Supporting the mindset of young entrepreneurs
Africa is currently home to more than 1 billion people, approximately half of whom will be under 25 years old by 2050. There is potential for this ‘youth bulge’ to become a demographic dividend, but if Africa’s persistent youth unemployment is not addressed, the youth bulge may lead to a demographic bomb.
Making markets work for everyone
The World Bank estimates that about 2.4 billion women of working age are not afforded equal opportunities in markets, with 178 countries maintaining legal barriers that prevent women from fully engaging in economic opportunities. Statistics such as this indicate that it is not enough to focus on macro objectives; we must understand how growth, trade and investment relate to broader development outcomes.
Yesterday's solution: A domestic card scheme in Nigeria?
The payment news article that caught our eye this month was the announcement that Nigeria – through its Central Bank, the National Interbank Settlement System and the Bankers Committee – intends to launch a domestic card scheme in 2023. Nigeria already has a private domestic card in Verve by Interswitch, which is partly owned by Visa Inc. Several others have been attempted by ValuCard, eTranzact and 3Line.
Farewell to 2022 | Message from our CEO Stephan Malherbe
2022 seems to have divided the world into East and West once more. But, argues Genesis CEO Stephan Malherbe, a different division is much more important to our future. This is the Young World, some four billion people in total, that has youth on its side, but also an impressive runway for future productivit
Devil in the details of raising capital requirement
The National Bank of Ethiopia (NBE) issued a directive in April 2021 that required the country’s commercial banks to increase their minimum paid-up capital. The Ethiopian banking sector comprises more than 20 banks, which collectively boast ETB 199 billion in capital. The devil is in the details as two public banks dominate the market, while half of the country’s banks have yet to meet the requirement.
How green is your trolley?
Mastercard recently commissioned a study in 24 countries that revealed that consumers are becoming more concerned about the environment and are changing their views on consumption and CO2 impact. In particular, 85% of adults are willing to do something on their own to help solve environmental problems.
The other COP: Biggest biodiversity conference in a decade
While many people are aware of the recently completed COP27, another important global conference will take place in Montreal from 7 to 19 December 2022. This is the 15th meeting of the Conference of the Parties on the UN Convention on Biological Diversity or COP15 where nations are expected to commit to targets on biodiversity for the next decade that will reverse biodiversity loss and secure a nature-positive world by 2030.
We recruit globally for young talent passionate about unlocking value
We really enjoyed meeting you at the recent careers fair. Genesis obviously caught your eye so we’d like to let you know a little more about us. We’re sure you don’t want to read reams of text, so instead we’d like to point you to some recent Genesis News.
What does Africa want from COP27?
The Conference of Parties (COP27), which runs from 6 - 18 November 2022 in Sharm el-Sheikh, Egypt, presents a fresh opportunity for African countries to come together and demand the support and finance needed to prevent temperature rise, to adapt to climatic changes, and to make a just transition to a low-carbon economy.
Participatory MEL brings the insights of learned experience
In participatory monitoring, evaluation and learning (MEL) a wide range of stakeholders are engaged and consulted throughout the process to help to ensure that a programme is relevant and more likely to yield impact. Under participatory MEL, these groups are consulted as experts about their own lived experience and these insights are incorporated into the programme and MEL design process.