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Press Release: According To a New Siemens Stiftung Study, Social Enterprises Are Expected To Create Much Needed Jobs in Africa
The comprehensive analysis in 12 selected African countries estimates that, by 2030, 1 million new jobs can be created by local social enterprises (SEs).
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Press Release: Visa and STEMpower Partner To Drive Financial Inclusion and Job Creation in Ethiopia
A Bulgarian startup has found remote work in the AI industry for hundreds of refugees in the Balkans and the Middle East.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Analysis: Recovering the Missing Millions Owed To Africa’s Minigrids
Only a tiny percentage of international donor cash is going to projects, and it’s especially bad in Africa.
- Region
- Sub-Saharan Africa
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Press Release: IFC Provides $100 Million for Santander To Support Small and Medium Enterprises and Finance Renewable Energy in Brazil
IFC, a member of the World Bank Group, is providing a $100 million loan (equivalent to BRL560 million) to Santander Brasil to boost access to credit for small and medium-sized enterprises (SMEs). Half of this financing will be devoted to the commercialization of photovoltaic panels. Of the remaining amount, at least 20 percent will be directed to SMEs owned by women.
- Region
- Latin America
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A Phone Can Only Do So Much: Why Mobile Access Isn’t Leading To Digital Financial Service Usage Among Women in India
India has made significant progress in financial inclusion in recent years. However low-income working women are not benefiting from this momentum, even when they receive their wages digitally. To better understand why, BSR’s HERproject and MSC have researched the financial behaviors of female garment workers in India. Akhand Tiwari at MSC and James Steady at BSR explore the results, and discuss how the financial inclusion sector should respond.
- Categories
- Finance, Investing, Telecommunications
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Keeping Finance in the Family: How Intra-Family Accounts Can Help Low-Income Customers During COVID-19 – and Beyond
Banks in emerging countries often struggle to generate active usage of the accounts they offer to young people. Yet as Anne Marie van Swinderen at L-IFT points out, financial diaries research has shown that young people save frequently and significantly – especially when their earnings rise. She explores how intra-family accounts could help banks serve this challenging demographic during COVID-19 and in the longer term – while also expanding their financial services to other members of the family.
- Categories
- Coronavirus, Finance
- Tags
- COVID-19, financial inclusion, youth
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Viewpoint: Fintech in Africa: Reshaping the Financial Sector
Across many countries in Africa, fintech is improving financial inclusion and stimulating innovation and productivity in major sectors, such as the small and medium-sized enterprises (SME) sector and the agriculture sector, the backbone of the region's economy.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Press Release: Covid-19: Remittance Flows To Shrink 14% by 2021
International migration to fall in 2020 for the first time in recent decades
- Categories
- Coronavirus, Finance, Technology
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