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Fintech start-up NeoGrowth raises $35 million to help small retailers in India access credit
Fintech start-up NeoGrowth has raised $35 million (about Rs.225 crore) of equity from IIFL Asset Management and existing investors, including Accion Frontier Inclusion Fund, managed by Quona Capital.
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- Technology
- Region
- South Asia
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Last Mile in Style
Zipline, a Silicon Valley drone manufacturing firm, has contracted with the government of Rwanda to make last-mile blood deliveries. Starting this month, the drones will make between 50-150 deliveries per day to 21 transfusing facilities located in the western half of the country.
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- Health Care
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Smart Telecom joins East Africa’s mobile banking sector
Smart Telecom last week launched its mobile money service SMART PESA on to the Uganda market making it the latest telecom company to join East Africa growing mobile banking sector.
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- Technology
- Region
- Sub-Saharan Africa
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How capturing rain could save Mexico City from a water crisis
More than 10 million Mexicans lack access to safe water and its capital, Mexico City, is ranked third on the list of cities facing an extreme water crisis. But this is not because of natural water scarcity. In fact, Mexico City receives roughly five months of rain a year and is notorious for flooding.
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- Environment, Health Care
- Region
- Latin America
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India pushes to formalize impact investments
Putting in money for social development is believed to be the responsibility of either the government—as part of the welfare for its citizens—or charitable rich individuals and institutions.
- Categories
- Impact Assessment
- Region
- South Asia
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Tanzania: Concern As Higher Banking Fees Come Into Effect Today
Stakeholders say the increase threatens to reverse gains made in financial inclusion in the country. Banks have announced that fees charged on services such as withdrawals would increase following the government's decision to impose 18 per cent value added tax (VAT) on the charges.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Deposits up 118 percent over 21 months in India’s Jan Dhan financial inclusion program
The average deposit per account under the Pradhan Mantri Jan Dhan Yojana (PMJDY) - a financial inclusion programme launched by Prime Minister Narendra Modi in August 2014 - increased 118 per cent from Rs 795 in September 2014 to Rs 1,735 in May 2016, according to IndiaSpend analysis of government data.
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- Uncategorized
- Region
- South Asia
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Perspective: Stop Social Entrepreneurship
Social Entrepreneurship has become the new buzzword among start-uppers and venture capitalists across the world. Myths of ‘Hero-preneurs’ who change billions of lives are showcased daily by international foundations and leading economic media.
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- Uncategorized