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Forget about Mobile Money, Invest in Insurtech Instead: The Untapped Triple Bottom Line Opportunity in Nigeria
Nigeria has one of the lowest insurance penetration rates in the world, at just 0.5%. But as Brian Yu at Shecluded explains, this low uptake means the industry is poised for disruption and growth. He explores how insurtech innovators are addressing the key problems plaguing the sector — namely, a lack of accessibility, affordability and customer trust — and calls for funders to look past their traditional focus on mobile money and invest in the insurtech businesses that are transforming the way the industry serves low-income customers.
- Categories
- Finance, Investing, Technology
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China Intensifies Tech War With US With $500 Million Subsea Internet Cable
The escalating tech war between the two economic giants and may threaten global internet infrastructure.
- Categories
- Technology, Telecommunications
- Region
- Global
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Fintech TerraPay Secures $100 Million via Series B to Expand Payments Infrastructure
The funding will help TerraPay’s global expansion plans, especially across the LATAM and MENA regions.
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- Finance
- Region
- Global
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IFC Announces a Sustainable Loan of $160 Million to Produbanco to Support the Blue Economy in Ecuador
The loan will be used to promote the blue economy and boost access to financing for Small and Medium Enterprises (SMEs).
- Categories
- Environment
- Region
- Latin America
- Tags
- blue economy, ESG, global development, MSMEs, waste, water
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Press Release: Miller Center & AlphaMundi Foundation Partner to Accelerate Scaling for High-Performing Enterprises
The partnership builds on AMF’s expertise in gender and climate investing to provide structured blended finance products to scale small-to-medium enterprises (SMEs) in Africa and Latin America,
- Categories
- Education, Environment, Social Enterprise
- Region
- Global
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Press Release: World Bank Approves $145 Million to Improve Water and Sanitation in Blantyre City
The project aims to improve water supply and sanitation services and enhance the operational and financial efficiency of the Blantyre Water Board.
- Region
- Global
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Press Release: USAID Announces New Partnerships and Ongoing Investments In Global Water Security and Sanitation at Historic UN Water Conference
USAID announced new commitments to global water security, sanitation and hygiene in support of the United States Global Water Strategy, 2022-2027, and the White House Action Plan on Global Water Security.
- Categories
- WASH
- Region
- Global
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How U.S. Businesses Can Compete with China in Emerging Markets: Transitioning from a ‘Death Economy’ to a ‘Life Economy’
For decades, American businesses working in emerging markets have prioritized profit maximization regardless of the social and environmental costs — an approach that economist and author John Perkins describes as the "death economy." But as China has supplanted America as the top investor and trading partner in many of these markets, Perkins attributes its success to its embrace of the ideals — if not always the practices — of sustainable development. He explores how China's promotion of a regenerative "life economy" has resonated in developing countries, and how U.S. businesses can respond.
- Categories
- Environment, Investing, Transportation