World Bank

Total 11 Posts

The growth of mobile money in Somalia comes with some risks

Mobile money transfers have become the norm in Somalia. Transactions total as much as $2,7bn a month.

South African artificial intelligence and drone startup closes Series A funding round

Aerobotics, a South African startup that uses machine learning and artificial intelligence to process satellite and drone imagery and deliver insights to farmers, reports that it has successfully closed a Series A funding round of approximately $2 million. The funding round saw participation from investors such as Nedbank Group, AgFunder,

Study hopes to help expand digital financial inclusion

A new study that hopes to help with expanding digital financial inclusion in emerging markets, including Afrika, has been announced. Titled "Aligning Expectations: The Business Case for Financial Inclusion", the study was published by the International Finance Corporation (IFC), a member of the World Bank Group, along with

From financial inclusion to financial health

Over the past decade, the push for financial inclusion has united governments, companies, technology entrepreneurs, and nonprofit organizations in dozens of countries on every continent — and with remarkable success. In 2011, only 51 percent of the world’s adults had a formal bank account. By 2017, as the World Bank

Financial boost for small businesses in Rwanda

The World Bank's International Finance Corporation (IFC) has given Rwanda's I&M Bank a $10 million subordinate loan. The IFC has said that this is to help the bank increase its lending to small businesses in Rwanda. Both financial organizations have stated that they hope this will boost economic

Report suggests that ride hailing apps boost women's income in Egypt and South Africa

A newly published report titled "Driving Toward Equality: Women, Ride-Hailing, and the Sharing Economy" suggests that ride-hailing platforms like Uber, Careem, and Taxify are boosting women's incomes in South Africa and Egypt among many other countries evaluated. The report by the World Bank's International Finance Corporation (IFC) also

20 top Afrikan startups enter World Bank Group's digital acceleration program

Twenty of the most promising African digital start-ups will take part in the XL Africa residency, the flagship initiative of the business accelerator launched last April by the World Bank Group’s infoDev program. From 6 - 17 November 2017 in Cape Town, the entrepreneurs will have the opportunity to