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Kenya, Rwanda top region in financial inclusion
Kenya and Rwanda have the highest proportion of their adult populations accessing financial services, a newly-published report says, making them East Africa’s most financially inclusive economies.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Development-bank climate funds seek new dollars, as competition heats up
The $8.3-billion Climate Investment Funds (CIF), currently the world’s largest multilateral climate financing instrument, help developing states pursue low-carbon development that protects them better from wilder weather and rising seas.
- Categories
- Environment, Finance, Investing
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Viewpoint: Learning from Financial Inclusion Research: What Should We Expect?
There is a real puzzle in the world of financial inclusion: Where’s the impact? The question is not unique to financial inclusion, but it is a particularly pressing one.
- Categories
- Finance, Impact Assessment
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Remittances to developing world hit record in 2019: World Bank
Money transfers to poor and developing countries hit a fresh record in 2018 and should become their largest source of external financing this year, the World Bank said Monday.
- Categories
- Finance
- Tags
- remittances
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First-of-its-kind development impact bond launched in Cameroon to save newborn babies
The Cameroon Kangaroo Mother Care Development Impact Bond (Cameroon KMC DIB) aims to reach more than 2,200 newborns with life-improving care. Money will fund scale up of Kangaroo Mother Care (KMC) in Cameroon to help newborns survive and thrive.
- Categories
- Finance, Health Care, Investing
- Region
- Sub-Saharan Africa
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This new form of currency could transform the way we see money
CBDC may be issued for general use (“retail” CBDC) for peer-to-peer payments and payments from consumers to merchants; or for use by commercial banks and clearing houses (“wholesale” CBDC) for more efficient interbank payments that occur outside traditional correspondent banking and other payment systems.
- Categories
- Finance
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Major New UN Report Calls for Overhaul of Global Financial System
The report is a joint product of the Inter-agency Task Force on Financing for Development, which is comprised of more than 60 United Nations Agencies and international organizations.
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Kenyans turn to friends, relatives as lenders shy off
“Friends and family are the main financial solutions used by [a] majority of Kenyans when they run out of money to meet their day-to-day needs,” the survey found.
- Categories
- Finance
- Region
- Sub-Saharan Africa