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It’s really expensive for Africans to live in their own cities
For the last decade or so, lists of the world’s most expensive cities usually include London, Hong Kong, perhaps New York, and then at least one African city—recently it’s been Luanda, Angola or an unexpected city like N’Djamena, Chad.
- Region
- Sub-Saharan Africa
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Press release: Prodigy Finance Launches Refinance Product for International Working Graduates Looking to Reduce Financial Costs
Prodigy Finance, the pioneer in cross-border finance, announces the launch of a loan refinance product for international working graduates looking to reduce their student debt. The product will allow these alumni, who previously had limited options available to them, to save at least US$20,000 over the life of the loan, by accessing lower rates and choice of terms.
- Source
- Press release
- Tags
- financial health
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Press release: New Gender Lens Investing Tool Helps Drive Capital to Mutual Funds Supporting Gender Equality
Gender Equality Funds screens the specific holdings of about 5,000 of the most commonly-held U.S. mutual funds—including financial giants like Vanguard, BlackRock, and State Street—against a database detailing individual company performance on 12 key gender equality performance indicators. These 12 indicators measure policies that demonstrate a commitment to gender diversity and gender balance in the overall leadership, management, and workforce of companies, combining into an overall gender equality portfolio score for each mutual fund.
- Categories
- Investing
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Africa’s secret weapon for economic growth and global development
Evidence shows that family planning is essential to lower maternal and infant mortality. Although both have decreased in the past decades, still today over 300,000 women and girls die in childbirth or from pregnancy-related complications, including unsafe abortions.
- Categories
- Health Care
- Region
- Sub-Saharan Africa
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Microsoft connection: Capria fund, backed by Bill Gates, gets $20M from Paul Allen’s Vulcan
Allen’s investment arm Vulcan Capital committed $20 million to a fund being raised by Capria that will be used to back fund managers in “emerging markets.” Capria is raising $100 million for this fund and has selected the first couple firms it will invest in.
- Categories
- Investing
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ENGIE acquires controlling stake in Simpa Energy India
Simpa Energy India is the leading rural rooftop solar provider in India, selling solar home systems (SHS) to households and small businesses in rural areas of Uttar Pradesh, Bihar and Odisha.
- Categories
- Energy
- Region
- South Asia
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Virtusa launches API Exchange for financial inclusion
The platform will include an online global FinTech marketplace and sandbox platform. APIX will accelerate financial services innovation and inclusion by enabling collaboration between financial institutions and FinTech innovators.
- Categories
- Finance, Technology
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Press release: Citi and Banco Guayaquil Sign $20 Million Loan Agreement Benefiting Microfinance in Ecuador
With over 520,000 previously-unbanked clients that now have “Amiga Accounts” and a $70m loan book to finance microenterprises, Banco Guayaquil’s “Banco del Barrio” is one of the pioneering and most comprehensive inclusive finance programs in Latin America, significantly expanding access to financial services in Ecuador by leveraging a network of more than 4,400 non-bank customer touchpoints across the country.
- Categories
- Finance
- Region
- Latin America
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