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Angola Faces Health Crisis as Oil Price Drop Leads to Cutbacks
When a plunge in oil prices prompted Angola's government to slash public spending last year, street trader Antonio Simao Baptista had no idea it would leave his rundown suburb overwhelmed by filth and disease.
- Categories
- Health Care
- Region
- Sub-Saharan Africa
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Vodafone Wallet & PayPal Ink Payments Partnership
The partnership will enable PayPal customers to link their accounts to Vodafone Wallet, allowing them to use Android smartphones to make contactless payments. According to PayPal’s European CEO, this marks the first time PayPal users will be able to make contactless payments.
- Categories
- Technology
- Region
- Europe & Eurasia
- Tags
- digital payments, fintech
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The Color of Money: A Top Bank and Nonprofit Take Aim at the Racial Wealth Divide
We started writing about the Corporation for Enterprise Development a year ago, when we talked to its founder, Bob Friedman, about how the organization got its start, and where it is going with addressing asset-building and financial inclusion for low income Americans and people of color. Now, CFED has announced a new partnership with JPMorgan Chase & Co. to bring asset building initiatives to multiple cities across the country, starting with New Orleans and Miami this spring.
- Categories
- Uncategorized
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AstraZeneca Targets Africa Sales Boost
AstraZeneca Plc, the U.K.’s second-largest drugmaker, plans to increase sales in Africa by almost 10 percent a year as the company seeks to capitalize on efforts by governments to improve health-care systems and fight conditions such as high blood pressure and cholesterol.
- Categories
- Health Care
- Region
- Sub-Saharan Africa
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Reserve Bank of Zimbabwe Approves Adoption of Agent Banking
The Reserve Bank has approved the adoption of agent banking by financial institutions as part of efforts to increase access to financial services, governor Dr John Mangudya said.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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India’s Paytm Is Raising Another $400M to Build Out Its New Payment Bank
Alibaba-backed Paytm, one of the bigger e-commerce startups competing against Amazon in India, is raising money again, just months after a reported $680 million round. Sources close to the company say that Paytm is now looking to raise $400 million by June to help with the launch of Paytm’s new payments business, Paytm Payment Bank.
- Categories
- Technology
- Region
- South Asia
- Tags
- fintech
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WorldRemit Raises $45M to Tackle $600B Market
Remittances start-up WorldRemit has raised $45 million in debt to help it tap the business of using mobile wallets to send money across emerging markets.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech, remittances
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Menstrual Hygiene Makers Like Aakar Innovations, Saral Designs Signal Emergence of Local Brands
Aakar Innovations, makers of affordable, 100% compostable sanitary napkins for women in low income segments, is testing a new variant of its product that will be made from indigenously available raw materials.
- Categories
- Environment
- Region
- South Asia
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