Category: Africa

MICROCAPITAL BRIEF: International Finance Corporation (IFC) Launching Business Edge Training Program in South Sudan

The International Finance Corporation (IFC), an arm of the World Bank Group, recently agreed to expand its Business Edge training program, which was launched in 2002, to South Sudan in an effort to aid small businesses within the country. Continue reading

Share

MICROCAPITAL BRIEF: Central Bank of Nigeria (CBN): Telecommunications Company May Have Violated Mobile Banking Regulations

A large telecommunications company, which has not been identified, is reportedly under investigation by the Central Bank of Nigeria (CBN) because of its work with two Nigerian banks on establishing mobile banking services. Continue reading

Share

MICROCAPITAL BRIEF: Diamond Bank of Nigeria Introduces ‘Diamond-in-Motion’ Mobile Banking Truck

Diamond Bank Public Limited Company (PLC), a commercial bank in Nigeria, recently launched “Diamond-in-Motion”, a mobile banking service truck that will allow customers to open new accounts, pay bills and use a automated teller machine (ATM) as well as make deposits and withdrawals. Continue reading

Share

MICROFINANCE PUBLICATION ROUND-UP: Trends in Cross-Border Funding for Microfinance; Microinsurance Among Microcredit Groups in Tanzania; Asian Development Bank Interventions Fail to Reach Enough Poor People

Current Trends in Cross-Border Funding for Microfinance;” by Estelle Lahaye and Ralitsa Rizvanolli; published by CGAP (Consultative Group to Assist the Poor); December 2012; 4 pages; available at: http://www.cgap.org/sites/default/files/Brief-Current-Trends-in-Cross-Border-Funding-for-Microfinance-Nov-2012.pdf Continue reading

Share

MICROCAPITAL BRIEF: Arab Spring Foundation’s Farasee Seeking to Raise $1b for “1 Million Jobs for MENA Initiative” in Morocco

The Arab Spring Foundation for Entrepreneurship and Employment, also known as the Farasee Foundation, is a nonprofit organization that was created to launch “1 million jobs for Middle East and North Africa (MENA)” initiative, which intends to provide institutional investors and sovereign funds with opportunities to develop food security and jobs. Continue reading

Share

MICROCAPITAL BRIEF: President Al Bashir, Central Bank of Sudan (CBOS) Plan 500 New Microfinance Services Centers to Employ 1,000 Graduates

President Al Bashir of Sudan recently met with the Governor of the Central Bank of Sudan (CBOS), Mohamed Khair Alzubeir, to discuss the state of the Sudanese economy as well as specifics of a planned expansion of banking services throughout the country. Continue reading

Share

MICROCAPITAL BRIEF: Development Bank of Namibia Loans $3.4m to PostFin To Fund Rural, Small and Medium-Sized Enterprises

The Development Bank of Namibia (DBN), which has assets of NAD 1.6 billion (USD 183 million), recently disbursed the sum of USD 3.4 million to PostFin, a subsidiary of Namibia Post Limited (NamPost), to fund small and medium- sized enterprises in rural areas in addition to individuals seeking loans for housing and education. Continue reading

Share

MICROCAPITAL BRIEF: Renaissance Credit (RenCredit) Launches in Nigeria; Will Offer Deposits, Point-of-Sale Consumer Loans Using T24 Banking Software from Temenos of Switzerland

Renaissance Credit (RenCredit), a new microfinance institution (MFI) offering deposit services and consumer loans in Nigeria, recently began operations using T24, a “cloud-hosted core banking system” offered by Temenos, a Geneva-based banking software provider. Continue reading

Share

MICROCAPITAL BRIEF: Centre d’Appui a la Microfinance et au Developpement (CAMIDE), Appui au Développement Autonome (ADA), Banque d’Escompte (BdE) Launch Service Offering Money Transfers from France to Mali

Centre d’Appui a la Microfinance et au Developpement (CAMIDE), a Malian nonprofit organisation that supports microfinance and other development initiatives, recently partnered with Appui au Développement Autonome (ADA), a Luxembourg-based nonprofit organisation that supports MFI capacity building, and Banque d’Escompte (BdE), an entity of the Wormser Frères Bank in France, to launch a new service offering money transfers from France to Mali. Continue reading

Share