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Patnis purchase stake in Grameen Capital India
Grameen Capital India (GCI) has announced that Amit Patni and Arihant Patni have acquired a stake in the company from original investor IFMR Trust. The Patni's after exiting their software services exports company to iGate in a $1.2 billion deal have started Nirvana Venture Advisors, a venture capital fund with focus on the internet space in India.
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- Investing, Technology
- Region
- South Asia
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ADB loans Bangladesh $300 mn to improve market
Dhaka, Nov 29 — The Asian Development Bank (ADB) and Bangladesh Thursday signed an agreement for $300 million loan to help the country stabilise its financial market, making it safer and more attractive to invest.
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- Uncategorized
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MICROCAPITAL BRIEF: MasterCard Foundation, CGAP Announce $11.4m Partnership for Branchless Banking, Client Research
The MasterCard Foundation, a Canada-based nongovernmental organization (NGO) supporting microfinance and education, and CGAP (Consultative Group to Assist the Poor), a US-based nonprofit policy and research center, recently announced a USD 11.4 million partnership to develop low-cost financial products to assist people living in poverty.
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- Uncategorized
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- microfinance
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Impact Investing’s Next Hurdle: Better Networking
Tess Mateo is a matchmaker. Her job is to interest private investors in projects throughout the world that will improve the quality of life for people and protect the environment. It is not unusual for her to touch down on four continents in the same number of weeks.
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- Uncategorized
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Fighting cancer with cell phones: Innovation to save lives in Africa
In countries such as Tanzania, where nearly 4,500 women die annually from the disease, the problem is exacerbated by an acute shortage of medical experts and a lack of quality screening services, especially in rural areas. But now a group of Canadian and Tanzanian health innovators have joined forces to apply simple and safe mobile technologies to improve cervical cancer screening and thus potentially reduce mortality rates in the East African country.
- Categories
- Health Care
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Three Things Governments Should Do For Social Entrepreneurship
Today, Europe’s leaders are discussing a $1,000 bn budget framework for the EU, and for the first time, there are budget lines for social entrepreneurship – although you may have to find them with a very large magnifying glass.
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- Uncategorized
- Region
- Europe & Eurasia
- Tags
- governance
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Symbiotics’ impact bond issuance platform lends 10 million dollars to AccessBank in Azerbaijan
Azerbaijan’s leading microfinance bank, AccessBank, received 10 million dollars through MSME Bonds, Symbiotics’ impact bond issuance platform, on November 20, 2012.
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- Uncategorized
- Region
- North Africa & Near East
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‘Rising Star’ Leila Janah on Fighting Poverty
Leila Janah is trying to find a way to connect women and young people living in poverty to dignified work via the Internet. Her company Samasource, which she founded in 2008, provides free, specialized technology training via 16 centers in nine countries, including India, Pakistan, Kenya, Haiti and Uganda.
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- Uncategorized
- Region
- South Asia