Category: Africa

MICROCAPITAL BRIEF: CGAP (Consultative Group to Assist the Poor) Transfers Management of French-language Training to Luxembourg-based ADA, Côte d’Ivoire-based Africa Microfinance Network (AFMIN)

CGAP (Consultative Group to Assist the Poor), a US-based, nonprofit policy and research center that aims to facilitate the expansion of financial access, recently has granted a mandate to manage nine of its training modules in African countries in which French is a primary language to ADA, a Luxembourg-based NGO that promotes inclusive finance, and the African Microfinance Network (AFMIN), an Abidjan-based association of 24 networks of African microfinance institutions (MFIs). Continue reading

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MICROCAPITAL BRIEF: Nigeria’s ActivEdge, SAP Africa to Launch Mobile Money Service

ActivEdge Technologies, a Nigeria-based company, and SAP Africa, the South Africa-based branch of German software provider Systemanalyse und Programmentwicklung (SAP), reportedly have partnered to offer a mobile money-transfer service to customers in Nigeria. Continue reading

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MICROCAPITAL BRIEF: Mobile Telecommunications Network (MTN) Rwanda, Kenya Commercial Bank Group (KCB), Kenya’s I&M Bank, Rwanda’s RSwitch to Offer Cardless ATM Banking Services in Rwanda

Mobile Telecommunications Network (MTN) Rwanda, the Rwandan branch of South Africa-based mobile telecommunications company MTN, reportedly has announced a partnership with Kenya Commercial Bank Group (KCB) and I&M Bank, which both offer corporate and retail banking services in Kenya, and RSwitch, an electronic payment service firm based in Rwanda, to offer cardless automated teller machine (ATM) services in Rwanda. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Mobile Telecommunications Network (MTN) Rwanda, Kenya Commercial Bank Group (KCB), Kenya’s I&M Bank, Rwanda’s RSwitch to Offer Cardless ATM Banking Services in Rwanda Posted in Africa, Deals, Mobile Money, Technology

MICROCAPITAL BRIEF: Emerge Mobile of South Africa Announces “Edge” Cashless Payment Service

Emerge Mobile, a South African mobile service company, has announced the commercial launch of its “Edge” mobile point-of-sale (MPOS) device, which can be plugged into a mobile phone to allow a retailer to accept credit and debit card transactions [1]. Continue reading

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MICROCAPITAL BRIEF: Qalaa Holdings of Egypt Increases Stake in Microlender Tanmeyah from 50% to 70% for $2.1m

Qalaa Holdings, an Egypt-based private equity firm previously named Citadel Capital, reportedly has finalized an EGP 15 million (USD 2.1 million) increase in its equity holding in Tanmeyah, an Egypt-based provider of loans and microinsurance that focuses on low-income individuals and micro- and small enterprises (MSEs). Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Qalaa Holdings of Egypt Increases Stake in Microlender Tanmeyah from 50% to 70% for $2.1m Posted in Africa, Deals

MICROFINANCE PUBLICATION ROUND-UP: Microfinance “Banana Skins” Risk Assessment; Effects of Microloans from Compartamos in Mexico; Youth Financial Inclusion Video

“Microfinance Banana Skins 2014: Facing Reality;” published by Centre for the Study of Financial Innovation; July 2014; 84 pages; available athttp://csfi.org/files/Microfinance_Banana_Skins_2014_-_WEB.pdf

This report, which is based on data collected by surveying 306 people associated with the microfinance industry, examines 19 risks faced by microfinance institutions (MFIs) across the globe. Continue reading

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MICROCAPITAL EVENT: 2015 Cracking the Nut Conference, “Expanding Rural & Agricultural Markets Amid Climate Change,” March 2-3, 2015, Lusaka, Zambia

Event Name: Cracking the Nut Conference 2015

Event Date: March 2 – March 3, 2015

Event Location: Lusaka, Zambia; Radisson Blu Hotel Lusaka Continue reading

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Written by Comments Off on MICROCAPITAL EVENT: 2015 Cracking the Nut Conference, “Expanding Rural & Agricultural Markets Amid Climate Change,” March 2-3, 2015, Lusaka, Zambia Posted in Africa, Events

MICROCAPITAL BRIEF: International Finance Corporation (IFC) to Assist Central Bank of Morocco with Credit Information Sharing Regulations

The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, recently announced that it will assist the Central Bank of Morocco (CBM), also known as Bank Al-Maghrib, with the development of laws and regulations regarding credit information sharing among lenders. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: International Finance Corporation (IFC) to Assist Central Bank of Morocco with Credit Information Sharing Regulations Posted in Africa, Regulation

MICROCAPITAL BRIEF: SME Bank Receives $58m from Government of Namibia to Expand to All 14 Regions of Country

SME Bank, which was founded by the government of Namibia in 2012, is preparing to receive NAD 630 million (USD 58.7 million) in non-reimbursable funding from the government of Namibia to expand its operations to all 14 regions of the country, with the intention of fueling growth among the small and medium-sized enterprises.

