Category: Finance

For the first time, there is comprehensive data on the risks facing digital financial services (DFS) users in the West African Economic and Monetary Union (WAEMU) region, and it highlights the need for more responsible digital finance ecosystems.  While digital finance services have lowered costs across the board and improved convenience for customers, they introduce […]

Sangita* was a sugarcane farmer struggling to make ends meet. Through Kanha Krishi Vanopaj Producer Company Limited, the farmer producer company (FPC) that she is a member of, she gained the training, experience, and support she needed to start a small retail business where she earns a profit of 200 INR (about USD 2.50) a […]

Bephine always arrives on time and in uniform. Several colorful patches are sewn onto her bright orange Hello Tractor jumpsuit, one for every technical course she has completed: Tractor Maintenance, Tractor Operation, Conservation Agriculture, Customer Care, and E-Extension. At each farm, Bephine arrives prepared for the job, ready with the tractor and implement required. Still, […]

Despite significant strides toward gender equality, the financial inclusion of women remains a pressing issue globally, with access to credit remaining a major barrier. Analysis by CGAP and MFR between 2019-2023 of over 300 microfinance institutions (MFIs) used data from the ATLAS database to explore the trends, challenges, and successes in closing the gender credit […]

The World Bank’s recent Global Economic Prospects for 2024 project that, by the end of 2024, people in about 25% of developing countries and about 40% of low-income countries will still be poorer than they were in 2019 before the pandemic. Since implementation of the CGAP VII Strategy began in July 2023, we have continued […]

“Strolling through the market in Harare, I approached a woman sitting on an upturned bucket. After some conversation, I learned that despite her market business she did not have a bank account. ‘But why?’ I asked incredulously. ‘This is where I am. I would love to visit a bank to open a bank account, but […]

It is impossible to entirely rid the global financial system of money that’s been involved with crime or terrorism in some way. There is, however, a lot that can be done to identify and combat money laundering and the financing of terrorism in the formal market. The question is, what is the price to pay […]

Billionaire Elon Musk has said he plans to commit around $45 million a month to a new pro-Trump super PAC, the Wall Street Journal reported on Monday, citing people familiar with the matter. Musk has reportedly contributed to the America PAC. However, the South African-born entrepreneur was not listed on a Monday filing by the […]

Israel was ranked 18th in the UBS Global Wealth Report with an average wealth of $260,000 per adult in 2023, up 14% from 2022, well above the average growth worldwide of 4.2%. According to the Swiss bank, the growth of median wealth in Israel was much weaker, indicating that wealth is growing at a much […]

Bank Leumi announced Thursday another step in its service revolution. In a precedent-setting step in the Israeli banking system, the bank’s customers – both private and business –  will receive the personal phone number of the manager or manager of the branch where their account is managed, and can contact them directly via WhatsApp for […]