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Impact investing task-force created to draw in the private sector in South Africa
The task-force’s mission is to mobilise capital that will go into growing small businesses, dealing with unemployment and inequity, as well as investing in economic and social infrastructure such as education and healthcare facilities.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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The Pope likes this kind of investing
At the inaugural conference, Pope Francis called for "markets (to) serve the interests of peoples and the common good of humanity."
- Categories
- Investing
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Press release: Nine new projects focused on financial inclusion to receive more than US $9 million
Lindsay Wallace, Director of Strategy and Learning at the Mastercard Foundation, said: “The aim of the FRP has always been to enable smallholder farmers and poor people living in rural Africa to reach their full potential by supporting new private sector initiatives that provide access to financial services. We’re very happy to see this latest round of selected firms, demonstrating the depth and breadth of ideas and action plans that will do just that.”
- Categories
- Finance
- Region
- Sub-Saharan Africa
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USAID and Musoni Microfinance sign $8 million loan guarantee agreement to boost Kenya’s agricultural sector
Small scale farmers, individuals, associations, cooperatives and micro, small and medium enterprises (SMEs) in Kenya will be the key beneficiaries of this guarantee.
- Categories
- Agriculture, Investing
- Region
- Sub-Saharan Africa
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Press release: Upaya Social Ventures Will Fund Its Next Investments from A Recoverable Grant Pool
Upaya Announced $2M to expand its job-creating investments, including an innovative $1M Pool of Recoverable Grants that will be used to fund its next investments; the first term sheet has been presented to an agribusiness enterprise.
- Categories
- Investing
- Region
- South Asia
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Tableau pledges to donate $100M to help health, human-rights groups
Tableau Software will donate $100 million in technology resources and grants through 2025 to assist global health and equality organizations, increasing its foundation’s size significantly in its fifth year.
- Categories
- Health Care
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Making AI Work for Africa: Why Google Must Go Local with its New Research Center in Ghana
In June, Google announced that it would open an Artificial Intelligence (AI) research center in Accra, Ghana later this year – one more sign of Africa’s vast untapped potential for AI innovation. But since developing countries will be hit hardest by manufacturing job losses caused by AI-fueled automation, Google must avoid “merely creating an African outpost for its pre-existing research efforts,” says Ghanaian entrepreneur Timothy Kotin. He explores the transformation impact that companies like Google could make if they invest in regional talent to develop locally relevant AI solutions.
- Categories
- Technology
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Nobel winner Muhammad Yunus wants two financial systems—one for the rich and one for the poor
Last month, the 10-year-old US division of Grameen announced that it had provided more than $1 billion in loans to 106,000 women. Over the next decade, it plans to provide $1 billion in loans every year, and nearly double the number of branches, to 42.
- Categories
- Finance
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