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Payment Startups Lead Way In Africa’s Booming FinTech Scene
The report finds there has been a boom in the fintech space over the last two years, with more than half of the fintech startups currently operating launching after January 2015.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech, remittances
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Post offices urged to develop financial inclusion strategies
Africa alone is believed to have more than 30 million migrants with over $65 billion in potential remittances and Minister Mandiwanzira challenged the post offices to sweat their expanisve network reaching out to even the very remote areas, as well as their ability to foster local and international business partnerships.
- Categories
- Uncategorized
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Foreign investors to pour nearly $1 trillion into emerging markets in 2017: IIF
The projection follows a strong first quarter for emerging market investment that saw the strongest portfolio inflows since 2014. The IIF's projection is $290 billion higher than its estimate just four months ago, shortly after Donald Trump took office as U.S. president and the organization listed possible American protectionism as its top threat to emerging market portfolio flow growth.
- Categories
- Investing
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Can a for-profit company bring connectivity to ultra-remote villages?
An additional 4 million people will soon be able to make and receive calls, send messages and access basic internet services as a result of the multi-million dollar investment in Africa Mobile Networks — a commercial company that builds solar-powered mobile network base stations in ultra-rural communities across sub-Saharan Africa.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Healthquad raises Rs. 750 million to support thematic healthcare companies in India
India's leading specialist healthcare focused venture capital fund 'Healthquad' has achieved its final close with a total commitment of Rs. 750 million for investing in thematic and disruptive healthcare business models in the country.
- Categories
- Health Care
- Region
- South Asia
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Demonitization May Lead To Equity Erosion For Microfinance Institutions, Says India Ratings
India Ratings had warned about a build up of risks in microfinance even before demonetization was announced in November last year. Since then, the cash shortage brought on by the currency exchange program and increased instances of farm loan waivers, have disrupted the market further.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- microfinance
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Android Pay now used for international P2P transfers, courtesy of WorldRemit
This is a first for Android Pay, which up to now has been used for in-app and contactless payments and to make P2P transfers to people in the same country, but never international P2P money transfers.
- Categories
- Technology
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Climate Change Has Made Heat Waves Much More Deadly, Mainly for the Poor
A study published in Science Advances shows that as average summer temperatures in India rose 0.5 oC from 1960 until 2009, the chance of a heat wave causing more than 100 deaths more than doubled. As the authors write, their work is far from theoretical: heat waves in 2010, 2013, and 2015 each killed thousands of people across the country.
- Categories
- Environment
- Region
- South Asia
- Tags
- climate change
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