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Press release: OPIC unveils 2x Women’s Initiative to mobilize more than $1bil to invest in the world’s women
The Overseas Private Investment Corporation (OPIC) today unveiled its global 2X Women’s Initiative, which will mobilize more than $1 billion to projects that support women in developing countries, unlocking the multi-trillion dollar investment opportunity women represent. The announcement was made at the 8th Annual International Women’s Day Forum, hosted by the U.S. Chamber of Commerce.
- Categories
- Investing
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India’s Little Shops Are a Massive Banking Network in the Making
Indians who still rely on cash are a ready-made financial-services market and a lucrative sideline for the corner store.
- Region
- South Asia
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Kenya is finally softening its stance on blockchain technology
Kenya has for years regarded blockchain technology and digital currencies with suspicion, comparing bitcoin to a “pyramid scheme,” and emphasizing that it had no legal footing.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- blockchain, cryptocurrency
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International remittances to exceed $600bn in 2018
The World Bank estimates that global remittances will grow by 3.4% to $616 billion in 2018. Sub-Saharan Africa, with an average cost of 9.1%, remains the highest-cost region, it says.
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Rwanda’s central bank urges MFIs to automate to reduce bad loans
The National Bank of Rwanda (BNR) has called on microfinance institutions (MFIs) across the country to embrace automation and reduce the rate of bad loans before the end of the year.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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World Economic Forum leads creation of fintech cyber security consortium
The World Economic Forum has led the creation of an industry consortium focused on improving the cybersecurity of financial technology companies, as collaboration between fintechs and financial institutions grows.
- Categories
- Finance
- Tags
- cybersecurity, fintech
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Big Investors Have Clout. They Can Use It With Gun Makers.
Over the past several weeks, there has been a lot of talk about investors ridding themselves of their shares in gun manufacturers and retailers after the school shooting in Parkland, Fla. A number of public pension funds, like those in the state of Connecticut, have discussed the prospect of selling their shares.
- Categories
- Investing
- Region
- North America
- Tags
- ESG, impact investing
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JPMorgan Quants Develop Model for Socially Responsible Investing
Strategists at the firm have built an “ESGQ” quantitative metric that combines a company’s long-term corporate responsibility score with faster-moving data that isolates newsflow on potential controversies. The analysis then tracks momentum in the ESG scores to measure changes in market sentiment and price behavior.
- Categories
- Investing
- Region
- North America
- Tags
- data, ESG, impact investing
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