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The New Face of Poverty: Why Unemployment isn’t the Issue – And How Financial Inclusion Can Help
When you think about poverty, what does it look like? Many people might picture an undernourished African child, or an elderly beggar sitting in the street. But as Oakam CEO Frederic Nze explains, the reality can be far different. Poverty today often involves the struggles of the working poor, and it’s defined less by extreme deprivation and more by lack of access – to clean water, to power, to basic education, and increasingly to the internet. Nze explores the implications of this shift for the financial inclusion and development sectors.
- Categories
- Finance, Telecommunications
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20,000 Ethiopian smallholders targeted with climate smart technology
CTA together with Farm Africa has launched a new project to promote the resilience of smallholder farmers against climate change in Ethiopia’s Southern Nations Nationalities and Peoples’ Region (SNNPR). The launch is the third and final of a CTA initiative that supports the scaling of proven climate smart agriculture technologies in Jamaica, Mali and now Ethiopia.
- Categories
- Agriculture, Technology
- Region
- Sub-Saharan Africa
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China’s CFPA Microfinance raises $140m in Series C led by The Rise Fund
The latest funding round adds The Rise Fund to CFPA’s list of big-ticket investors, which now include Ant Financial, China Foundation for Poverty Alleviation, IFC, Sequoia Capital China, High Impact Capital Advisors, and Renda Puhui.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Viewpoint: The Promise of AI in the Developing World
When it comes to technology, there is a common misperception that only the rich benefit. But the innovations behind gadgets like iPhones and robotic vacuums have the potential to boost development and prosperity throughout the Global South.
- Categories
- Technology
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Viewpoint: Should Paraguay invest its energy wealth in bitcoin ‘mining’ or fighting poverty?
The Itaipú dam is already enriching some, and they believe the country should invest more in cryptocurrency, while others argue it should spread Itaipú’s bounty more widely.
- Categories
- Energy, Technology
- Region
- Latin America
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In Kenya, free cash is the latest solution to poverty
Founded in 2010 and working in six African countries, Give Directly sends money straight to the poor allowing them to choose their own priorities, rather than outsiders "deciding instead of them", explains the non-profit's spokeswoman Caroline Teti.
- Categories
- Finance
- 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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