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African Development Bank Earmarks €10 Million Equity Investment to Drive Africa Tech Startups
The investment will help Cathay-AfricInvest Innovation Fund meet its target of securing €110m to invest in over 20 early-stage ventures across sub-Saharan Africa.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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World Bank Lowers Growth Outlook, Eyes $170 Billion Emergency Funding
Problems pushed the World Bank to target a new emergency financing window of $170 billion for the world’s lowest-income nations.
- Categories
- Coronavirus, Finance
- Region
- Global
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Protecting Clients in a Crisis: Five Lessons BRAC Learned While Re-Engineering its Microlending Strategy During COVID-19
COVID-19 has had a harsh impact on small businesses and the people who depend on them – and this impact has also affected their lending institutions. As Sahed Shams Azad at BRAC Microfinance explains, pandemic-related business closures have prevented many borrowers from making repayments, disrupting their lives – and BRAC Microfinance's nearly billion-dollar monthly lending cycle. He explores the dramatic adjustments the organization has made to its operations in response to this crisis, and how it has protected its clients' best interests throughout the process.
- Categories
- Coronavirus, Finance
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IMF Approves $45 Billion Fund to Support Economic Resilience in Poor and Middle-Income Countries
The Resilience and Sustainability Trust will 'amplify the impact' of the $650 billion special drawing rights allocation implemented last August.
- Categories
- Finance
- Region
- Global
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JULO Raises US$80M from Credit Saison to Further Expand in Indonesia
JULO is one of the earliest in Indonesia to offer virtual credit card services. It raised funding from the likes of Skystar Capital, Saratoga Investama.
- Categories
- Finance
- Region
- South Asia
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72 Microfinance Institutions Join Inaugural Microfinance Index
Impact performance measurement of microfinance institutions in 41 countries will launch in Q2 2022 with support from sector leaders.
- Categories
- Finance, Impact Assessment
- Region
- Global
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Going Farther Together: A Recent Report Explores How Partnerships are Boosting Financial Inclusion in Nigeria
Nigeria missed its central bank’s target of 80% financial inclusion by 2020, and a new target has been set for 95% inclusion by 2024. According to Olayinka David-West and Ibukun Taiwo at the Lagos Business School, partnerships are an effective way to pursue this goal and serve the 38 million citizens who lack financial access. They share findings from a recent report that explores the state of Nigeria's digital financial services market, and highlight the critical success factors that can impact the effectiveness of partnerships in advancing financial inclusion.
- Categories
- Finance, Telecommunications
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Softbank Shifts Latin America Plan With New Early-Stage Spinout, Upload Ventures
SoftBank Latin America Fund announced that it is spinning out its early-stage Latin American investment arm into a new autonomous entity, dubbed Upload Ventures.
- Region
- Sub-Saharan Africa
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