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This non-profit turns to wealthy, young crypto donors in order to fund social projects
A non-profit called the Social Alpha Foundation is crusading to use cryptocurrency donations as grants. The grants will be awarded to entities dedicated to projects related involving social impact and blockchain education.
- Categories
- Technology
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Press release: Fintech activity in Latin America spreads to 18 countries
The report provides data which, while illustrating the challenges that the industry faces, also reflects an inevitable transformation of the financial sector and the role that entrepreneurs play in accelerating innovation and changing the way in which people have interacted until now with financial services.
- Categories
- Finance
- Region
- Latin America
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World Bank’s $172 million loan to make farming viable in Andhra Pradesh, India
World Bank has signed an agreement with the government of India and government of Andhra Pradesh to extend a loan of $172.2 million to help turn farming in Andhra a financially viable activity.
- Categories
- Agriculture
- Region
- South Asia
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Kenyans in diaspora now remit four times more cash
The remittances have been the country’s largest source of foreign exchange (international currencies) since 2015 when they overtook earnings from tea exports.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- remittances
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Press release: The Trade and Development Bank and USAID Sign Memorandum of Understanding to Power Africa
At the signing, the Trade and Development Bank’s President and Chief Executive, Mr. Admassu Tadesse, said, “TDB is very pleased to deepen its existing partnership with USAID in further support of the Power Africa Initiative, which resonates strongly with TDB’s strategy and mandate. We are proud to count USAID among our growing number of cooperating trade and development finance partners in the US.”
- Source
- Press release
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Press release: OPIC and Liberty Mutual Insurance Launch $1 Billion Agreement to Catalyze Private Sector Investment in the Developing World
This is OPIC’s first agreement with a U.S. owned insurance company to share credit risk across a global portfolio of new OPIC-originated loans to commercial banks and other non-bank financial institutions.
- Region
- North America
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Viewpoint: How AI will transform India’s job scene
It will prod policy-makers to re-skill workers, rethink social policy, and examine the employment potential of new sectors
- Categories
- Technology
- Region
- South Asia
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Zimbabwe to review mobile money tax after backlash
Using official 2017 statistics on total mobile money transaction value, the tax hike increases government takings from the service by almost ten times.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech, public policy
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