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Press Release: Expanding Digital and Financial Inclusion: World Bank Supports Morocco’s Reforms for Social and Economic Resilience
The World Bank today approved a US $450 million loan to support momentum in Morocco for reforms designed to increase public access to financial and digital services.
- Categories
- Coronavirus, Finance
- Region
- North Africa & Near East
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Kenyan E-commerce Startup Sky.Garden Raises $4 Million Series A Funding Round
Sky.Garden, a software-as-a-service (SaaS) platform for mobile commerce that is built specifically for African businesses, has closed a US $4 million round of Series A funding to accelerate its growth.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Press Release: Lack of Digital Infrastructure Risks Leaving Millions of Rural Families in Poverty – IFAD Makes Urgent Call on International Day of Family Remittances
Despite a massive increase in migrants sending money home via digital transfers due to the COVID-19 pandemic, millions of their rural family members struggle to access mobile banking services which could help lift them out of poverty.
- Categories
- Agriculture, Finance
- Region
- Global
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Carro Becomes Unicorn Following $360 Million Series C Raise, Plans to Go Public in 18-24 Months
Carro, a subscription-based service that allows customers to drive a car without the hassle of owning it, has plans to enhance its portfolio of financial services by expanding beyond in-house loan financing, as well as accelerate the development of its AI capabilities.
- Categories
- Finance
- Region
- South Asia
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Press Release: G7 Development Finance Institutions and Multilateral Partners to Invest over $80 Billion into African Businesses over the Next Five Years
The G7 DFIs, the IFC, the private sector arm of the African Development Bank, EBRD, and the EIB today announced that they were committed to investing $80 billion in the private sector over the next five years to support sustainable economic recovery and growth in Africa.
- Categories
- Coronavirus, Finance, Investing
- Region
- Sub-Saharan Africa
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El Salvador Becomes First Country to Adopt Bitcoin as Legal Tender After Passing Law
Lawmakers in the Central American country’s Congress voted by a “supermajority” in favor of the Bitcoin Law, receiving 62 out of 84 of the legislature’s vote.
- Categories
- Finance, Technology
- Region
- Latin America
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Analysis: Can Agricultural Insurance Help Guarantee Post-Pandemic Food Security?
In a world in which radical climatic events are increasingly affecting farm production, agricultural insurance is coming to be seen as a key solution for producers to bolster economic and food security.
- Categories
- Agriculture, Coronavirus, Finance
- Region
- Sub-Saharan Africa
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UNICEF Invests in Blockchain Startups for Financial Inclusion
UNICEF Venture Fund is awarding up to $100,000 to blockchain startups, including India’s GovBlocks, in its latest funding round. Here are the other projects.
- Categories
- Finance, Technology
- Region
- Global