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Nigeria clamps down on money transfers to the country
The Central Bank of Nigeria has suddenly changed its policy toward money transfer operators, effectively blocking many services used by Nigerians to send money to and from the country.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- cash transfers
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U.S. Small Business Administration and Grameen America Partner to Provide Microloans for Entrepreneurs
WASHINGTON -- The U.S. Small Business Administration (SBA) and Grameen America, Inc., a leading nonprofit microfinance organization, today announced a renewed partnership to extend a capital pipeline to underserved American entrepreneurs. Effective immediately, Grameen America will join SBA's Microloan Program as an intermediary lender recipient of $2.5 million.
- Categories
- Uncategorized
- Region
- North America
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World’s First Islamic Endowment Crowdfunding Platform Launched
Tun Abdullah Badawi, the former Prime Minister of Malaysia, has launched the Waqf (Islamic Endowment) crowdfunding platform or WaqfWorld. Described as the “worlds first” the new platform was announced at the 12th World Islamic Economic Foundation Forum (WIEF) held in Jakarta this past week The platform was developed in partnership with EthisVentures.com.
- Categories
- Uncategorized
- Region
- North Africa & Near East
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Press Release: SAJIDA Foundation partners with bKash to increase access to financial services for women using digital technology
SAJIDA Foundation, a non-governmental organization (NGO) providing microfinance services to poor and low income people in Bangladesh, and bKash Limited, a leading Mobile Financial Service (MFS) provider in the world, launched a new MFS-based microfinance initiative.
- Categories
- Uncategorized
- Region
- South Asia
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How the UN is using cellphones to improve conditions for Boko Haram victims
Since the conflict heightened in 2009, the United Nations Office for the Coordination of Humanitarian Affairs (UNOCHA) estimates “more than 20,000 people have been killed, and over 2,000 women and girls have been abducted. 2.5 million people have fled their homes, of whom 2.2 million are internally displaced, and 177,000 are seeking refuge in the neighbouring countries of Cameroon, Chad and Niger.”
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Impact Investing – A New Player in Protecting Human Rights?
This form of investing channel funds privately to vulnerable segments of the population in need, and it complements welfare and social protection programs by the public sector, as well as other innovations in financing development, such as community banking, microfinance, and mobile banking.
- Categories
- Uncategorized
- Tags
- impact investing
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Africa Tops 500m Mobile Users, Adds $150bn To Continent’s Economy
Africa now has half a billion mobile users, and the mobile ecosystem added $153-billion to the African economy in 2015, according to a new GSMA study, which predicts smartphone numbers will triple in the next five years.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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In 7 years, cash will no longer be king for most Indians
In the next seven years, cashless or digital transactions will overtake cash transactions in India — the world’s fastest-growing internet economy — which hopes to add over 300 million internet users by 2020.
- Categories
- Uncategorized
- Region
- South Asia
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