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New Coalition Looks to Align Business Goals With Impact Investing
A three-year program, including a global inclusive growth accelerator and fund, will be supported by robust measurement and analysis led by the OECD. B4IG will focus primarily on G-7 countries for now.
- Categories
- Investing
- Tags
- impact investing
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Desperate Zimbabweans Use Cell Phone Transfers to Get Cash
The World Bank says increased use of mobile money is a welcome sign of a greater proportion of the population engaged in the banking sector. Yet, in Zimbabwe it is more a matter of the difficulty and the cost for ordinary folk of getting ready access to cash.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Why Charities Are Launching For-Profit Businesses
“If you have a business and start a nonprofit, no one thinks twice,” Pipkin says. “But if you start a nonprofit and then start a business, people think, Wait a second.” That’s beginning to change. All three nonprofits ultimately entered the moneymaking game. It is, they believe, the next phase of social entrepreneurship.
- Categories
- Uncategorized
- Tags
- nonprofits
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Viewpoint: Stakeholder Capitalism: Intention is the First Step toward Accountability
Maybe someday soon, we will be able to know how well a company treats its employees or contributes to climate change, as part of its regular filings. With more actions, we’ll get more data and start to understand which actions lead to better financial performance, and which might not, but will be viewed as worth doing by Americans and the company’s shareholders anyway.
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US Aims to Double Financing in Latin America to $12 Billion
In addition to loans, loan guarantees and political risk insurance, the U.S. International Development Finance Corporation will have the authority to make limited equity investments with a $60 billion cap.
- Categories
- Finance
- Region
- Latin America
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Viewpoint: What Companies Are For
However well-meaning, this new form of collective capitalism will end up doing more harm than good.
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Microlending Goes Digital, Piling Debt on Millions
In Kenya, Africa’s financial-technology pioneer, there are now more people keeping money on their phones than in banks. Almost one-fifth of mobile-banking borrowers there defaulted last year – like Barasa, who has failed to pay three separate loans.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Study: Mobile and Social Media Users in Emerging Markets Have More Diverse Social Networks
Instead of isolation, the study found that smartphone users in these markets, and particularly those who also used social media, were more regularly exposed to people with different racial and ethnic backgrounds, different religious preferences, different political parties and different income levels, compared to those without a smartphone.
- Categories
- Technology
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