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Ghana Receives Support to Strengthen its Financial Sector and Promote Inclusion
“This project will support Government’s plan to undertake reforms to deepen financial markets, promote inclusion, enhance the supervision and regulation of specialized deposit-taking financial institutions in line with Ghana’s National Financial Inclusion and Development Strategy,” said Henry K.G. Kerali, World Bank Country Director for Ghana.
- Region
- Sub-Saharan Africa
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Press release: WaterEquity announces the first closing of its US $50 million impact investment fund
WaterEquity, the first-ever impact investment manager with an exclusive focus on ending the global water crisis, announces the first close of its US $50 million flagship fund—WaterCredit Investment Fund 3 (WCIF3)—at US $33 million. Investors include Bank of America, the Overseas Private Investment Corporation (OPIC), Ceniarth LLC, Niagara Bottling, as well as the Conrad N. Hilton, Skoll, and Osprey Foundations. A second-close is projected before year-end.
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Report: New Earth imagery platform aims to tackle global challenges including disasters
“As global threats like climate change rapidly grow, observation systems and analytical technologies such as machine learning allow us to analyse landscapes and communities at a scale that was previously impractical and inaccessible to global development practitioners,” said Anne Hale Miglarese, founder and CEO of Radiant Earth Foundation.
- Categories
- Technology
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Africa’s fintech startups are innovating out of need and global investors are backing them
After pulling in almost a third of total funding raised by startups on the continent in 2017, the hot streak for African fintech businesses has continued this year. Among recent big-ticket deals in 2018, Cellulant, a digital payments solution company, raised $47.5 million in one of the largest Series C rounds for a solely Africa-focused venture-funded company.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Viewpoint: AI Could Devastate the Developing World
Most studies of the impact of artificial intelligence on jobs and the economy have focused on developed countries such as the U.S. and Britain. But through my work as a scientist, technology executive and venture capitalist in the U.S. and China, I’ve come to believe that the gravest threat AI poses is to emerging economies.
- Categories
- Technology
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Interview: The African youth boom: what’s worrying Bill Gates
The philanthropist warns that stability in Africa makes a huge difference to the world, and that investing in the health and education of its young people is vital.
- Region
- Sub-Saharan Africa
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A Generational Challenge: What We’ve Learned About Addressing Youth Unemployment
Youth unemployment is a pressing issue in developed countries, but in emerging economies, the situation is even more dire. Unemployment rates of 20 percent or higher are common, with some countries reaching as high as 50 percent. Effective solutions will require an urgent, concentrated and collaborative effort, say Emily Coppel of BRAC USA and Patricia Langan of Save the Children. They outline three key lessons for addressing this challenge, previewing a Sept. 24 forum where some of the top development organizations, research institutes and donors will discuss a path forward.
- Categories
- Impact Assessment
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Which Foreign Aid Programs Work? The U.S. Runs A Test — But Won’t Talk About It
Handel wasn't ready to propose completely scrapping traditional programs in favor of cash aid. But at the very least it seemed reasonable to make sure that any given traditional program produced more benefits than simply giving people an equivalent amount in cash. In other words, he wanted to use cash aid as the benchmark by which all other forms of aid are judged.
- Region
- North America
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