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India’s Mobile Payments Firm MobiKwik Reaches Rare Key Profit Milestone
The 10-year-old Gurgaon-headquartered firm said Tuesday it is now generating a profit excluding interest, taxes, depreciation and amortization.
- Categories
- Finance
- Region
- South Asia
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How a Trump Tax Break to Help Poor Communities Became a Windfall for the Rich
Many of the projects that will enjoy special tax status were underway long before the opportunity-zone provision was enacted. Financial institutions are boasting about the tax savings that await those who invest in real estate in affluent neighborhoods.
- Region
- North America
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Super Apps: WeChat, Go-Jek and Rivals Battle to Do It All in Asia
Although no one has counted the exact number of super apps in Asia, they are sprouting up everywhere, including some of the region's remotest corners.
- Categories
- Technology
- Region
- Asia Pacific
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M-Pesa Mulls Joining Nigeria’s Mobile Money Market
Safaricom, a major player in the East African Telco market and mobile money operator, will be considering its prospects in the West African zone with Nigeria as the key driver.
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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NGOs to be Grilled Over MFI Report in Cambodia
The National Bank of Cambodia and government yesterday cast doubt on a recent NGO report on microloans, demanding that those behind the critical claims provide evidence to support them in a closed-door meeting.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- microfinance
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BlackRock in Amazon: ‘World’s Largest Investor in Deforestation’
Of the 167 deforestation-risk companies identified by the researchers, BlackRock held shares in 61 of them - valued at $1.5bn by the end of last year.
- Categories
- Environment, Investing
- Tags
- impact investing
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TPG Lowers Fundraising Goal at Impact Fund After College Scandal
The initial hard cap for the second Rise Fund was $3.5 billion, according to filings, but was lowered in December to $3 billion, Bloomberg reported earlier this year.
- Categories
- Investing
- Tags
- ESG, impact investing
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EcoCash Bureau DE Change Launch to Spur Financial Inclusion in Zimbabwe
With a customer base of about 10 million, EcoCash will instantly dominate the bureau de change market share surpassing the combined transactions of more than 200 other licenced agencies countrywide.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech
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