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Intra-African Remittance Market Set to Soar in 2020
The World Bank estimates that migrant workers within Africa send remittances in excess of $14 billion dollars each year, and in 2018 intra-African remittances represented 20% of global remittance flows according to Ecobank Group.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Migrant Returnees Turn to Mobile Money in Sudan
Sudan presents a complex and diverse migration profile as a source, transit and destination country at the centre of multiple migration routes and is host to several migrant populations.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital finance, migrants
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Q&A: Help Others or Go Bust, Migrant Billionaire Tells Big Business
Hamdi Ulukaya says the days of companies being run solely to maximise profit for shareholders are over.
- Categories
- Uncategorized
- Region
- North America
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Viewpoint: Immigrants Should Do More Than Just Send Money Home
Remittances are OK, but there’s no substitute for investment, growth and economic development.
- Categories
- Finance
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Remitly Raises $220M to Expand From Money Transfers to Financial Services, Now at ~$1B Valuation
CEO and founder Matt Oppenheimer said in an interview that the startup will use the money both to help it continue to keep growing that money transfer business and to catch new opportunities as they appear, in the form of new financial services for the immigrants and migrants that make up the majority of its customer base.
- Categories
- Finance
- Tags
- migrants, remittances, startups
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Chronic, Not Acute: The Refugee Crisis Needs Long-Term Solutions – And Social Enterprise Can Help
It’s time to stop addressing the global refugee crisis with short-term emergency measures, and to start seeking long-term solutions, says Thane Kreiner at Miller Center for Social Entrepreneurship. One of those solutions is entrepreneurship, and Kreiner shares five lessons from the Center's Social Entrepreneurship at the Margins (SEM) accelerator program for businesses serving or led by refugees and other displaced people. The Center is selecting its second SEM accelerator cohort, and applications are open worldwide until August 23, 2019.
- Categories
- Investing, Social Enterprise
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Press Release: Miller Center Seeks Enterprises Serving Migrants, Refugees, and Human Trafficking Survivors
Globally, there are 68.5 million people forcibly displaced from their homes -- 25.5 million of those are refugees -- and a record 258 million migrants, according to the United Nations Refugee Agency and the World Health Organization, respectively. The International Labour Organization estimates human trafficking is a $150 billion industry worldwide, with 40.3 million modern day slaves; 75% are women and girls.
- Source
- Press Release
- Categories
- Uncategorized
- Region
- North America
- Tags
- accelerators, migrants, refugees
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Initiative for Inclusive Investment in Mexico (3im) Announced to Grow Investment in Mexico Through the Inclusion of Displaced People
The Mexican Secretariat of Foreign Affairs (SRE) will accompany a group of cross-sector partners including the Refugee Investment Network and 17 Asset Management today to announce the Initiative for Inclusive Investment in Mexico (3IM). 3IM is a new cross-sector, cross-border partnership that will attract long-term strategic growth capital for investments in Mexico through the inclusion of displaced people in economic development projects.
- Categories
- Investing
- Region
- Latin America
- Tags
- impact investing, migrants, refugees
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