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Danone’s debut social bond attracts healthy appetite
Proceeds will be used to fund projects backing notably responsible farming, local projects dedicated to empowering communities and social entrepreneurs or healthy food entrepreneurship, it said in a statement.
- Categories
- Investing
- Region
- Sub-Saharan Africa
- Tags
- ESG, impact investing
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Press release: Alipay Expands Global Footprint Into Mexico Through Partnership With Openpay
Alipay, the world’s leading digital payments platform, operated by Ant Financial Services Group, today announced that it is further expanding its footprint in the Americas through a partnership with Openpay in Mexico. Now, Alipay’s more than 600 million active users in China will be able to use Alipay to make purchases from Openpay’s affiliated businesses in Mexico. Alipay is China’s leading payment provider and the primary means of online and mobile payment for Chinese consumers.
- Categories
- Finance
- Region
- Latin America
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Press release: Mastercard Foundation announces ambitious commitment to address youth unemployment in Africa
Africa has one of the highest unemployment rates in the world, particularly for young people. By 2030, there will be more than 375 million people under the age of 35 in the labour market. Population growth on the continent means that by 2035, there will be more young people entering Africa's workforce each year than the rest of the globe combined. In 2050, one quarter of the world's working age population will be African, making it the largest workforce in the world.
- Source
- Press release
- Region
- Sub-Saharan Africa
- Tags
- employment, youth
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‘Socially responsible’ investors reassess Facebook ownership
“The lid is being opened on the black box of Facebook’s data practices, and the picture is not pretty,” said Frank Pasquale, a University of Maryland law professor who has written about Silicon Valley’s use of data.
- Categories
- Investing
- Tags
- data, impact investing
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Viewpoint: The new US DFI deserves the development community’s support. Here’s why.
Right now, there are budding entrepreneurs and innovators in developing countries with ideas that could help lift their communities out of poverty, improve health and education outcomes, and create sustainable economic development. They may be focused on how to raise smaller holder farmers’ income, or creating a ride-hailing app that ensures a safe taxi ride, or developing software that makes it easier for business to comply with local tax regulations.
- Region
- North America
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One of UK’s biggest banks is going digital in Africa for a share of the mobile money market
UK bank, Standard Chartered, is making a play for the mobile financial services market in Côte d’Ivoire—where it has no physical presence—with the the launch of its first digital-only retail bank. The bank will offer digital services allowing users make transfers and pay bills.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Press release: Women’s World Banking, ExxonMobil Foundation and the Center for Global Development Announce New Global Initiative, She Counts, to Put Financial Tools in the Hands of Women
Today, Women's World Banking, the Center for Global Development, and ExxonMobil Foundation launched She Counts, a global initiative convening and harnessing the power of financial service providers committed to serving women. Announced at a special event hosted by the Council on Foreign Relations, She Counts aims to harness the power of financial services to put savings and financial tools in the hands of underserved women, enabling them to save securely and invest in their businesses.
- Categories
- Finance
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Omidyar Network Spins Out New $100 Million Venture Fund Called Spero Ventures
Called Spero Ventures, the fund counts Omidyar as its sole limited partner and will include 13 for-profit investments made by Mahesh and her colleagues while they were part of Omidyar Network. Mahesh and her fellow partner Rob Veres, as well as employees Ha Nguyen, Sara Eshelman and Christina Li have already made two investments on their own, in Fathom and Markov.
- Categories
- Investing
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