Category: Africa

MICROCAPITAL BRIEF: Bank of Uganda Issues Mobile Money Guidelines Intended to Prevent Fraud, Increase Efficiency

The Bank of Uganda (BoU), the country’s central bank, has issued a set of mobile money guidelines aimed at regulating mobile money services in the country [1]. Continue reading

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MICROCAPITAL BRIEF: EcoBank to Offer Mastercard in 23 African Countries

MasterCard Incorporated, a US-based payments and technology company with operations in 210 countries and territories, reportedly has signed a deal with EcoBank Transnational Incorporated, a Togo-based bank with operations in 20 African countries, to provide MasterCard payments cards to EcoBank’s customers in 23 countries in Africa. Continue reading

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MICROCAPITAL BRIEF: responsAbility Loans $20m to Microlender Enda Inter-Arabe of Tunisia

ResponsAbility Investments, a Swiss investor in microfinance and other sectors, recently notified MicroCapital that it has disbursed a loan of EUR 15 million (USD 20.4 million) to Enda Inter-Arabe, a Tunisian financial services provider that is also an arm of Senegal-based non-governmental organization Enda Third-World [1]. Continue reading

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MICROFINANCE PUBLICATION ROUND-UP: Microcredit Interest Rate Determinants; Mobile Phones and Microinsurance; Health Financing Through Gifts and Remittances in Kenya

“Microcredit Interest Rates and Their Determinants 2004-2011;” by Richard Rosenberg, Scott Gaul, William Ford and Olga Tomilova; published by CGAP (Consultative Group to Assist the Poor); June 2013; 32 pages; available at http://www.cgap.org/sites/default/files/Forum-Microcredit-Interest-Rates-and-Their-Determinants-June-2013_1.pdf

This study explores the factors affecting the determination of interest rates that microfinance institutions (MFIs) charge their customers by analyzing financial data reported from 2004 to 2011 by MFIs to the Microfinance Information Exchange (MIX), a US-based nonprofit data provider. Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation (IFC) Loans $4m to Grooming Centre in Effort to to Reach 780k Nigerian Microenterprises

The International Finance Corporation (IFC), a member of the US-based World Bank Group, recently announced that it has committed to loan NGN 650 million (USD 4 million) to Grooming Centre, a Nigerian microfinance institution (MFI), to assist in expanding its reach to a total of 780,000 existing small businesses by 2018, including by expanding its coverage in rural areas of the country. Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation (IFC) Loans $20m to Attawfiq Micro-Finance for Microlending in Morocco

The International Finance Corporation (IFC), a US-based development finance institution and a member of the US-based World Bank Group, recently loaned USD 20 million to Attawfiq Micro-Finance, a nonprofit microfinance institution (MFI) based in Casablanca, Morocco, for onlending to microenterprises in an effort to further Morocco’s economic development. Continue reading

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MICROCAPITAL BRIEF: African Women Invited to Apply for MasterCard Foundation Scholarships for Sustainable Microenterprise and Development Program (SMDP) in Ghana by February 7, 2014

MasterCard Foundation, a Canadian organization founded by the US-based payments firm MasterCard, is offering an undisclosed number of scholarships, ranging from USD 1,000 to USD 4,500, for women in Africa who have at least two years of work experience in the microenterprise development field to attend the Sustainable Microenterprise and Development Program (SMDP), an educational workshop that will be held in the Accra, Ghana, from March 10-21, 2014. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: African Women Invited to Apply for MasterCard Foundation Scholarships for Sustainable Microenterprise and Development Program (SMDP) in Ghana by February 7, 2014 Posted in Africa, Events

MICROCAPITAL BRIEF: Triodos Investment Management Loans $1m each to Advans Banque Congo, Microfinance Institution (MFI) Vitas Jordan

Triodos Investment Management, a subsidiary of Netherlands-based Triodos Bank, reportedly has loaned USD 1 million to Advans Banque Congo, a commercial bank, and JOD 705,000 (USD 1 million) to Amman-based microfinance institution (MFI) Vitas Jordan. Continue reading

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MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) to Loan $64.8m to Banque Tuniso-Kowetienne of Tunisia for On-lending to Micro-, Small, Medium-Sized Enterprises (MSMEs), Trade Financing

