Category: Africa

MICROCAPITAL BRIEF: Microfinance Institutions (MFIs) in Uganda Slow to Apply for Credit From Microfinance Support Center (MSC)

The Microfinance Support Center (MSC), an arm of the government of Uganda, reportedly is urging groups such as village savings and credit cooperative organizations (SACCOs), microfinance institutions, and small and medium enterprises, to apply for credit from the company “yet demand for it has been low” [1]. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Microfinance Institutions (MFIs) in Uganda Slow to Apply for Credit From Microfinance Support Center (MSC) Posted in Africa, Key Players

MICROCAPITAL BRIEF: National Bank of Rwanda (BNR) Maintains Repurchase (Repo) Rate at 7%

The National Bank of Rwanda, which is known by its French acronym BNR, has announced that it will maintain the key repurchase (repo) rate, the rate at which commercial banks borrow from the central bank, at 7 percent. Continue reading

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MICROCAPITAL BRIEF: American Refugee Committee (ARC) Sells Liberia-based Liberty Finance to DCRB Investments

The American Refugee Committee (ARC), a US-based nonprofit that provides humanitarian assistance in Africa, Asia, Haiti, and the Middle East, recently announced that it has sold its Liberia-based microfinance institution, Liberty Finance, to DCRB Investments (DCRB), a private investment company based in Liberia. Continue reading

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MICROCAPITAL BRIEF: responsAbility Investments Lends $4m to Opportunity International Bank of Malawi

ResponsAbility Investments AG, a Swiss-based investor in microfinance and other sectors, recently announced the disbursement of a loan of USD 4 million to Opportunity International Bank of Malawi Limited (Opportunity Malawi), a member of the US-based Opportunity International network. Continue reading

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MICROCAPITAL BRIEF: KfW, Belgian Investment Company for Developing Countries (BIO), Developpement International Desjardins, Lundin Foundation Commit $41m to AfricInvest Financial Sector Fund

AfricInvest-TunInvest Group, a Tunisia-based private equity firm, recently announced the closing of a third round of capital-raising for its AfricInvest Financial Sector Fund, a vehicle that invests in financial institutions that lend to small and medium-sized enterprises (SMEs) in North and Sub-Saharan Africa. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: KfW, Belgian Investment Company for Developing Countries (BIO), Developpement International Desjardins, Lundin Foundation Commit $41m to AfricInvest Financial Sector Fund Posted in Africa, Deals, Investment Funds, Key Players

MICROCAPITAL BRIEF: Grameen Foundation Receives Innovation Grant from GSMA’s mWomen

The Global Systems for Mobile Association (GSMA), a London-based association of 1,000 mobile operators and associated companies, recently announced that its mWomen programme has awarded the Grameen Foundation, a US-based nonprofit organization, its Innovation Fund grant of an undisclosed amount. Continue reading

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MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD), European Union to Provide Technical Assistance to Small, Medium-sized Enterprises (SMEs) in Tunisia

The Small Business Support (SBS) team of the European Bank for Reconstruction and Development (EBRD), a UK-based financial institution, recently began operations in Tunisia, with plans to provide small and medium-sized enterprises (SMEs) with technical tools and management skills in order to help them innovate, increase efficiency and boost productivity. Continue reading

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MICROCAPITAL BRIEF: Microfinance Market in Sudan Reaches 700k Borrowers, $352m in Funding

The Sudan Vision, a Sudanese daily newspaper, recently reported that, as of the end of 2013, the outreach of the country’s microfinance sector had grown to approximately 700,000 borrowers, up from approximately 490,000 the year before and 244,000 in 2011. Continue reading

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MICROCAPITAL BRIEF: Kenya Women’s Finance Trust (KWFT) Receives $16m in Equity Investments from Incofin’s Rural Impulse Fund II (RIF II), Norwegian Microfinance Initiative (NMI) Fund III, NMI Frontier Fund

Kenya Women’s Finance Trust (KWFT), a Kenyan microfinance institution (MFI) that was established in 1982, recently announced that it has received equity investments totaling KES 1.37 billion (USD 16 million) from three funds: a total of KES 692 million (USD 8 million) from the Norwegian Microfinance Initiative (NMI) Frontier Fund and NMI Fund III, with the remaining KES 692 million (USD 8 million) placed by the Rural Impulse Fund II (RIF II), which is managed by Belgian microfinance fund manager Incofin Investment Management (Incofin IM). Continue reading

