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WFP Launches First Mobile Cash Transfers For Humanitarian Assistance In Myanmar
The United Nations World Food Programme (WFP) has launched the first pilot programme using mobile cash transfers for humanitarian assistance in Myanmar. Between 27 February and 1 March, 112 conflict-affected internally displaced families in three camps in Myitkyina Township of Kachin State received a monthly electronic credit allocation of MMK 9,000 (US$ 7) per person for vulnerable households.
- Categories
- Technology
- Region
- South Asia
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World Bank issues first UN sustainable development bond
The World Bank has raised its first bond linked to the United Nations’ Sustainable Development Goals as it looks to help a global effort to end poverty, tackle climate change and promote equality.
- Region
- Europe & Eurasia
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India honors rural women on the front lines of its toilet campaign
As crowds gathered around the world yesterday to celebrate women, India’s Prime Minister Modi paid special honor to thousands of “women champions” who are fighting for a most basic dignity: toilets.
- Categories
- Health Care
- Region
- South Asia
- Tags
- public policy
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National Microfinance Bank to digitize agricultural sector in Tanzania
National Microfinance Bank Pic (NMB) has signed a strategic partnership agreement with Mastercard to ensure the digitization of the agricultural sector in Tanzania with the roll-out of eKilimo, a mobile solution developed by the Mastercard Lab for Financial Inclusion.
- Categories
- Agriculture, Technology
- Region
- Sub-Saharan Africa
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Europe Pledges €300 Million For 19 African Renewable Energy Projects
The European Commission has pledged €300 million in an effort to leverage further investments amounting to €4.8 billion for the development of 19 new renewable energy projects in Africa, as part of its role in the Africa Renewable Energy Initiative.
- Categories
- Energy
- Region
- Sub-Saharan Africa
- Tags
- renewable energy
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Johnson & Johnson to make hospital consumables at new East Africa hub in Nairobi
Healthcare products manufacturer Johnson & Johnson has set up an East African operations hub in Nairobi. The company, in a major shift in its market strategy, will now depart from the initial business set up where it worked through distributors.
- Categories
- Health Care
- Region
- Sub-Saharan Africa
- Tags
- public health, vaccines
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Dymon Asia announces first close of $50M fund for fintech, focused on Southeast Asia
Hedge fund Dymon Asia is getting into the venture capital game after it announced its maiden fund. Dymon Asia Ventures is focused on fintech deals and it is targeting a $50 million raise. Today, its founding partners disclosed a first close of $20 million from a range of LPs that include Thai bank Siam Commercial (SCB), which invested an undisclosed sum via its Digital Ventures arm.
- Categories
- Impact Assessment, Investing
- Region
- Asia Pacific
- Tags
- fintech, venture capital
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Small finance bank licensee Disha’s parent raises Rs500 crore
Fincare Business Services Ltd (Fincare), a financial inclusion platform, on Tuesday announced that it has closed a Rs500 crore transaction with investments from private equity investors TA Associates, True North, Tata Opportunities Fund and LeapFrog Investments.
- Categories
- Uncategorized
- Region
- South Asia
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