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Zimbabwe Has Banned All Mobile Money Services as Its Currency Troubles Worsen
Mobile money platforms have been banned in Zimbabwe as the country’s local currency continues to lose value, with authorities desperately hoping to arrest the decline. But the move has left subscribers and users stranded in an economy which sees a huge portion of transactions flow through mobile money platforms due to long-term cash shortages at the banks.
- Categories
- Finance, Impact Assessment
- Region
- Sub-Saharan Africa
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Cash Is King: An Overlooked Way for Foundations to Multiply the Impact of their Investments
The top 1,000 U.S. foundations alone have over $31 billion in cash deposits – and according to Catherine Berman at CNote, that money could be used to amplify their impact. She argues that foundations could drive massive change – and advance their missions – by moving these funds out of traditional accounts and into community development financial institutions and credit unions.
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‘Opportunity Zones’ Fall Short on Helping Low-Income Communities, Study Finds
“Opportunity zones,” a cornerstone of the White House plan to combat racial inequality, have mainly helped large real estate projects while many low-income communities have yet to benefit, according to a new study.
- Categories
- Coronavirus, Finance, Impact Assessment, Investing
- Region
- North America
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The Pandemic is Hurting China’s Belt and Road Initiative
Some BRI projects are stalling as countries struggle to repay related debts.
- Categories
- Coronavirus
- Region
- Asia Pacific
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Social Entrepreneur Building Rural Economy, Urges MFIs to Launch Disaster Fund
Yunus, was speaking on June 6, Saturday, at a webinar organised by Sa-Dhan, the platform for Indian MFIs
- Categories
- Coronavirus, Environment, Finance
- Region
- Asia Pacific
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Report: 1 in 9 Rwandans Owns a Business
The Rwandan business scene has grown over the last 4 years with about 800,000 Rwandan adults owning a business, the recently released 2020 FinScope Survey Report shows.
The survey established that the number of Rwandans who own businesses had grown by 200,000 from 2016.- Categories
- Entrepreneurship
- Region
- Sub-Saharan Africa
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Facebook’s Libra Serves as Signal That Fintech Firms Like Visa, Paypal, Booking.Com Were Eager to Explore Stablecoins, Blockchain Advisor Argues
“An increase in the supply of Tether has been seen as a positive leading indicator especially for Bitcoin demand. The thinking is that increased issuance of Tether [leads to more] buying. Tether`s price fluctuates around $1. The issuing company, Tether, aims to manage the supply so that it does not trade at a significant premium or a discount for an extended period.”
- Categories
- Finance
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COVID-19 Has Stalled UN’s Goals to Reduce Global Hunger, Poverty and Climate Change
Crucial global goals to reduce hunger and poverty and curb climate change have gone backwards or stalled, the United Nations Secretary-General warns in a new report, as the Covid-19 outbreak moves from being a health crisis to becoming the “worst human and economic crisis of our lifetimes”.
The number of people suffering hunger has increased, climate change is occurring faster than predicted, and inequality is increasing within and among countries, António Guterres said in his Progress towards the Sustainable Development Goals or SDG 2020 report.- Categories
- Coronavirus, Environment, Finance, Health Care
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