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Tech Startups Are Flooding Kenya With Apps Offering High-Interest Loans
Tala has made $1 billion in microloans to people in developing countries, all using its app. It says it can reach those who’ve been ignored by banks, because its software generates instant credit ratings from data scraped off prospective borrowers’ phones. The company is part of the financial-inclusion movement, a loose coalition of tech companies, banks, and nongovernmental organizations trying to lift people out of poverty by offering them new ways to gain access to loans and other financial services.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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How Can Emerging Economies Navigate the Mobility Transition?
In a world characterised by rapid urbanization, inadequate infrastructure, congestion and deteriorating air quality, as well as economic inequality and an evolving rural landscape, an improved mobility ecosystem should be fundamentally accessible, affordable, connected and clean.
- Categories
- Transportation
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Press Release: BlackRock Creates Foundation to Advance a More Inclusive and Sustainable Economy
The BlackRock Foundation will broaden the firm’s philanthropic investments in economic mobility, financial resiliency and sustainability.
- Categories
- Investing
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Intra-African Remittance Market Set to Soar in 2020
The World Bank estimates that migrant workers within Africa send remittances in excess of $14 billion dollars each year, and in 2018 intra-African remittances represented 20% of global remittance flows according to Ecobank Group.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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The Surprising Strategy Behind the Gates Foundation’s Success
The Gates Foundation’s giving is enormous — but it still pales in comparison to what governments spend on similar programming.
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Press Release: Global Partnerships and Acceso El Salvador Announce New Partnership to Further Improve the Opportunities and Incomes of Salvadoran Smallholder Farmers and Fishers Through Expanding Into High-Value Processing
Global Partnerships Social Investment Fund 6.0 issued a $750,000 USD loan to Acceso Oferta Local – Productos de El Salvador (“Acceso El Salvador”). Acceso El Salvador is the leading local agribusiness working with smallholder farmers and fishers to boost agricultural productivity, create job opportunities, and cement long-term market linkages.
- Source
- Press Release
- Categories
- Agriculture, Investing
- Region
- Latin America
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Remittances: Moving People Move Money
New innovations in digital technology are rapidly changing the global remittance landscape.
- Categories
- Finance
- Region
- Asia Pacific
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New Technologies Have Historically Led to Increased Inequality—Not Anymore
New developments can be an amazing social equaliser: 3D printing is democratising manufacturing, while mobile banking provides easy access to banking services and increases the earning power of small businesses. But access to technology often dictates what opportunities are available.
- Categories
- Technology
- Region
- South Asia
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