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Kenyan Startup Ilara Health Raises $735k Seed Funding Round
Kenyan startup Ilara Health, which is bringing affordable diagnostics services to doctors, has raised a US$735,000 seed funding round to grow its offering in the East African country and ultimately beyond.
- Categories
- Health Care, Technology
- Region
- Sub-Saharan Africa
- Tags
- startups
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National Bank of Pakistan Partners With WorldRemit for Digital Money Transfers
The Pakistani diaspora living in over 50 countries, including the USA, UK, Canada and Australia, can now send money to NBP cash pickup locations using their smartphone.
- Categories
- Finance
- Region
- South Asia
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UNDP and Samsung Unveil Global Goals Partnership
Samsung Galaxy phones will carry the Global Goals app that defines each of the 17 goals showing users how they can take small actions towards achieving the SDGs.
- Categories
- Technology
- Tags
- global development, SDGs
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Grameen Bank Chairman Mozammel Haque Dies
He was appointed chairman of the bank in 2011, and served it until his last day.
- Categories
- Finance
- Region
- South Asia
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Think Big: Behind a Push to Unlock Billions in New “Catalytic” Capital for Global Development
The Global Impact Investing Network’s (GIIN) 2018 Impact Investor Survey shows a diverse and growing market. But the survey also finds a “particularly” wide gap in “appropriate capital across the risk/return spectrum.” Of the $288 billion in impact investment assets today, only 5 percent are allocated below market.
- Categories
- Investing
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Viewpoint: Africa Doesn’t Need More Development Aid, It Needs More Capitalism
In Asia, the fight against poverty and hunger has been so effective because so many Asian countries have implemented capitalist reforms. In China alone— thanks to the partial introduction of private property rights and free-market economics—the proportion of people living in extreme poverty has fallen from 88% in 1981 to below 1% today.
- Region
- Sub-Saharan Africa
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Viewpoint: Facebook’s Foray Into the World of Banking and Finance Is an Ethical and Regulatory Minefield
In particular, Libra is likely to flourish in highly remittance-dependent economies, like those of the Philippines, Bangladesh, Nepal, and the Pacific Island nations, because high remittance inflows will inject Libra into the local financial ecosystem. The average cost of remittances, globally, is 7 percent, which is scandalous.
- Categories
- Finance
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BRAC Changing With Changing Needs, but Ultra-Poor Still in Focus
BRAC, the world’s largest NGO, is changing its focus with the changing needs as well as Bangladesh context, but ultra-poor will still remain its ‘flagship’ development programme, new Executive Director Asif Saleh says.
- Region
- South Asia
- Tags
- NGOs, poverty alleviation
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