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Sankalp & SOCAP enter global alliance to further Impact Investing market
Intellecap initiative Sankalp Forum announced a strategic partnership with Social Capital Markets, convener of the international SOCAP conference series, in San Francisco during SOCAP ‘13. Sankalp Forum is an enabling platform that helps social enterprises find investors, mentors and scale. And SOCAP works towards increasing the flow of capital towards social good.
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- Uncategorized
- Region
- South Asia
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- impact investing
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$30M Investment Fund Focuses on Detroit Housing
The Troy MI-based Kresge Foundation and a Washington nonprofit on Tuesday announced a $30 million effort aimed at building housing along Detroit’s Woodward Avenue corridor. The project will be called the Woodward Corridor Investment Fund, and will provide long-term fixed rate loans that aren’t now available through traditional financing. The aim is to allow developers to move quickly on construction projects.
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- Investing
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- housing
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Apollo pins hopes on affordable healthcare
Apollo Hospitals will bank on its own revenues for its rural healthcare drive under the brand Apollo Reach, with an aim at faster return on capital expenditure. “We have 10 Reach hospitals in operation. In the next three years, we’ll have 1,300 beds set up in Tier I cities, and another 1,100 in Tier II cities,” said Joint Managing Director Suneeta Reddy. Setting up a Reach hospital in a Tier II city will cost about Rs 50 lakh, which is less than half of what it takes for a healthcare centre in a city, she said. Each Reach hospital has about 120 beds.
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- Health Care
- Region
- South Asia
- Tags
- public health
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Social Business Finalists Unveiled in the Siemens Stiftung ‘Empowering People’ Award
The Siemens Stiftung organized an international competition to find simple but intelligent technological solutions with the capacity to sustainably improve the lives of people in developing countries. The international jury will announce the top three winners at the Award Ceremony in Nairobi. They will receive prize money of 100,000 EUR in total. From now until October 21st, anyone can take part in the online voting and choose their personal favourite for the special community prize.
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- Uncategorized
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Indonesian farmers need innovative financing to boost productivity
The Indonesian Chamber of Commerce and Industry (Kadin Indonesia) is calling for better access to finance for farmers to help increase their productivity.
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- Agriculture
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Safaricom Cautions Kenya Over Higher Taxes
Kenyan mobile operator, Safaricom, has warned the government that further increases in Excise Tax – a duty levied on goods or services for sale – will make mobile payment services less affordable for poorer citizens.
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- Technology
- Region
- Sub-Saharan Africa
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Editorial: E-banking requires better technology support for operation
Mobile banking is gaining ground among the people of the country since the Bangladesh Bank (BB) formulated a guideline nearly two years ago. Mobile banking grew at a faster pace, proving that it is more useful than the formal banking. Transaction through mobile banking service has been increasing at a rate of 20 per cent every month. Some 7.2 million people now make the use of different services under mobile banking services through more than one lakh outlets across the country.
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- Uncategorized
- Region
- South Asia
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Digital payments key to financial inclusion, says Gates report
Digital payments systems are key to providing wider access to financial services, but customers in developing countries may have to pay each time they use them in order for the economics to stack up, according to a new report on financial inclusion from the Bill and Melinda Gates Foundation.
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- Uncategorized