Africa | MicroCapital - Page 19
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Monday, November 26, 2012

MICROCAPITAL BRIEF: African Development Bank (AfDB) Microfinance Capacity Building Fund (MCBF) Offering up to $500k per Institution

The African Development Bank (AfDB), a multilateral institution that provides loans and grants to governments and private companies in Africa, recently announced its second call for proposals for the Microfinance Capacity Building Fund (MCBF), which was launched by AfDB and the government of Spain to expand the outreach of the African financial sector. Continue Reading »

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Monday, November 26, 2012

MICROCAPITAL BRIEF: Bank of Ghana Warns of False Advertising by Microfinance Institutions Medlorm Microfinance, African Guarantee Trust, AbbeyCash Microfinance, Swift Financial Services

The Bank of Ghana (BOG), the regulatory and supervisory body with authority over financial institutions in the country, is warning customers of the following Ghanaian microfinance institutions (MFIs) falsely claiming to be licensed by BOG in Ghana: Medlorm Microfinance Limited, African Guarantee Trust, AbbeyCash Microfinance Limited and Swift Financial Services. Continue Reading »

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Wednesday, November 21, 2012

MICROCAPITAL BRIEF: First National Bank Namibia Releases Mobile Money Service

After awaiting regulatory approval for over a year, First National Bank (FNB) Namibia, a unit of FNB South Africa, recently released its e-Wallet service, which allows customers to transfer funds via the mobile phones of individuals, including to recipients who do not have bank accounts. Continue Reading »

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Monday, November 19, 2012

MICROCAPITAL BRIEF: First Bank of Nigeria, Computer Warehouse Group (CWG) Launch Firstmonie Mobile Money Service

First Bank of Nigeria, a commercial bank based in the Nigerian state Lagos, recently launched Firstmonie Mobile Service in collaboration with Computer Warehouse Group (CWG), a Nigeria-based information technology utility provider. Continue Reading »

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Thursday, November 15, 2012

MICROCAPITAL BRIEF: Agricultural Sector To Benefit from Central Bank of Nigeria’s $3.9b Loan

The Central Bank of Nigeria (CBN), the country’s apex financial regulator, recently announced plans to disburse the sum of NGN 600 billion (USD 3.9 billion) as loans to small holder farmers. Continue Reading »

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Thursday, November 15, 2012

SPECIAL REPORT: Sanjay Sinha of M-CRIL Calls Overexuberant Growth “Recipe for Disaster” at European Microfinance Week Opening

This morning, following a day of member meetings, the European Microfinance Platform (e-MFP) opened its eighth European Microfinance Week, which is themed “Combining Strength, Delivering Results” and aims to address the loss of confidence in many circles that microfinance benefits poor people. In the opening plenary session, Sanjay Sinha, managing director of India’s Micro Credit Rating International Limited (M-CRIL), said that, “Moderate growth is good for inclusion. Rampant growth, which is what we had for a long time in India, is a recipe for disaster…. In order to reduce growth, we need to temper the egos of the promoters of microfinance institutions (MFIs). And we all know we need to dampen the expectations of investors – I’m talking mainly of the Indian commercial banking sector.” Continue Reading »

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Thursday, November 15, 2012

MICROCAPITAL BRIEF: Bank of Ghana Grants Final License to 90 Financial Institutions

Ninety financial institutions in Ghana recently received their final operating licenses from the Bank of Ghana (BOG), the country’s central bank. Continue Reading »

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Monday, November 12, 2012

MICROCAPITAL BRIEF: To Boost Usage, Mobile Money Service Providers in Nigeria Told To Focus on the Unbanked

A representative of the Nigerian arm of Accenture, a consulting firm with its headquarters in Dublin, Ireland reportedly has advised mobile money service providers in Nigeria to re-strategize their operations so as to increase patronage of their services. Continue Reading »

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Saturday, November 10, 2012

MICROCAPITAL BRIEF: International Finance Corporation (IFC), Daiwa Securities of Asia to Issue Microfinance Bond in South Africa, Turkey

The International Finance Corporation (IFC), a member of the US-based World Bank Group, will issue a microfinance bond to Japanese retail and institutional investors in an effort to expand financial access for poor people in South Africa and Turkey. Continue Reading »

