Category: Africa

MICROCAPITAL BRIEF: MTN Mobile Money, Mobile Financial Services (MFS) Partner to Launch KwikAdvance Payday Loans in Ghana

Mobile Telecommunications Network (MTN) Mobile Money, an arm of South African telecommunications company MTN Group, reportedly has partnered with Mobile Financial Services (MFS) Africa, a for-profit firm based in Mauritius, to launch KwikAdvance in Ghana. Continue reading

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MICROCAPITAL BRIEF: Ears Earth Environment Monitoring of the Netherlands Offers Climate-based Crop Microinsurance System FESA Free to Microinsurance Retailers in Africa

Ears Earth Environment Monitoring Limited, a subsidiary of the Netherlands-based remote sensing company Ears Holding, is offering its Food Early Solutions for Africa (FESA) microinsurance system free of charge to microinsurance providers. Continue reading

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MICROCAPITAL BRIEF: Microfinance and Small Loans Centre (MASLOC) to Issue Loans to Fishing Communities in Accra, Ghana

According to a statement attributed to Comfort Doyoe Cudjoe Ghansah, Ghana’s Minister of State in charge of Social and Allied Institutions, local fishing communities in the Greater Accra region will be offered microfinance loans from the Microfinance and Small Loans Centre (MASLOC), the apex body in charge of implementing the Ghanaian government’s microfinance initiatives. Continue reading

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MICROFINANCE PUBLICATION ROUND-UP: Microfinance and Patriarchy, Connecting the World’s Poorest People to the Global Economy, “Best Practices” in Serving Small Businesses

“Microfinance and Patriarchy: A Drift Away from Serving Women;” published by Knowledge @ Wharton; 2013; 3 pages; available at: http://knowledge.wharton.upenn.edu/createpdf.cfm?articleid=3169

This report highlights the importance of gender equality in the provision of microfinance and focuses on the negative impacts of patriarchal attitudes on lending practices. Continue reading

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MICROCAPITAL BRIEF: Norwegian Investment Fund for Developing Countries (Norfund) Loans $1.4m to NMB Bank Parent for On-lending to SMEs in Zimbabwe

The Norwegian Investment Fund for Developing Countries (Norfund), a state-owned institution, recently issued a seven-year loan of USD 1.4 million to investment holding company NMBZ (National Merchant Bank of Zimbabwe) Holdings, which owns NMB Bank Limited, for on-lending to small and medium enterprises (SMEs). Continue reading

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MICROCAPITAL BRIEF: Agence Francaise de Developpement (AFD) to Guarantee Grameen Credit Agricole Microfinance Foundation (GCAMF) Loans, Largely in Sub-Saharan Africa

The Grameen Credit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based nonprofit that provides financial services to microfinance institutions, recently signed a risk and technical assistance agreement with the Agence Francaise de Developpement (AFD), a bi-lateral development finance institution of the French government, to further GCAMF’s microfinance efforts, particularly in Sub-Saharan Africa.  Continue reading

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MICROCAPITAL BRIEF: Deputy Prime Minister Mutambara of Zimbabwe Urges Banks to Stop Seeking Legal Action Against Econet’s Ecocash Mobile Banking Service and Start Competing

Zimbabwe’s Deputy Prime Minister Arthur Mutambara reportedly is urging banks in the country to “develop competing products” that will allow them to match or surpass Ecocash, the mobile banking service of South Africa-based telecommunications group Econet, instead of engaging in what he described as “fighting against technology”.  Continue reading

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MICROFINANCE PAPER WRAP-UP: “Unlocking the Potential: Women and Mobile Financial Services in Emerging Markets;” published by mWomen Global Development Alliance of the Global System for Mobile Communications Association (GSMA), Visa, Bankable Frontier Associates

Published by Global System for Mobile Communications Association’s mWomen Global Development Alliance, Visa and Bankable Frontier Associates; 2013; 40 pages; available at: http://www.gsma.com/mobilefordevelopment/wp-content/uploads/2013/02/GSMA-mWomen-Visa_Unlocking-the-Potential_Feb-2013.pdf

This report analyzes connections between mobile financial services and women’s financial inclusion in the developing world. Continue reading

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MICROCAPITAL BRIEF: MasterCard Foundation Donates $4.3m to Smart Campaign for Microfinance Client Protection Effort

The MasterCard Foundation, a Canada-based institution that was founded by US-based financial services firm MasterCard Worldwide, has announced that it will donate USD 4.3 million to The Smart Campaign, a US-based consumer protection initiative targeting microfinance clients worldwide.  Continue reading

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MICROCAPITAL BRIEF: Uganda’s Insurance Regulator, Making Finance Work for Africa (MFW4A), Access to Insurance Initiative (A2ii) Seek to Expand Access to Microinsurance, Perhaps Mobile Money

The Insurance Regulatory Authority (IRA), Uganda’s insurance industry regulator, reportedly is partnering with Making Finance Work for Africa (MFW4A), a multilateral platform that aims to coordinate financial sector activities among African governments, and the Access to Insurance Initiative (A2ii), a global program hosted by Germany’s international cooperation agency (Deutsche Gesellschaft für Internationale Zusammenarbeit), to create regulation that make access to microinsurance more efficient, mainly for low-income earners. Continue reading

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