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Disconnects Between Minigrid Policy Stakeholders Keep Sector’s Bankability at Bay
Minigrids have yet to scale on a trajectory reflective of their massive potential.
- Categories
- Energy, Finance, Technology
- Region
- Sub-Saharan Africa
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Press Release: WorldRemit Sees Remittances To Zimbabwe Double in Six Months and Introduces New Retail Partnership With Ok Zimbabwe
Earlier this year, the World Bank forecasted that in the wake of the Covid-19 economic crisis, remittance flows to Sub Saharan Africa would fall by 23.1%. However today, WorldRemit, the global online money transfer service has reported that the demand for their remittance services to Zimbabwe continues to grow at an accelerated rate and has doubled in the last six months for the company.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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The Quest for Financial Inclusion in Sri Lanka
Financial Inclusion is essential for continuous and sustainable economic development, according to the IFC (International Finance Corporation). This is no exception for Sri Lanka despite showing strong numbers in bank penetration.
- Categories
- Finance, Technology
- Region
- Asia Pacific
- Tags
- financial inclusion, MSMEs
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African Money Transfer Firms Thrive as Pandemic Spurs Online Remittances
Having fled an economic implosion in his native Zimbabwe, Brighton Takawira was able to support his mother back home with modest earnings from a small perfume business he set up in South Africa. Then the pandemic struck. Borders closed. The buses he had used to send his cash stopped running.
- Categories
- Coronavirus, Finance, Technology
- Region
- Sub-Saharan Africa
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Press Release: Global Impact Investing Network Raises the Bar on the Real-World Outcomes of Impact Investing With a Focus on Impact Performance
Standardization of impact performance analytics will drive development of benchmarks and ratings.
- Categories
- Agriculture, Environment, Finance, Impact Assessment, Investing
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Fintech Startup TeamApt Now Operates Nigeria’s Largest Non-Bank Mobile Money Platform
Moniepoint, the mobile money platform launched last year by Nigerian fintech startup TeamApt, has become the largest non-bank mobile money service in the country, processing 13 million transactions monthly.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Ripple Donates $10 Million To Mercy Corps To Accelerate Financial Inclusion in Emerging Markets
Ripple, an enterprise blockchain solutions for payments, has announced a $10 million USD contribution to Mercy Corps to expand financial inclusion and increase economic empowerment globally.
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Mastercard Foundation and ICCO Cooperation Partner To Strengthen the Resilience of 80,000 Farmers in Senegal
ICCO Cooperation and the Mastercard Foundation have joined forces to support smallholder farmers in Senegal who were left reeling from the impact of COVID-19. The COVID-19 Recovery and Resilience Agrifinance Project (CORRAP), co-created with Senegalese producers, aims to support smallholders to recover from the pandemic and emerge stronger and more resilient to future crises and shocks.
- Categories
- Agriculture, Coronavirus, Finance
- Region
- Sub-Saharan Africa