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Visa’s Plan to Connect 500M to Financial Mainstream
Visa’s CEO Charles Scharf has got a plan to connect half a billion additional consumers to the financial mainstream in the next five years.
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- Uncategorized
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Under Fire In India, Facebook’s Internet.org Launches in Indonesia
Facebook’s ‘free web’ Internet.org program has expanded into Indonesia, a country with a 250 million population, marking its second largest launch in Asia to date.
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- Technology
- Region
- Asia Pacific
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Missoula Author’s Book Details Big Data Initiative on Global Health
What if you had a map that told you what sickened, killed or affected the health of every person across the world? And how would you make it?
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- Health Care
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Indian Microfinance Company Equitas Finance Plans IPO, Looks to Raise Up to Rs 1,500 Crore
Chennai-based microfinance company Equitas Finance is said to be planning an initial public offering (IPO) that could mean substantial returns for exiting private equity and venture capital funds. The company that's 98% owned by a dozen private equity and venture capital funds is looking at raising around Rs 1,200-1,500 crore by selling a stake of up to 25%, said three people involved with the plan.
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- Investing
- Region
- South Asia
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Nigeria Is Projected to Be the First African Country to Hit $1 Trillion in GDP by 2030
Nigeria’s economy will more than double in the next 15 years, according to projections from the United States Department of Agriculture. Today, with an annual GDP of around $500 billion, Africa’s largest economy is 27th in the world. By 2030 it is expected to climb up to 19th place just ahead of the Netherlands.
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- Technology
- Region
- Sub-Saharan Africa
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Hospitals As Debtor Prisons
In low-income and middle-income countries (LMICs), systematic research regarding the prevalence and personal consequences of patients who are unable to pay their medical bills has been scarce. However, news headlines frequently tell a simple story of detention—eg, “Kenyan mothers too poor to pay for treatment locked up in hospital”. Similar reports are found in Burundi, Ghana, India, Liberia, Nigeria, the Philippines, and Zimbabwe.
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- Health Care
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Equity Crowdfunding Hits $662 Million in 2015
Booming investments in real estate are leading the way among equity-crowdfunded projects, which rose to $662 million in the first quarter of 2015, a big jump from the $483 million recorded in the final quarter of 2014.
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Bamboo Finance Announces the First Close of Financial Inclusion Fund II
Bamboo Finance, a private equity firm specializing in investing in business models that benefit low-income communities in growth markets, today announced the first close of $31 million in its second financial inclusion focused fund with investments from Teachers Insurance and Annuity Association of America (TIAA-CREF) and AXA-IM.
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