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Press Release: Africa Minigrid Benchmarking Report Launched
New data confirms distributed energy minigrids most reliable, affordable option for African governments seeking effective rural electrification and improved livelihoods, but lengthy and unpredictable approvals stymie growth.
- Categories
- Energy, Environment
- Region
- Sub-Saharan Africa
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Standard Chartered & Airtel Africa Partner to Drive Financial Inclusion Across Africa
Standard Chartered Bank has announced that the bank has entered into a strategic collaboration with Airtel Africa to drive financial inclusion across key markets in Africa by providing customers with increased access to mobile financial services.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Why Mobile Money Growth Remains Stunted in Nigeria
The Central Bank of Nigeria (CBN) published the Financial Inclusion Strategy (FIS) setting financial inclusion target of 80 percent realisation this year. Due to challenges within the system, the apex bank revised it last year to 95 percent by 2024. Mobile money, a veritable tool for achieving this ambitious goal, remains in the limbo because of certain factors.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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The UN Development Goals Are ‘Seriously off Track,’ an Expert Says
Reducing inequality within and among countries is a Sustainable Development Goal that is not progressing, as evidenced in demonstrations that erupted in many parts of the United States and abroad this year.
- Categories
- Coronavirus, Education, Impact Assessment
- Tags
- financial inclusion, SDGs
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Avoiding Another Crash: How Global Standards Set after the 2008 Crisis Prepared the Financial System to Weather COVID-19
International standard-setting bodies have been working to strengthen global financial stability ever since the 2008 crisis. And according to Robin Newnham at the Alliance for Financial Inclusion, they are now playing vitally important roles in the global response to COVID-19. He explores how the global financial system is seeing the benefits of the reforms of the past decade – and how these efforts can expand in the future.
- Categories
- Coronavirus, Finance
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Analysis: How Powerful Is Financial Inclusion?
The story of the Freedman’s Bank suggests that fighting for trustworthy bank access can improve outcomes but isn’t enough to close the racial wealth gap.
- Categories
- Coronavirus, Finance, Impact Assessment
- Region
- North America
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Viewpoint: Fintech Innovators Can’t Let the Coronavirus Derail Financial Inclusion
Many of us take it for granted, but accessing basic financial services is fundamental to our economic and social development. It is hard to "get on" if you are forced to hide life savings under the mattress, or rely on predatory loan sharks for credit.
- Categories
- Coronavirus, Finance, Technology
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U.S.-Based Fintech Venio Launches Developing World-Focused Smartphone App to Make Nano Loans
The app is the first-ever smartphone-based nano lending service for developing countries, Venio said in a statement.
- Categories
- Coronavirus, Finance, Technology
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