The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral development bank, recently announced that it will extend a loan of EUR 40 million (USD 54.8 million) to Banque Tuniso-Kowetienne (BTK), a Tunisia-based commercial bank. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) to Loan $64.8m to Banque Tuniso-Kowetienne of Tunisia for On-lending to Micro-, Small, Medium-Sized Enterprises (MSMEs), Trade Financing Posted in Africa, Deals, Middle East

MICROCAPITAL BRIEF: Bank of Ghana to Limit Number of Operating Licenses for Microfinance Institutions (MFIs)

The Bank of Ghana (BoG), the country’s central banking authority, has announced plans to limit the number of operating licenses it grants to microfinance institutions (MFIs) to an unspecified level. Continue reading

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MICROCAPITAL BRIEF: Central Bank of Zimbabwe Imposes 5% Tax on Mobile Money Services

The Central Bank of Zimbabwe reportedly has imposed a five-percent tax on the fees charged to effect mobile money transactions such as cash transfers, cellular phone payments and utility bill payments following lobbying effort by the Bankers Association of Zimbabwe, a nonprofit organization of member banks. Continue reading

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MICROFINANCE PUBLICATION ROUND-UP: Funding Trends for Inclusive Finance; Developments in Agricultural Microinsurance; Financial Inclusion in South Africa: Survey Results

Trends in International Funding for Financial Inclusion;” by Edlira Dashi, Estelle Lahaye and Ralitsa Rizvanolli; published by CGAP (Consultative Group to Assist the Poor); December 2013; 4 pages; available at http://www.cgap.org/sites/default/files/Brief-Trends-in-International-Funding-for-Financial-Inclusion-Dec-2013.pdf

This report explores qualitative and quantitative data reflecting trends in the public and private capitalization of financial service providers offering inclusive finance products and services. Continue reading

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MICROFINANCE EVENT: Burgundy School of Business, ISCAE, Attawfiq Micro-Finance to Host “5th International Conference on Institutional and Technological Environment for Microfinance (ITEM5),” March 18 – 20, 2014, Casablanca, Morocco

Event Name: 5th International Conference on the Institutional and Technological Environment for Microfinance (ITEM5)

Event Date: March 18 – 20, 2014

Event Location: Institut Supérieur de Commerce et d’Administration des Entreprises (ISCAE), Casablanca, Morocco Continue reading

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MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Invests $60m in Banque Marocaine du Commerce Extérieur’s Eurobond Issue for Micro-, Small, Medium-Sized Enterprises in Morocco

The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral financial institution, recently invested USD 60 million in a 5-year, senior, unsecured USD 300 million bond issue by a Moroccan public joint stock bank, Banque Marocaine du Commerce Extérieur (BMCE). Continue reading

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MICROFINANCE EVENT: Harvard Business School Africa Business Club to Host “2014 Africa Business Conference,” February 28 – March 2, 2014, Boston, Massachusetts, USA

Event Name: 2014 Africa Business Conference

Event Date: February 28 – March 2, 2014

Event Location: Harvard Business School, Boston, Massachusetts, USA Continue reading

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MICROCAPITAL BRIEF: Airtel, Nico Insurance Zambia to Offer Mobile Insurance

Bharti Airtel (Airtel), an India-based telecommunications provider, reportedly is expanding the range of services that users in Zambia can pay for with its ‘Airtel Money’ mobile money service to include insurance. Airtel’s 1.8 million customers in the country will now be able to purchase insurance policies from Nico Insurance Zambia, an insurance provider and subsidiary of Malawi-based Nico Holdings Limited. Continue reading

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MICROFINANCE PAPER WRAP-UP: “Global Financial Development Report 2014,” Published by the World Bank

“Global Financial Development Report 2014,” published by The World Bank, January 2014, 225 pages, available at http://econ.worldbank.org/WBSITE/EXTERNAL/EXTDEC/EXTGLOBALFINREPORT/0,,menuPK:8816192~pagePK:64168176~piPK:64168140~theSitePK:8816097,00.html

This report draws on research and analysis of the global financial services market to address the needs of low-income people that do not have access to financial services and recommends policies that the authors believe would increase financial inclusion. Continue reading

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