Mobile banking closes poverty gap, By Jane Wakefield, May 28, 2010, BBC News: “Mobile banking has transformed the way people in the developing world transfer money and now it is poised to offer more sophisticated banking services which could make a real difference to people’s lives. Currently 2.7bn people living in the developing world do not have access to any sort of financial service. At the same time 1bn people throughout Africa, Latin America and Asia own a mobile phone. As a result, mobile money services are springing up all over the developing world. According to mobile industry group the GSMA there are now 65 mobile money systems operating around the globe, with a further 82 about to be launched. Most offer basic services such as money transfers, which are incredibly important for migrant workers who need to send cash back to their families. M-Pesa in Kenya is perhaps the most famous of these and it has attracted 9.4 million Kenyans in just under three years. Now it is ready to move to the next stage. M-Pesa, has recently partnered with Kenya’s Equity Bank to offer subscribers a savings account, called M-Kesho…”
Month: May 2010
Drought and Hunger – Niger, Africa
Millions face hunger in arid belt of Africa, By Jon Gambrell (AP), May 28, 2010, Modesto Bee: ” At this time of year, the Gadabeji Reserve should be refuge for the nomadic tribes who travel across a moonscape on the edge of the Sahara to graze their cattle. But the grass is meager after a drought killed off the last year’s crops. Now the cattle are too weak to stand and too skinny to sell, leaving the poor without any way to buy grain to feed their families. The threat of famine is again stalking the Sahel, a band of semiarid land stretching across Africa south of the Sahara. The U.N. World Food Program warned on Friday that some 10 million people face hunger over the next three months before the next harvest in September – if it comes…”
Income and Heart Attack Risk – Canada
Heart attacks more likely among those with lower incomes, By Eva Ferguson, May 28, 2010, Calgary Herald: “Canadians living in lower income areas need to be better educated about preventive health care, eating right and exercising, particularly in the area of cardio health, experts say, after a national report showed heart attacks are more likely among Canadians with lower socio-economic status. The Canadian Institute for Health Information released its 11th annual Health Indicators report Thursday, concluding that Canadians living in low-income neighbourhoods have higher rates of hypertension, diabetes, smoking and other cardiac risk factors. In 2008-09, almost 67,000 Canadians were hospitalized for a heart attack. After breaking down the Canadian population into five neighbourhood income levels, the report found that Canadians living in the least-affluent neighbourhoods were 37 per cent more likely to have a heart attack than those in the most affluent areas…”