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Authors reveal how banks fought hard to kill M-Pesa
Kenyan banks fought tooth and nail to have M-Pesa shut down one year after its launch as its popularity was spreading like bushfire and posed a threat to their operations, a new book launched last evening reveals.
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- Uncategorized
- Region
- Sub-Saharan Africa
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India’s SKS Microfinance recovering from Andhra Pradesh crisis
SKS Microfinance Ltd, India’s only listed microlender, plans to raise Rs.400 crore in the next fiscal year with a maximum equity dilution of 20%.
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- Uncategorized
- Region
- South Asia
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Global microfinance market expected to grow
Global Microfinance market to grow at a CAGR of 16.61% percent over the period 2012-2016. One of the key factors contributing to this market growth is the increased focus on the untapped markets. The Global Microfinance market has also been witnessing the formation of credit bureau for microfinance institutions. However, the issue of sustainability with respect to outreach could pose a challenge to the growth of this market.
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- Uncategorized
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Insolvency among microfinance banks could hamper Nigeria’s financial inclusion strategy
The Central Bank of Nigeria’s (CBN) financial inclusion strategy targets a reduction of adult population financially excluded from 46 percent to 20 percent by the year 2020. This objective cannot be achieved completely without active involvement of microfinance banks (MFBs) operating in the country.
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- Uncategorized
- Region
- Sub-Saharan Africa
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A Crowdfunding Site For High-Impact Solar Projects
Lack of access to financing can keep many otherwise worthy solar energy projects from being built in poor and underserved areas, but a solar crowdfunding site is helping to connect individual investors with solar energy businesses and working to bring affordable solar energy to communities around the world.
- Categories
- Energy
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Sankalp Forum announces 24 Indian social enterprises as Sankalp Awards Finalists for 2014
Finalists looking for nearly INR 200 Crores in impact investments over the next two years. Also competing for Sankalp People’s Choice Awards to be decided by the global online community.
- Categories
- Energy
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Duke Global Health Institute unveils cancer prevention partnership in Tanzania
The Duke Global Health Institute and Duke Cancer Institute have collaborated on a new Global Cancer Initiative that will be launched in Tanzania.
- Categories
- Education, Health Care
- Region
- Sub-Saharan Africa
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Is high blood pressure the new HIV epidemic?
High blood pressure could be as devastating to global health as HIV, a group of experts is warning.
- Categories
- Education, Health Care