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Press Release: MCE Social Capital Announces the Final Close of Its Mesa Fund to Target Gender-Inclusive Agri-Businesses in Africa and Latin America
The investment rationale: expanding the potential of early-stage entrepreneurs and rural financial services providers.
- Categories
- Agriculture, Investing
- Region
- Global
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Asian Development Bank Provides $300 Million Loan to Boost Filipino Financial Inclusion
ADB’s Inclusive Finance Development Program, Subprogram 3, champions reforms that amplify financial inclusivity in the Philippines.
- Categories
- Finance, Technology
- Region
- South Asia
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Press Release: Report: 95% of Fintech Apps Across Africa Immediately Expose Valuable, Exploitable Secrets
Approov, the end-to-end mobile security provider, released a report showing that 95 percent of the most popular African banking and financial services apps contain easy-to-extract secrets.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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IFC Invests $50 Million in New LeapFrog Fund to Bolster Health, Financial Services Businesses in Africa
The latest fund will focus on growing businesses in healthcare and financial services by helping companies adopt digital solutions and offer new products that can reach underserved segments of the population.
- Categories
- Environment, Finance, Health Care, Investing, Technology
- Region
- Sub-Saharan Africa
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Arnur Credit Bags $9 Million from IFC to Aid Women-Led MSMEs in Kazakhstan
The project is aligned with IFC’s strategy in Kazakhstan to boost private sector-led growth through support to the financial sector and investments.
- Categories
- Investing
- Region
- Europe & Eurasia
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A $200 Billion Opportunity: What Payment Data Shows About the Rise of Africa’s Digital Economy
Africa’s digital economy is growing rapidly, and according to Agosta Liko at Pesapal, businesses, financial institutions and governments could add US $200 billion to the continent’s GDP in the next six years by supporting that growth. He shares payment data that highlights how, and where, digital transactions are happening in Africa — both online and in person — and explores what that means for the digital economy’s growth prospects in the region.
- Categories
- Finance, Technology
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Press Release: Bancolombia and Terrapay Sign Contract to Strengthen Cross-Border Remittances Across Colombia
As part of their collective commitment to enhance financial inclusion, the two companies will enable seamless cross-border transfers.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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In Pursuit of a Cashless Africa: Learning from Nigeria’s Struggle to Accelerate its Transition to Digital Finance
The use of cash for payments is dwindling globally, while the electronic payments industry is burgeoning. As Osahon Akpata at Ecobank points out, this growth is also happening in Africa, though cash still remains king. He highlights several factors that are driving both the growth of digital finance and the ongoing usage of cash on the continent, exploring how African countries can accelerate their transition to a cashless economy — and what they can learn from Nigeria's struggles in that area.
- Categories
- Finance, Technology, Telecommunications