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Wednesday, November 7, 2012

MICROCAPITAL BRIEF: FinMark Trust 2012 FinScope South Africa Survey: Banking Population Increased from 63% to 67% in Past Year

According to the recent FinScope South Africa survey from South African nonprofit FinMark Trust, 22.5 million individuals over the age of 16 are part of South Africa’s banking population, which is equivalent to 67 percent of the country’s adult population. Continue Reading »

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Tuesday, November 6, 2012

MICROCAPITAL BRIEF: Making Finance Work for Africa (MFW4A), Munich Re Foundation Survey: African Microinsurance Tripled in 3 Years

A recent study being released this week by Making Finance Work For Africa (MFW4A), an initiative that aims to coordinate financial sector development among African governments, and Munich Re Foundation, the charitable arm of the German reinsurance company, indicates the microinsurance market in Africa has grown by 200 percent in the past 3 years. Continue Reading »

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Friday, November 2, 2012

MICROCAPITAL BRIEF: Vodafone’s M-Pesa Mobile Money Service to Expand International Options with HomeSend Partnership

Vodafone, a UK-based telecommunications company, and Safaricom, a Kenya-based cell phone service provider, reportedly plan to expand its mobile money program M-Pesa by linking it with HomeSend, a Belgian-based service that increases the inter-compatibility of money transfer systems. Continue Reading »

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Thursday, November 1, 2012

MICROCAPITAL BRIEF: Global Initiative Microfinance Bank (GIMFB) of Nigeria Turns to Group Lending to Cut Default Rate

The Global Initiative Microfinance Bank Limited (GIMFB), a Nigerian microfinance bank (MFB), reportedly has released two new products with the aim of minimizing bad debt: GIMFB village banking and GIMFB medal deposit accounts. Continue Reading »

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Wednesday, October 31, 2012

MICROCAPITAL BRIEF: FinScope Rwanda Survey Indicates Rise in Rural Lending Penetration to 58%, Reaches Savings to 68%

FinMark Trust, a South African  nonprofit, recently released the FinScope Rwanda report titled “Financial Inclusion in Rwanda 2008-2012″, which indicates a growing demand for loans in rural Rwanda. Continue Reading »

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Tuesday, October 30, 2012

MICROFINANCE PAPER-WRAP UP: “The Jipange KuSave Experiment in Kenya;” by Sarah Rotman, David Ferrand, Stephen Rasmussen; published by CGAP

By Sarah Rotman, David Ferrand, Stephen Rasmussen; published by CGAP (Consultative Group to Assist the Poor); October 2012; 4 pages; available at:http://www.cgap.org/sites/default/files/CGAP-Brief-The-Jipange-KuSave-Experiment-in-Kenya-Oct-2012.pdf Continue Reading »

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Tuesday, October 30, 2012

MICROFINANCE PUBLICATION ROUND-UP: Analysis of Microfinance Investment Vehicles; Female Microfinance Clients in Pakistan; Life Microinsurance in the Philippines

“The State of Microfinance Investment 2012: MicroRate’s 7th Annual Survey and Analysis of MIVs;” published by MicroRate; October 2012; 17 pages; available at: http://www.microrate.com/downloads/78 Continue Reading »

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Monday, October 29, 2012

MICROCAPITAL BRIEF: South Africa Proposes “Twin Peaks” Financial Regulation System

At a conference in Cape Town, South Africa, hosted by the Alliance of Financial Inclusion (AFI), a nonprofit Thailand-based network of financial policymakers aimed at increasing access to financial services, South African Finance Minister Pravin Gordhan announced that his country is considering the implementation of a “Twin Peaks” regulation system in an effort to foster financial inclusion, strengthen consumer protection, combat financial crime, promote financial education efforts and increase the accessibility of financial services. Continue Reading »

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Monday, October 29, 2012

MICROFINANCE EVENT: Institute for International Research Holds Third Annual Microinsurance Conference, Johannesburg, South Africa, January 22 – January 24, 2013

Event Name: 3rd Annual Microinsurance Conference

Event Date: January 22 – January 24, 2013

Event Location: The Wanderers Club, Ilovo, Johannesburg, South Africa
Continue Reading »

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