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Written by Comments Off on MICROCAPITAL BRIEF: SME Bank Receives $58m from Government of Namibia to Expand to All 14 Regions of Country Posted in Africa, Investment Funds

MICROFINANCE PUBLICATION WRAP-UP: “The Microfinance Sector in Morocco: Investment Opportunities After the Crisis;” Published by MicroFinanza Rating

“The Microfinance Sector in Morocco: Investment Opportunities After the Crisis,” published as part of the Insight series by MicroFinanza Rating, May 2014, 4 pages, available at http://www.microfinanzarating.com/images/Insight_Morocco_March_2014.pdf

Performed by Italy’s MicroFinanza Rating in May 2014, this “country screening” analyzes the political, economic and legal frameworks in which microfinance institutions (MFIs) function in Morocco. Continue reading

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Written by Comments Off on MICROFINANCE PUBLICATION WRAP-UP: “The Microfinance Sector in Morocco: Investment Opportunities After the Crisis;” Published by MicroFinanza Rating Posted in Africa, Regulation, Trends/Challenges

MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation (GCAMF) Invests $500k in Equity to Acquire 8% of Kenyan Microinsurer Agriculture and Risk Enterprise (ACRE), Loans $334k to Ecumenical Church Loan Fund (ECLOF) for Technical Assistance

The Grameen Credit Agricole Microfinance Foundation (GCAMF), which is based in Luxembourg and invests in “social businesses,” recently informed MicroCapital that it has made an investment of USD 500,000 in Nairobi-based Agriculture and Risk Enterprise Limited (ACRE), a microinsurance provider that aims to launch products in East and West Africa in exchange for an 8-percent stake in the company. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation (GCAMF) Invests $500k in Equity to Acquire 8% of Kenyan Microinsurer Agriculture and Risk Enterprise (ACRE), Loans $334k to Ecumenical Church Loan Fund (ECLOF) for Technical Assistance Posted in Africa, Deals, Microinsurance

MICROCAPITAL BRIEF: Biniog Sathi Banking Model Employs Islamic Concept of Zakat in Effort to Minimize Credit Default

Mabroor Mahmood, who operates the online “Ideas for Development” think tank, recently began selling his Biniog Sathi banking model, which incorporates Zakat, a Muslim practice of giving charity, to protect against credit default [1]. Continue reading

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MICROCAPITAL BRIEF: Bank of Ghana Decides Not to Limit Number of Microfinance Licenses, May Raise Capital Requirements

The Bank of Ghana, the central bank of the country, whose responsibility includes regulating microfinance organizations, has chosen not to freeze the number of newly issued microfinance licenses and plans to weigh other alternatives to manage growth in the industry. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Bank of Ghana Decides Not to Limit Number of Microfinance Licenses, May Raise Capital Requirements Posted in Africa, Regulation

MICROCAPITAL BRIEF: “Harry Potter” Cinema Actress Emma Watson to Serve as Goodwill Ambassador for United Nations (UN) Women

United Nations (UN) Women, the UN organization “dedicated to gender equality and the empowerment of women,” has announced Emma Watson, a British actress, will serve as Goodwill Ambassador for the organization. Continue reading

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MICROCAPITAL BRIEF: National Insurance Commission (NAICOM) of Nigeria Approves Microinsurance Products from Mansard Insurance

The National Insurance Commission (NAICOM), the Nigerian insurance regulatory authority, reportedly has given Mansard Insurance, a Nigeria-based insurance company, approval to offer microinsurance plans to the public [1]. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: National Insurance Commission (NAICOM) of Nigeria Approves Microinsurance Products from Mansard Insurance Posted in Africa, Microinsurance, Regulation

MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation (GCAMF) Loans $200k to Mec Fadec of Senegal, $680k to TIAVO of Madagascar

The Grameen Credit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based organization founded by French Bank Credit Agricole and Bangladeshi NGO Grameen Trust, recently informed MicroCapital that it has disbursed the second half of a loan in local currency equal to EUR 152,000 (USD 207,000) to Mec Fadec, a Senegalese microfinance institution (MFI), and a loan of EUR 500,000 (USD 681,000) to Tahiry Ifamonjena Amin’ny Vola (TIAVO), a Madagascar-based MFI. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation (GCAMF) Loans $200k to Mec Fadec of Senegal, $680k to TIAVO of Madagascar Posted in Africa, Deals

MICROCAPITAL BRIEF: International Finance Corporation (IFC) Partners with Chadian Ministry of Planning and International Cooperation to Establish Foundation for Leasing Services in Chad

The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, recently signed a cooperation agreement with the Chadian Ministry of Planning and International Cooperation, the governmental body charged with organizing and implementing development projects in the country, to support the development of leasing options for small and medium-sized enterprises (SMEs) in Chad. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: International Finance Corporation (IFC) Partners with Chadian Ministry of Planning and International Cooperation to Establish Foundation for Leasing Services in Chad Posted in Africa, Deals

MICROFINANCE EVENT: African Center for Peace Building to Host 2nd West African Microfinance Conference, July 23-24, 2014, Accra, Ghana

Event Name: 2nd West African Microfinance Conference

Event Date: July 23-24, 2014

Event Location: The Miklin Hotel, Accra, Ghana  Continue reading

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Written by Comments Off on MICROFINANCE EVENT: African Center for Peace Building to Host 2nd West African Microfinance Conference, July 23-24, 2014, Accra, Ghana Posted in Africa, Events