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Ethiopia’s plan to privatize and split up its mobile phone monopoly won’t be as easy as it looks
With over 100 million people, Ethiopia has had one of the world’s fastest-growing economies for years now. Yet the landlocked nation has remained poor, with a per capita income below $800, according to the World Bank. Its journey to become a lower-middle-income nation by 2025 has also been hampered, and currently ranks 167 out of 190 in the ease of doing business.
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Press release: New €200 million impact fund launched to scale agribusiness in developing countries
Small scale farming is one of the biggest industries in the world, with 500 million small farms and 2.5 billion people relying on small scale farming on a daily basis. The demand for impact investing in rural agriculture is growing as investors strive to end poverty and hunger to support the UN’s Sustainable Development Goals. The ABC Fund will also focus on creating employment, particularly for young people in Africa, to offer them an alternative to migration.
- Source
- Press release
- Categories
- Agriculture, Investing
- Region
- Sub-Saharan Africa
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Press release: CFSI & AARP Foundation Survey: Today’s Low- to Moderate-Income Adults Over 50 Face Difficult Financial Challenges
“For too many low-income older adults, the later years are a source of stress instead of something to look forward to,” said Lisa Marsh Ryerson, president of AARP Foundation. “AARP Foundation works across sectors to develop new, sustainable solutions so vulnerable older adults can achieve a more financially stable future.”
- Categories
- Finance
- Region
- North America
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Viewpoint: India’s fintech future looks bright, but it needs to find its raison d’être
Last year alone, venture capital investments into Chinese fintechs were more than 10 times larger than those in India, with 75 percent more deals.
- Categories
- Finance
- Region
- South Asia
- Tags
- digital finance, fintech
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Press release: MetLife Foundation and Visa Launch “Inclusive Fintech 50” to Elevate Early-Stage Fintechs Addressing Financial Inclusion
The "Inclusive Fintech 50" will culminate in a list of the most impactful, emerging fintechs that demonstrate the power of financial technology to expand access, usage and quality of financial services in advanced and emerging markets.
- Categories
- Finance
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CGAP 13th Annual Photo and Video Contest Winners Capture Resilience and Hope in Africa
In his thought-provoking image, Hesham Fathy shows a young Sudanese woman looking pensively into the horizon as she leans against a fence, which could either trap her or free her. Despite the poverty of the surrounding landscape, she holds a smartphone, giving her access to a world beyond her own.
- Categories
- Finance
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Paying for success: The story of how Utah became a leader in social impact investing
It's difficult to pin down exactly what the United States spends annually on social services, but a 2017 report from the Congressional Budget Office showed $1.2 trillion had been collected to fund social services. However, sometimes it can be difficult to tell if that money is being spent effectively or if real results are being achieved, said Jeremy Keele, former president and CEO of the Sorenson Impact Center, who was involved in implementing the preschool program. On the other hand, the Utah preschool program has measurable results.
- Region
- North America
- Tags
- impact investing
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India targets Facebook ‘evil’ in backlash against US giants
In the latest skirmish, the government is targeting Facebook Inc’s WhatsApp, the popular messaging service increasingly important to its parent’s bottom line.
- Categories
- Technology
- Region
- South Asia
- Tags
- public policy
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