-
Growing Success of Telkom and Equitel Could Shift Kenya Mobile Money Dominance Debate
As Kenya waits for the publication of the controversial report on market dominance by the Communications Authority of Kenya (CAK), latest data from the Telecoms regulator shows that rivals can eat into Safaricom’s market share. The total mobile subscriptions recorded by Telkom Kenya jumped by 18.5 per cent to stand at 3.4 million from 2.8 million reported in the previous period, according to the first quarter report covering July and September 2017.
- Categories
- Finance
- Region
- Sub-Saharan Africa
-
Billionaire Sam Zell: BlackRock’s Larry Fink is ‘extraordinarily hypocritical’ to push social responsibility
BlackRock's Larry Fink and other CEOs are "extraordinarily hypocritical" to push companies for more social responsibility, billionaire investor Sam Zell told CNBC on Tuesday.
- Categories
- Investing
- Region
- North America
-
BlackRock’s Message: Contribute to Society, or Risk Losing Our Support
On Tuesday, the chief executives of the world’s largest public companies will be receiving a letter from one of the most influential investors in the world. And what it says is likely to cause a firestorm in the corner offices of companies everywhere and a debate over social responsibility that stretches from Wall Street to Washington.
- Categories
- Investing
- Region
- North America
-
Report: Improved financial inclusion could boost global bank revenues by US$200b
Driving greater financial inclusion – the availability of affordable, accessible and relevant financial products – will generate sizeable economic benefits, according to the report, boosting GDP by up to 14% in developing economies such as India, and 30% in frontier markets such as Kenya.
-
Bono’s Fund Makes Its First Fintech Investment, Backing Acorns
Financial technology startups are grabbing a greater share of capital from investors. Now Bono is getting in on the action.
-
Citi Is First U.S. Bank To Respond To Shareholder Pressure To Close Gender Pay Gap
Citi's announcement represents a major shift for U.S. banks and credit card companies, since no financial services company so far targeted by shareholders for gender pay has taken such action.
- Region
- North America
- Tags
- data, gender equality
-
Press release: New report provides insight into replicable practices for a critical phase of impact investments
“Impact investing has huge potential to generate positive long-term outcomes for society and the environment,” said GIIN Research Director Abhilash Mudaliar. “But investors need to have the confidence that they will be able to exit responsibly. There are many more exit approaches to meet financial objectives and ensure sustained impact post-exit than investors may be aware of. This report should provide impact investors with proven strategies that they can use to exit their investments in ways that won’t jeopardize the impact they seek to create.”
- Categories
- Investing
-
Perspective: Financial inclusion can leapfrog with blockchain technology
Positioned from the outset as an alternative to traditional banking mechanisms, Blockchain raised the possibility of a revolution in the world of financial technology, and the way money was controlled. Nine years on, we see different economies and industries across the globe still trying to understand and adopt the technology.
- Categories
- Finance