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WorldRemit nabs $40M at a $670M valuation to boost its money transfer business
WorldRemit, a London-based startup with some 2 million users that offers a quick way for people to send money to each other with a focus on developing markets, has raised more funds to help it take on the likes of Western Union in the remittances market, estimated by the World Bank to be worth some $596 million globally this year, and ramp its user number to 10 million.
- Categories
- Finance
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Crowdfarming is being used to bring Somalia’s livestock market into the digital economy
In 2017 alone, livestock loss has ranged from 20%-40% in the southern regions and 40%-60% in the north, according to the Food and Agriculture Organization. This threatens the livelihood of the animal farmers and hinders their ability to regularly trade in markets.
But a Sweden-based startup wants to change this by creating a tech-powered livestock market that is open all year round.- Categories
- Agriculture, Technology
- Region
- Sub-Saharan Africa
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Developing countries will get sick before they get rich
Residents of developing nation cities are increasingly susceptible to obesity, particularly amid the mega-trends of urbanization, globalization, and industrialization of food supply. According to India’s National Institute of Nutrition, over a quarter of urban-dwelling men and nearly half of women are overweight.
- Categories
- Health Care
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Ghana’s president surprised Macron with a clear rejection of development aid
After the AU-EU summit in Abidjan, French President Emmanuel Macron visited several African states, including Ghana. But contrary to other African heads of state, Ghana’s President Nana Addo Dankwa Akufo-Addo has a clear vision of how to make his country independent from development aid.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Partners Release Study On Attitudes To Mobile Money In Africa
The study focuses on four countries of varying degrees of DFS market maturity: Cameroon, Democratic Republic of Congo, Senegal and Zambia. It is a knowledge product of the Partnership for Financial inclusion, a $37.4 million joint initiative of IFC and the Mastercard Foundation, to advance financial inclusion in Sub-Saharan Africa.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Research Shows Corporate Action on SDGs Already Stalling Out Just Two Years Into 2030 Agenda
In the two years since the launch of the Sustainable Development Goals, the number of companies reporting against the SDGs is on the rise, but research indicates that there is a clear gap emerging between thinking and action, with tangible plans and active involvement in collaborations on the SDGs stalling over the last 12 months.
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Shanghai subway to use Alibaba voice and facial recognition systems in AI push
The subway system in the Chinese city of Shanghai will bring in voice and facial recognition technologies developed by e-commerce firm Alibaba Group Holding as it looks to make life easier for the millions of commuters on one of the longest and busiest mass-transit railway networks on the planet.
- Categories
- Technology
- Region
- Asia Pacific
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People Think Companies Can’t Do Good and Make Money. Can Companies Prove Them Wrong?
Even in one of the most market-oriented societies in human history, it appears very difficult to make most people appreciate that ethical and profitable business practices do not fundamentally conflict.
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