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U.S. Federal Reserve may review rules on lending to the poor
Changes to the Community Reinvestment Act (CRA) may be necessary due to the rise of online lenders, known as “fintech” firms, as well as industry consolidation, that has reshaped the community lending landscape.
- Categories
- Finance
- Region
- North America
- Tags
- fintech, lending, regulations
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MTN’s record Ghana IPO is seen drawing Africa-focused funds
“The offer will generate a lot of global interest,” Boahen said by phone from the capital, Accra. “If you see the numbers, it’s a very profitable company. MTN has a dominant market position and a lot of investors will like to get a piece of the fast-growing telecom sector.”
- Region
- Sub-Saharan Africa
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Swiss PE Partners Group launches debut impact fund with $1b hard cap
“In terms of size of investments, in line with typical PG deal sizes, it would be a $100 million to $1 billion total equity cheque from Partners Group – managed funds and/or a $200 million to $2 billion enterprise value. PG LIFE will invest alongside other Partners Group funds,” a spokesperson from the private equity firm told DEALSTREETASIA.
- Categories
- Investing
- Tags
- ESG, impact investing
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African leaders have created the world’s largest free trade area since the WTO—here’s its potential
The agreement has the potential to deliver a great deal for countries on the continent. The hope is that the trade deal will trigger a virtuous cycle of more intra African trade, which in turn will drive the structural transformation of economies – the transition from low productivity and labour intensive activities to higher productivity and skills intensive industrial and service activities—which in turn will produce better paid jobs and make an impact on poverty.
- Region
- Sub-Saharan Africa
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Impact investor Quona Capital plans to raise $150-200 million Fund III
While fintech remains the broader theme for Quona going forward, the company plans to broadbase its investment portfolio across sectors that can leverage fintech to deliver everyday needs in areas such as education, healthcare and insurance and small business.
- Region
- South Asia
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SimbaPay launches AI-powered chatbot that enables global money transfers via text
Digital money transfer provider SimbaPay has launched an AI-powered chatbot service which enables its customers to make international money transfers with just a text.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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Agriculture in Africa faces the great challenge of exporting
Africa relies more and more on exporting its commodities, and agricultural products for more than half of its countries.
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
- Tags
- global development, SDGs
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MENA startup data platform closes $1 million seed funding round
Having released over 20 reports since inception, a core focus of the MAGNiTT platform is education through data-driven analysis for its subscribers. The platform currently hosts 5,500 start-ups, over 12,000 users including over 300 individual investors and more than 150 funding institutions, be VCs or Angel Investors.
- Source
- Press release
- Categories
- Investing
- Region
- North Africa & Near East
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