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MICROFINANCE PAPER WRAP-UP: “Water, Sanitation and Microfinance Toolkit 1: Introduction to Opportunities in Water, Sanitation and Hygiene Finance,” Published by Water.org, MicroSave

“Water, Sanitation and Microfinance Toolkit 1: Introduction to Opportunities in Water, Sanitation and Hygiene Finance;” published by Water.org and MicroSave, 2013, 75 pages, available at http://www.washmicrofinance.org/

Water insecurity and unhygienic sanitation practices pose significant health and financial risks in the developing world. Continue reading

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MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation (GCAMF) Lends $220k to PAIDEK of the Democratic Republic of Congo, $210k to COOPEC SIFA of Togo

The Grameen Credit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based investor in microfinance institutions (MFIs), recently announced the disbursement of the first tranche of a 30-month, USD 220,000 loan to Programme D’Appui aux Initiatives de Developpement Economique du Kivu (PAIDEK), a microfinance institution (MFI) that lends to microenterprises in the region of Kivu, Democratic Republic of Congo. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation (GCAMF) Lends $220k to PAIDEK of the Democratic Republic of Congo, $210k to COOPEC SIFA of Togo Posted in Africa, Investment Funds

MICROCAPITAL EVENT: 2014 Making Finance Work for Africa (MFW4A) Partnership Forum, June 10-12, 2014, Dakar, Senegal

Event Name: 2014 Making Finance Work for Africa (MFW4A) Partnership Forum

Event Date: June 10-12, 2014

Event Location: King Fahd Palace Hotel, Dakar, Senegal Continue reading

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MICROCAPITAL BRIEF: First Access Purchases Data for Risk-Scoring Service from Cellular Network Provider Vodacom Tanzania

US-based data analytics company First Access reportedly has signed a deal to purchase user data from cellular network provider Vodacom Tanzania, a subsidiary of UK-based telecommunications company Vodafone Group, for their risk-scoring service for financial institutions serving poor individuals. Continue reading

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MICROCAPITAL BRIEF: MasterCard Foundation Donates $23m to Opportunity International for Agricultural Financing in Sub-Saharan Africa

The MasterCard Foundation, which was founded by US-based global payment processing company MasterCard and aims to promote youth learning and financial inclusion in emerging markets, has donated USD 22.7 million to Opportunity International, a US-based non-profit microfinance organization, to launch the “Africa Growth and Innovation Initiative” to deliver agricultural financial services to 7 million low-income people in the Sub-Saharan African countries Ghana, Malawi, Rwanda, Tanzania and Uganda. Continue reading

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MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) to Loan $7m to Enda Inter-Arabe for On-Lending to Micro-, Small Enterprises (MSEs) in Tunisia

The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral financial institution, is lending TND 11 million (USD 7 million) to Enda Inter-Arabe, a Tunisian financial services provider and arm of Senegal-based non-governmental organization Enda Third-World. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) to Loan $7m to Enda Inter-Arabe for On-Lending to Micro-, Small Enterprises (MSEs) in Tunisia Posted in Africa, Deals, Key Players

MICROCAPITAL BRIEF: Bank of Ghana Licenses 394 Microfinance Institutions (MFIs), Donates Equipment to Trade Associations

The Bank of Ghana, the country’s central banking authority, has issued licenses to 394 microfinance institutions (MFIs), including 344 classified as microfinance companies, 45 as money-lending companies and five as financial non-governmental organizations. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Bank of Ghana Licenses 394 Microfinance Institutions (MFIs), Donates Equipment to Trade Associations Posted in Africa

MICROCAPITAL BRIEF: CGAP Branchless Banking Challenge Fund for West Africa Accepting Entries through March 31, 2014

CGAP (Consultative Group to Assist the Poor), a US-based nonprofit policy and research center that aims to facilitate the provision of financial access to poor people, is accepting applications for the Branchless Banking Challenge Fund, a contest to encourage development of innovative solutions to challenges faced by the branchless banking market in West Africa. Continue reading

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