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AI Can Do a Lot for Financial Services Penetration in the Hinterlands in India
The departure from a ‘brick-and-mortar’ structure to branchless banking (agent & mobile) can be attributed to ICT adoption by users. This has led to a structural and technical reform in the financial services landscape in the last decade.
- Categories
- Finance, Technology
- Region
- South Asia
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Nigeria Drops $2B MTN Tax Demand
The operator had vowed to fight the demand in court with the case due to begin on 30 January, having already been postponed a number of times. Legal action has now been called-off completely.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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BlackRock CEO Says the Climate Crisis Is About to Trigger ‘a Fundamental Reshaping of Finance’
In an annual letter to CEOs published Tuesday, BlackRock chief executive Larry Fink said: “Climate change has become a defining factor in companies’ long-term prospects."
- Categories
- Environment, Investing
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Egypt Launches Microfinance Incentives to Contain Informal Economy
Microfinancing seeks to provide capital needs for small farmers and the self-employed, home-based projects, day-to-day sellers and street vendors.
- Categories
- Finance
- Region
- North Africa & Near East
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Press Release: EcoVadis Secures c. $200M Investment from CVC Growth Partners to Accelerate Adoption of Sustainability Ratings Throughout the Globalised Economy
This transaction represents one of the largest investments in the ESG space to date and reflects a shared long-term vision for the importance of ESG to business success. EcoVadis will leverage the funding to scale globally and ingrain sustainability, fair labour practices and ethics into enterprise supply chains and business commerce.
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Meet the Zayed Sustainability Prize Finalists
This year, finalists include start-ups which have developed technologies to combat plastic waste and the spread of disease, as well as improving access to clean electricity.
- Categories
- Energy, Environment, Health Care, Technology
- Region
- North Africa & Near East
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Uganda’s Thirst for Hydropower Raises Fears for Environment
Last June, Bonang Power and Energy, a South African company, announced it had applied for a licence to build a 360MW hydro plant at Uhuru Falls – which is adjacent to Murchison Falls. It was a further blow to conservationists, already reeling from news that energy company Total E&P Uganda had been given approval to develop six oilfields in the park, to the north of Lake Albert.
- Categories
- Energy, Environment
- Region
- Sub-Saharan Africa
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MTN Cameroon Gets GSMA Mobile Money Accreditation
In a statement, the telco said that the certification followed "a rigorous, independent assessment" of the reliability of its financial services in December, describing the feat as "a source of pride" for the company.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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