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Nigeria’s Paga Is Succeeding Where Others Mobile Money Providers Failed
Paga, the biggest mobile money service provider in Nigeria, plans to increase its agents across the nation to 30,000 by 2018 as it seeks to become the county’s largest mobile financial access points across Africa’s most populous nation. The mobile money services provider, which was founded in 2012, currently has 10,104 agents in 35 states across Nigeria, with 3,000 in the commercial city of Lagos.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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It’s the Ecosystem, Stupid – Exploring the ‘Digital Poverty Stack,’ Part 1
Donor investments to leverage technology have largely failed to achieve their imagined potential, often producing sub-scale pilot projects which do not solve a real problem. Instead, donors should focus on building a “digital poverty stack,” a set of interoperable and reusable digital tools that can be built into a large number of applications.
- Categories
- Technology
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Microinsurance policies to be issued to half a million vulnerable people in India
The International Cooperative and Mutual Insurance Federation (ICMIF) will partner with Uplift India Association to enable over 200,000 microinsurance policies to be issued in India in the next five years, providing coverage to half a million low-income people in the country.
- Categories
- Uncategorized
- Region
- South Asia
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Nigerian Govt Rolls Out N1.6 Billion ‘National Women Empowerment Fund’
To facilitate growth and entrepreneurial development at grassroots level, and in line with the federal government's Social Investment Programmes, the Minister of Women Affairs and Social Development, Senator Aisha Jummai Alhassan has announced the roll out of a N1.6 billion naira special intervention fund tagged, 'National Women Empowerment Fund' (NAWEF), which is in partnership with the Ministry and Bank of Industry (BOI).
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Zambian Mobile Money Startup Zoona Raises $15M, Eyes 10 African Markets
Zoona, one of the leading money transfer service providers in Zambia and Malawi, raised $15 million in its second round of capital funding as it seeks to spread its operations to ten countries across Africa by 2020.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Oxfam, Visa seek wider financial inclusion for disaster readiness
International humanitarian organization Oxfam and electronics payments company Visa called for wider financial inclusion to improve disaster preparedness and recovery among poor and vulnerable communities.
- Categories
- Uncategorized
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Kenya Commercial Bank, MasterCard Foundation enter into $30m partnership to lift two million farmers
At least two million smallholder farmers in Kenya and Rwanda are set to benefit from a $30 million partnership to promote financial inclusion between the Kenya Commercial Bank (KCB) Group and The MasterCard Foundation.
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
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Zuckerberg Sells $95 Million In Facebook Stock For Philanthropic Organization
Facebook CEO Mark Zuckerberg has just sold a huge chunk of stock to fund his recently launched philanthropic initiative, according to a new regulatory filing on Wednesday.
- Categories
- Impact Assessment
- Region
- North America
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