Category: Africa

MICROCAPITAL BRIEF: Ecobank, Old Mutual Partner to Distribute Microinsurance in Africa

Ecobank Group, an arm of Togo-based Ecobank Transnational Incorporated (ETI), and Old Mutual Emerging Markets, an arm of South Africa’s Old Mutual Group, recently announced an agreement to provide Ecobank’s customers with Old Mutual’s “life insurance, savings and short-term insurance solutions across a greater network on the African continent.” Specific plans for the rollout have not been released. Continue reading

Share
Written by Comments Off on MICROCAPITAL BRIEF: Ecobank, Old Mutual Partner to Distribute Microinsurance in Africa Posted in Africa

MICROCAPITAL BRIEF: ResponsAbility Investments Loans $15m to Trustco of Namibia for Education Funding

ResponsAbility Investments AG, a Swiss company specializing in investments in areas such as fair trade, recently informed MicroCapital that it has agreed to loan USD 15 million to Trustco Group Holdings Limited (Trustco), a company based in Windhoek, Namibia, that specializes in microfinance, micro-insurance and financial education. Continue reading

Share
Written by Comments Off on MICROCAPITAL BRIEF: ResponsAbility Investments Loans $15m to Trustco of Namibia for Education Funding Posted in Africa, Deals, Key Players

MICROCAPITAL BRIEF: Tanzania’s National Microfinance Bank (NMB) Selling $9m in Bonds for On-lending

The National Microfinance Bank (NMB), an institution backed by the government of Tanzania, recently began offering retail bonds in amounts starting at TZS 500,000 (USD 228) with a 13 percent interest rate per annum. The bond issuance, which has been approved by the country’s Capital Markets and Securities Authority (CMSA), will remain open until June 8, 2016. Continue reading

Share
Written by Comments Off on MICROCAPITAL BRIEF: Tanzania’s National Microfinance Bank (NMB) Selling $9m in Bonds for On-lending Posted in Africa

MICROCAPITAL BRIEF: IFC Invests $25m in Debt in First National Bank Zambia, Primarily For Agricultural SMEs

International Finance Corporation (IFC), a member of the World Bank Group, recently loaned USD 25 million to First National Bank Zambia (FNB Zambia), a subsidiary of FirstRand Group South Africa. Continue reading

Share
Written by Comments Off on MICROCAPITAL BRIEF: IFC Invests $25m in Debt in First National Bank Zambia, Primarily For Agricultural SMEs Posted in Africa, Key Players

MICROCAPITAL BRIEF: World Bank, Rabobank Foundation Seek to Replicate Albanian Cooperative Financial Institutions Consolidation of Agricultural Cooperatives in Albania

The World Bank, member of US-based multilateral World Bank Group, and the Rabobank Foundation, the “social fund” of the Dutch bank Rabobank, recently teamed up to consolidate agricultural cooperative financial institutions (CFIs), organizations set up by farmers to gain access to financing. Continue reading

Share

MICROFINANCE EVENT: Financial Inclusion Advocacy Centre, GHAMFIN Present International Investors Conference for Microfinance Institutions in the West-African Sub-region, July 13-15, 2016, Accra, Ghana

Event Name: International Investors Conference for Microfinance Institutions in the West-African Sub-region

Event Dates: July 13-15, 2016

Event Location: Accra, Ghana Continue reading

Share
Written by Comments Off on MICROFINANCE EVENT: Financial Inclusion Advocacy Centre, GHAMFIN Present International Investors Conference for Microfinance Institutions in the West-African Sub-region, July 13-15, 2016, Accra, Ghana Posted in Africa, Events

MICROCAPITAL BRIEF: Agence Française de Développement (AFD) Loans $12m to Enda Tamweel of Tunisia

Agence Française de Développement (AFD), the overseas development agency of the French government, recently provided TNR 22.8 million (USD 12 million) in debt funding to Enda Tamweel, the agricultural and livestock microfinance division of Tunisia-based microfinance organization Enda Inter-Arabe. Continue reading

Share

MICROFINANCE PUBLICATION ROUND-UP: Financial Diaries of Small-Scale Farmers in Mozambique, Pakistan and Tanzania; Rural Finance in India; Questioning Fundamental Assumptions in Financial Inclusion

