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6 Surprising Reasons Why South Africans Are Not Big On Banks
BCG recently undertook extensive research into the process of financial inclusion in South Africa. This primary research which is based on surveys, interviews and a fresh analytical approach, yielded several interesting themes about the country’s use and perceptions of formal banking channels. Bringing more people into the financial system has the ability to enhance GDP growth, reduce poverty and create new market opportunities for the private sector.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Solar power: A shot in the arm for India’s health centers
Nearly 35 million people in rural India relied on un-electrified primary health centers as of 2015, according to government data. One in every two primary health centers has no electricity or suffers from power outages, putting baby deliveries, paediatric emergencies and cold storage of vaccines at risk, among other vital health services. Renewable energy sources like solar power provide an opportunity to work around the challenges that accompany a lack of electricity.
- Categories
- Energy, Health Care
- Region
- South Asia
- Tags
- renewable energy, vaccines
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Indian Digital Wallet Company Founder Says Its Biggest Competitor is Cash
Co-founder & Director of India’s leading mobile wallet company expects overall digital payments to contribute 35-40 percent of total transactions in the economy by 2018, citing cyber security as one of the most crucial issues for banks and consumers.
- Categories
- Technology
- Region
- South Asia
- Tags
- fintech, mobile finance
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Sisu Global Health wins $25,000 at GE-backed competition
CEO Carolyn Yarina states that funding received from competition will provide crucial resources for commercialization of new blood recycling device.
- Categories
- Health Care, Technology
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Merger Looms As High Provisions Turn Bharat Financial Unprofitable
Bharat Financial Inclusion Ltd. is considering a merger even as India’s fourth largest microfinance lender reported losses in the March-ended quarter on a rise in provisions for bad loans after demonetisation.
- Region
- South Asia
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Neglected tropical diseases: Funding the next stage of the fight
Delegates (at the recent NTDs Summit in Geneva, Switzerland) highlighted that while NTDs are considered one of the best buys in public health, they continue to be underfunded, and remain largely dependent on donors.
- Categories
- Health Care
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WHO to help bring cheap biosimilar cancer drugs to poor
The World Health Organization (WHO) is to launch a pilot project this year to assess cheap copies of expensive biotech cancer drugs in a bid to make such medicines more widely available in poorer countries.
- Categories
- Health Care
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Money Management Application ‘Swadhaar Saathi’ Wins $100,000 from MetLife Foundation Innovation
Swadhaar Saathi has been announced winner of the MetLife Foundation Inclusion Plus competition in India. The competition was open to entrepreneurs, businesses and non profit organisations and aimed to discover innovative solutions to promote financial capability and access to financial services in India. With more than 100 entries, Swadhaar Saathi won the grand prize with its money management application and collected a grant of 100,000 dollars.
- Categories
- Uncategorized
- Region
- South Asia
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