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JUMO Is Offering Social Impact Financial Products to the Unbanked
JUMO has operations in over 10 countries including South Africa, Uganda, Ghana, Kenya, Pakistan, Tanzania and Zambia with plans to open shop in Benin, Ivory Coast and Nigeria by 2021 (PHOTO/Courtesy)
- Categories
- Entrepreneurship, Finance
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Overthrowing the King: Could Central Bank Digital Currencies Replace Cash in Post-COVID-19 Africa?
Despite advances in digital technology, cash has remained the undisputed king of payments in sub-Saharan Africa. However, as Michaella Allen and Christine Hougaard at Cenfri explain, COVID-19 has placed a stigma on cash and led governments across the region to actively encourage digital payments. They explore the implications of this shift, and whether it could make central bank digital currencies a viable alternative.
- Categories
- Coronavirus, Finance, Technology
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Viewpoint: How 2020 Will Turn Us Into Better Impact Investors
One of the most reassuring things we’ve seen lately amidst the pandemic and the rallying for racial justice has been the way communities and industries have come together to give back and make an impact on those around them. But what will giving back and affecting change—both with our hearts and our wallets—look like once we emerge out of this?
- Categories
- Coronavirus, Investing
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Cash Transfers in the U.S. are Exploding: Here’s How to Make them Effective, During COVID-19 and Beyond
The U.S., like over 130 countries around the world, has deployed direct cash transfers to mitigate the hardships of COVID-19. But as Sheida Isabel Elmi and Rachel Black at the Aspen Institute Financial Security Program point out, many U.S. households were financially insecure even before the pandemic began. They argue that cash transfers should be an ongoing response to these vulnerabilities, and share research on how to leverage these programs for the fullest benefit.
- Categories
- Coronavirus, Finance
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COVID-19 Has Squeezed Migrants’ Remittances to Their Families
A new report highlights the potential gains from digitisation
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- Coronavirus, Finance
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Facebook’s WhatsApp Brings Digital Payment to Users in Brazil
Facebook Inc’s WhatsApp messaging service rolled out a system across Brazil on Monday that will allow users to send money to individuals or local businesses within a chat, attaching payments as they would a photo or video.
- Categories
- Coronavirus, Finance, Technology
- Region
- Latin America
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Have We Reached the Tipping Point in Racial Equity Investing?
In the past few weeks, racial equity and justice have been the central rallying cry, across the world. This has prompted many individuals and institutions to speak out against racial injustice, not least in the investing industry. On June 10, Confluence Philanthropy, a membership network of foundations and impact investors, launched a pledge for racial equity. The pledge is a commitment to “discussing racial equity at our next investment committee meeting.” As of June 13, 67 institutions have signed up, representing $533.96 billion in assets under management.
- Categories
- Impact Assessment, Investing
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Kenya’s Mobile Operators Progress With 5G Trials
Just released, this edition of Paul Budde Communication’s focus report on Kenya outlines the major developments and key aspects in the telecoms markets.
Read the full report: https://www.budde.com.au/Research/Kenya-Telecoms-Mobile-and-Broadband-Statistics-and-Analyses- Categories
- Technology
- Region
- Sub-Saharan Africa
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