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The rise of Africans Investing in Africa (AIA)
Foreign firms are not the only ones heavily investing in Africa’s numerous opportunities, shows the “Africa attractiveness survey 2013, getting down to business” published by Ernst & Young (E&Y). Increasingly, Africans, who were previously Missing In Action (MIA), are becoming Africans investing in Africa (AIA). Investments range from individuals in Africa, the diaspora, the private sector, governments, multilaterals and even social enterprises.
- Categories
- Impact Assessment
- Tags
- impact investing
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Unbanked consumers bypassing banks, going straight into mobile money, says Citigroup
Just as the mobile phone transformed the communications industry, it seems clear that mobile financial services are poised to transform the financial sector. Speaking on the second day of Mobile World Congress 2014 here in Barcelona, Michael Corbat, chief executive officer of U.S. multinational financial services company Citigroup, made the point that while more than 3 billion people have a mobile phone, only 2 billion people have a bank account.
- Categories
- Uncategorized
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Mobile banking spreading to Asia and Latin America
Mobile money services for people without access to the traditional financial system are spreading at an increasing pace beyond Africa, according to a report released yesterday (24 February) at the Mobile World Congress 2014 in Barcelona, Spain.
- Categories
- Uncategorized
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MTN and Ecobank offer Ghana subscribers access to cardless ATM services
MTN Ghana has partnered with Ecobank for the extension of cardless services to the bank’s ATMs across Ghana, allowing more than two million mobile money subscribers in the country to withdraw from Ecobank ATMs without using a card.
- Categories
- Uncategorized
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OPINION: Sustainable investment performance criticisms ‘out-of-date’
Arguments that sustainable investment approaches are too simplistic and don’t offer competitive returns have been labelled as “out-of-date” by Kevin Parker, chief executive of Sustainable Insight Capital Management.
- Categories
- Environment, Impact Assessment
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Kenya’s Equity Bank Seeks Share of Telco Business
An Equity Bank branch in Dadaab. In a move likely to upset the applecart in the telecom sector, Equity Bank has applied for a license to operate a mobile telephone business.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Community Foundations: What It Takes to Become Dynamic Hubs of Local Capital
What is preventing these anchor institutions from realizing their potential? What exactly is that potential, and how can community foundations shift to an impact investment strategy that really makes a difference to community success and resilience?
- Categories
- Impact Assessment
- Tags
- impact investing
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d.light Announces $11 Million Series C Financing, Expands Board of Directors
The Series C round included participation from all major investors, including DFJ, Omidyar Network, Nexus India Capital, Gray Ghost Ventures, Acumen Fund and Garage Technology Ventures. With the closing of Series C, d.light has raised a total of $40 million in capital.
- Categories
- Energy, Impact Assessment, Investing
- Tags
- venture capital
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