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Global Income Inequality May Fall as Emerging Markets Skill Up
The world will see the number of skilled workers -- those with nine or more years of education -- rise 30 percent to 2.16 billion by 2040, up from 1.66 billion in 2011, according to a new World Bank report. Thanks to their growing populations and investments in education, developing countries are expected to contribute all of those additional educated workers.
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Econet Wireless, Untu Capital partner to launch mobile money bond platform in Zimbabwe
Zimbabwe's Econet Wireless, touted by analysts as best placed to develop mobile money offerings alongside Safaricom, has opened a mobile money bond purchase platform in partnership with Untu Capital to raise US$1 million in support of local start-ups - specifically to address the low level of funding in this space.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Michael and Susan Dell Foundation-backed Education Catalyst Fund makes two bets
Education Catalyst Fund, which is managed by global philanthropic organization Michael and Susan Dell Foundation-backed CBA Capital, has made two more investments in the education space.
- Categories
- Investing, Technology
- Region
- South Asia
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This Social Entrepreneur is Creating Employment in Underserved Areas
Started in 2014, the non-profit body focuses on youth and women from ages 18-25 in the most rural parts of the world. The initiative builds conscious enterprises and undertakes income enhancement initiatives for indigenous and underprivileged communities by engaging urban leaders and start-ups.
- Categories
- Uncategorized
- Region
- South Asia
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MTN and Vanu partner to bring connectivity to rural Rwandans
MTN and Vanu have announced the integration of the two networks with an aim to extend MTN’s Network in rural areas which are currently unconnected in Rwanda.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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India’s central bank wants to put a leash on the booming fintech sector
“Bringing fintech under the regulatory ambit should provide a level playing field and encourage financial innovations. In this context, the Reserve Bank (of India, RBI) is working on framing an appropriate response to the regulatory challenges posed by developments in fintech in India,” the central bank said in its Trend And Progress Of Banking In India report, released in December.
- Categories
- Finance
- Region
- South Asia
- Tags
- cryptocurrency, fintech, regulations
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Press release: Acumen America Makes Its First Financial Inclusion Investment Under New Partnership With Metlife Foundation
Acumen, the nonprofit global venture fund, today announced its first financial inclusion investment under its Acumen America portfolio. Launched in 2016, Acumen America invests in social enterprises addressing the problems of poverty in the United States with a focus on the sectors of health care, workforce development and financial inclusion.
- Region
- North America
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Press release: Ulula Raises $1 Million in Seed Funding to Improve Labor Conditions in Global Supply Chains
Ulula, a software and analytics platform that equips companies with tools to monitor human rights risks, announced today it raised $1 million in private seed funding to expand its mobile platform that enables organizations to engage workers directly, in real time, across global supply chains.
- Categories
- Technology
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