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As India Goes Cashless, Both E-Money Stocks and Bitcoin Benefit
India's Prime Minister Narendra Modi announced on November 9, 2016, that 500 and 1000 rupee notes would be taken out of circulation in an effort to reduce corruption, terrorism, black money and counterfeiting, and will no longer be accepted as legal tender in India. His surprise announcement caused chaos in the country as citizens scrambled to adjust to a new monetary norm that banned about 85 percent of cash in circulation.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Med Air Africa: Mobile Healthcare for the Most Remote Mines
Mines are dangerous places, not least because of their often remote and hostile locations far from medical facilities. Med Air Africa, set up in 2010, is helping to bring medical rooms and equipment, highly trained staff and air assistance to mines across Liberia and South Africa.
- Categories
- Health Care, Technology
- Region
- Sub-Saharan Africa
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The Curious Case of 4.5 Million Jan Dhan Accounts That Were Closed During India’s Demonetisation Chaos
The Narendra Modi government’s flagship financial inclusion scheme—the Pradhan Mantri Jan-Dhan Yojana (PMJDY)—has always been about big numbers.
- Categories
- Uncategorized
- Region
- South Asia
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Building the ‘Silicon Valley’ for Social Enterprise
Kicking a football around as a teenager on the streets of southeast London, my heroes in 1990s Britain were the poster-boy soccer stars of that era who would adorn my bedroom wall.
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- Technology
- Region
- South Asia
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D.light raises another $10.5 million to grow its solar-powered products for off-grid communities
D.light, a for-profit social enterprise that makes solar-powered products for “off-grid” communities, has raised another $10.5 million in funding, taking its total financing to more than $40 million over the past quarter.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- solar, venture capital
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GetBucks Goes for the Bucks in Botswana
The Botswana Stock Exchange (BSE) has approved the Programme Memorandum for the Note and it is anticipated that the Note will be listed on the BSE on Monday, 30 January 2017. Proceeds from the first tranche of the Note of up to BWP 200 million will be used by the Issuer to reduce the cost of funding.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Wearable brain scanner among healthcare innovations
A low-cost, brain-scanning device for detecting neurological emergencies swiftly, a biochip integrated with smart phone for DNA-based test malaria test, a point-of-care microscope that detects infection using artificial intelligence (AI) are some of the top 20 ventures selected in the Tata Social Enterprise Challenge (TSEC) 2016-2017.
- Categories
- Health Care, Technology
- Region
- South Asia
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Airtel launches payments bank in India
Bharti Airtel today said it will invest Rs 3,000 crore in its payments bank, as it became the first off the block to launch the new model of banks aimed at taking financial services to the millions who are outside the banking system.
- Categories
- Uncategorized
- Region
- South Asia
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