is not possible: Can you teach without human teachers? Can you teach without schools? We started asking those blasphemous questions... We took people from the gaming industry, from the social media industry and pedagogues, and we started experimenting with a solution."
- Categories
- Education, Technology
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Singapore, India to boost fintech collaboration
The two Asian countries, which already have partnered on cross-border payment services, will create a joint working group to explore opportunities for further collaboration in fintech.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- fintech
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Press release: Fenix International’s inclusive employee ownership programme gives first-of-its-kind pay-out in Africa
The ‘Fenix Flames’ programme extends benefits to employees in lieu of traditional company stock options. As part of an employee benefits programme, the scheme was designed to offer a pay-out in the event of an acquisition or public listing.
- Region
- Sub-Saharan Africa
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