“Financial Diaries with Smallholder Families;” by J. Anderson, W. Ahmed; published by CGAP (Consultative Group to Assist the Poor); February 2016; 108 pages; available at http://www.cgap.org/publications/financial-diaries-smallholder-families

This report investigates the financial situations of 270 families in Mozambique, Pakistan and Tanzania and the challenges they faced pertaining to agriculture, finance, health and education. The authors offer the following recommendations: (1) non-commerical smallholders in Mozambique would benefit from improved agricultural production and crop storage methods; (2) Tanzanian households should diversify their savings methods; and (3) Pakistani farmers would benefit from tools that may improve their relationships with middlemen. Continue reading

Share
Written by Comments Off on MICROFINANCE PUBLICATION ROUND-UP: Financial Diaries of Small-Scale Farmers in Mozambique, Pakistan and Tanzania; Rural Finance in India; Questioning Fundamental Assumptions in Financial Inclusion Posted in Africa, South Asia, East Asia and Pacific

MICROCAPITAL BRIEF: VisionFund International Buying Majority Equity Stake in Opportunity’s Microfinance Institution in Democratic Republic of Congo

Pending regulatory approval, VisionFund International, a US-based affiliate of the Christian humanitarian organization World Vision International, recently agreed to purchase a majority stake in Opportunity International’s (OI’s) microfinance institution (MFI) in the Democratic Republic of Congo (DRC). Continue reading

Share

MICROCAPITAL BRIEF: Small and Medium Enterprises Development Agency of Sierra Leone to Lend to SMEs at Single-digit Interest Rates without Collateral

The Small and Medium Enterprises Development Agency of Sierra Leone (SMESL), which was established by that nation’s parliament in 2015 [2], recently announced it will provide loans at interest rates below 10 percent per year without a collateral requirement, in an effort to strengthen small and medium-sized enterprises in the country. Continue reading

Share

MICROFINANCE PUBLICATION ROUND-UP: Mobile Money in Africa; Doing Business in Kyrgyzstan; Digitalization of Kenya’s Premier Credit

“Mobile Money Momentum in Four African Countries;” published by CGAP (Consultative Group to Assist the Poor); December 2015; 101 pages; available at: http://www.cgap.org/news/new-data-cgap-sets-benchmark-use-mobile-financial-services Continue reading

Share

MICROCAPITAL BRIEF: Teranga Capital Launches Fund for Small Growing Business in Senegal

Investisseurs & Partenaires (I&P), a France-based family of investment funds that supports “socially responsible” entrepreneurs in Sub-Saharan Africa, recently announced the inauguration of its third fund, Teranga Capital (TC). Continue reading

Share

MICROCAPITAL BRIEF: Gemeinschaftsbank für Leihen und Schenken (GLS) Invests $15m in Sanad Fund for MSME to Deploy in Middle East, North Africa

Gemeinschaftsbank für Leihen und Schenken (GLS), a German bank that focuses on investing in socially responsible and ecological projects, recently invested EUR 13 million (USD 14.5 million) in Sanad Fund for MSME (Micro-, Small and Medium-sized Enterprise), a Luxembourg-based public-private partnership that provides debt and equity financing in the Middle East and North Africa. Continue reading

Share

MICROFINANCE PUBLICATION ROUND-UP: MFI Client Satisfaction and Consumer Protection in Peru; Mobile Microfinance Users Predicted to Triple by 2020; Mobilizing Savings Through Agency Banking

“Voice of the Client: An analysis of client satisfaction and consumer protection across four microfinance institutions in Peru,” by J. Foelster, A. Pierantozzi, M. Pistelli; published by the Microfinance Information Exchange (MIX) in collaboration with Hivos People Unlimited; February 2016; 31 pages; available at: http://www.themix.org/sites/default/files/Voice%20of%20the%20Client%20Peru_0.pdf Continue reading

Share

MICROFINANCE EVENT: 4th Africa Financial Services Investment Conference (AFSIC); May 4-6, 2016; London, United Kingdom

Event Name: 4th Africa Financial Services Investment Conference (AFSIC)

Event Dates: May 4-6, 2016

Event Location: The Park Plaza Riverbank Hotel; London, United Kingdom Continue reading

Share