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Viewpoint: The Race Against Economic Inequality Within Emerging Markets – a Case for SMEs
One of the great challenges of the 21st Century is the need to reduce poverty levels and economic inequality globally. Economic growth is the most powerful tool for reducing poverty and improving the quality of life in developing countries.
- Categories
- Investing
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The Quest for Financial Inclusion in Sri Lanka
Financial Inclusion is essential for continuous and sustainable economic development, according to the IFC (International Finance Corporation). This is no exception for Sri Lanka despite showing strong numbers in bank penetration.
- Categories
- Finance, Technology
- Region
- Asia Pacific
- Tags
- financial inclusion, MSMEs
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Mastercard Foundation and ICCO Cooperation Partner To Strengthen the Resilience of 80,000 Farmers in Senegal
ICCO Cooperation and the Mastercard Foundation have joined forces to support smallholder farmers in Senegal who were left reeling from the impact of COVID-19. The COVID-19 Recovery and Resilience Agrifinance Project (CORRAP), co-created with Senegalese producers, aims to support smallholders to recover from the pandemic and emerge stronger and more resilient to future crises and shocks.
- Categories
- Agriculture, Coronavirus, Finance
- Region
- Sub-Saharan Africa
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How COVID-19 Is Affecting Microfinance
Specifically, lower-income groups in developing countries and emerging economies face not only the prospect of abject poverty in many cases but also the likelihood that their financial systems may not be sufficiently robust to help them through these dark times.
- Categories
- Coronavirus, Finance, Technology
- Region
- Asia Pacific
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Press Release: 40,000 Young Women and Men in Nigeria Will Be Equipped Annually With Entrepreneurial Skills Through EDC Partnership With the Mastercard Foundation
The Enterprise Development Centre (EDC) announced a partnership with the Mastercard Foundation to launch the Transforming Nigerian Youths program.
- Region
- Sub-Saharan Africa
- Tags
- impact investing, MSMEs
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Mastercard Launches Pay-on-Demand Service
The ease and convenience of services backed with the emerging techs can dramatically improve the financial landscape in Africa.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Press Release: Tugende Closes USD $6.3 Million Toyota Tsusho-Backed Series A Investment Round
Tugende, a technology-enabled asset finance company operating in Uganda and Kenya, today announced the completion of a USD $6.3M Series A investment round, led by Toyota Tsusho investment fund Mobility 54.
- Categories
- Finance, Investing, Technology
- Region
- Sub-Saharan Africa
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Gender: The Blind Spot of the COVID-19 Response in Low- and Middle-Income Countries
The COVID-19 pandemic is imposing a disproportionately higher socio-economic cost on women. As Melinda Gates put it, “COVID-19 is gender-blind, but not gender-neutral.” Analysts at MSC discuss four potential types of fallout from COVID-19 that will have lasting socio-economic impacts on women in India and other low- and middle-income countries, based on multiple studies that MSC conducted between March and July of this year.
- Categories
- Coronavirus, Finance, Technology
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