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The key to a more productive classroom is more recess
More and more US banks are getting out of the money-transfer business, Dealbook notes (paywall). A series of money-laundering scandals, punished by eye-popping fines, has made them cautious: Bank of America, HSBC, Citigroup and JP Morgan have pulled out altogether, while BBVA is reportedly looking to sell off a business unit that handles wire transfers in Latin America.
- Categories
- Education, Impact Assessment
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Fraudulent Mobile Money Transactions by Staff Cost MTN Uganda Billions
Mobile telecoms operator MTN Uganda has a history of losses resulting from internal misappropriation of funds. In a number of cases, former employees — mainly trade developers, mobile money agents and cleaners of contracted cleaning agencies — have faced convictions for defrauding the company.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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What if everything we know about poor countries’ economies is totally wrong?
As China and India continue their fairly rapid paces of economic growth, a greater and greater share of extreme poverty is going to be concentrated in sub-Saharan Africa. But if we're going to make progress there, we need to have good numbers about how various economies are faring, how income is distributed within them, and so forth.
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Building Resilient Communities in the Philippines, Together
In November 2013, Typhoon Haiyan ravaged Central Philippines, displacing entire communities in its path. The catastrophic destruction drew a tremendous outpouring of support from around the world, and immediate relief efforts ensued.
- Categories
- Impact Assessment
- Region
- South Asia
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Setting a High Bar for Poverty in India
NEW DELHI — It is not uncommon for Indians to stand in a line to receive alms from a politician as he gives away clothes, pots and laptops that would make Apple laugh. This is a custom that has survived from a time when the theater of charity was enough to make the poor feel grateful. But they have since come to regard such alms as political buffoonery and now expect substantial assistance from the government.
- Categories
- Impact Assessment
- Region
- South Asia
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Safaricom and Kenya Commercial Bank Partner to Counter Equity’s Mobile Money Plan
KENYA Commercial Bank has partnered with Safaricom to offer a new product that converges financial and communication services to take on Equity Bank's planned mobile virtual network operation business.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Nigeria Launches National Bank Verification Scheme
VENTURES AFRICA – As part of the financial inclusion policy of the Financial Sector Strategy (FSS) agenda of ensuring Nigeria becomes one of the top 20 largest economies in the world by 2020, the Central Bank of Nigeria (CBN) has advised bank customers in Lagos to register and obtain their Bank Verification Number (BVN).
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Big Three Credit Rating Agency Courts Impact Investing at Right Moment
NEW YORK — It’s not without rhyme or reason that a credit rating agency like Moody’s Investors Service suddenly takes an interest in the impact investing field. For Mark Tulay, founder and CEO of Sustainability Risk Advisors and Sustainability ROI, this institution has good reasons to do so. “Credit raters see that climate change could, or likely will, lead to an environmental crisis that will create the next economic crisis,” said Tulay at the TBLI CONFERENCE USA 2014.
- Categories
- Uncategorized
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