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Canada finally gets into the development finance game — will it work?
FinDev Canada, Canada’s development finance institution (DFI), was launched earlier this year, and has pledged to invest $300 million over five years. Canada is the last G7 country to create a DFI.
- Categories
- Investing
- Region
- North Africa & Near East
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Queen Rania Foundation launches education entrepreneurship award
The Award includes a grant worth $200,000, which will be given to the top three start-ups, allowing the winners to accelerate the growth plans of their businesses.
- Categories
- Education, Entrepreneurship
- Region
- North Africa & Near East
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The Impact Of The Middle East’s Fintech Boom On Economic Inequality In The Region
History tells us that any new technology can lead to one of two diametrically-opposed social outcomes: the technology can help balance the distribution of global wealth, or it can deepen economic and social inequality.
- Categories
- Finance
- Region
- North Africa & Near East
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Nepal’s Largest Solar Project Gets $200 Million Impact Investment
The Investment Board of Nepal (IBN) has approved foreign investment of $200 million for the development of a 170 megawatt solar power plant, the largest-ever solar project in Nepal. It is the first phase of a project to build solar plants with a total installed capacity of 850 megawatt in Nepal.
- Categories
- Energy
- Region
- North Africa & Near East
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81 Designs: A social enterprise that marries art with women’s empowerment
The brand oversees a group of refugee women as they recreate the works of leading Middle Eastern artists in the traditional “tatreez” style of cross-stitching.
- Categories
- Entrepreneurship
- Region
- North Africa & Near East
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Afghanistan enlists faith-based banks to aid financial inclusion
World Bank data shows that only 15 percent of adults in Afghanistan have a bank account, while 16 percent cite religious reasons for not having one.
- Region
- North Africa & Near East
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After downturn, Islamic finance eyes profits, fintech: survey
Islamic banks and insurers are focusing on profitability and new financial products as the industry shifts away from years of containing the adverse impact of low oil prices, an industry body said on Wednesday.
- Categories
- Finance
- Region
- North Africa & Near East
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Tunisia operators make mobile money interoperable
Tunisia became the latest country to introduce interoperability between rival mobile money services, with the functionality set to be expanded to traditional financial institutions.
- Categories
- Finance
- Region
- North Africa & Near East
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