Africa | MicroCapital - Page 21
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Tuesday, September 18, 2012

MICROCAPITAL BRIEF: ResponsAbility Invests $5m in Chase Bank Kenya, $1.25m in KWFT of Kenya, $1.2m in FINCA Microfinance Holding of USA

ResponsAbility Global Microfinance Fund (rAGMF), a microfinance investment vehicle (MIV) managed by responsAbility Social Investments of Switzerland, recently loaned USD 5 million to Chase Bank of Kenya. Continue Reading »

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Monday, September 17, 2012

MICROCAPITAL BRIEF: Odotobri Rural Bank of Ghana Opens 7th Branch, to Introduce ATMs, Mobile Banking Services

Odotobri Rural Bank Limited, a publicly traded bank in Ghana, reportedly has opened its seventh branch in the Ghanaian city of Kumasi. Continue Reading »

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Saturday, September 15, 2012

MICROCAPITAL BRIEF: Incofin Funds Take Stakes in EDPYME Solidaridad of Peru, FIDES Bank of Namibia, ACEP-Burkina of Burkina Faso

The Rural Impulse Fund II (RIF II), a microfinance investment vehicle (MIV) managed by Incofin Investment Management (IM) of Belgium, has acquired an 8.2-percent equity stake in Peru’s Empresa de Desarrollo de la Pequeña y Micro Empresa (EDPYME) Solidaridad, a non-bank financial institution that is held by the nonprofit organization Caritas del Peru. Continue Reading »

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Thursday, September 13, 2012

MICROCAPITAL BRIEF: ProCredit Ghana Sounds Alarm on Multiple Lending, Calls for Tighter Entry Requirements for Microfinance Institutions (MFIs)

Mrs Sarah Tsien Zetterli, Managing Director of ProCredit Savings and Loan Company of Ghana, reportedly stated recently that the microfinance market in Ghana has become overcrowded and that tighter entry requirements for microfinance institutions (MFIs) must be established by the Bank of Ghana. Continue Reading »

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Tuesday, September 11, 2012

MICROCAPITAL BRIEF: International Business Bank of Angola Launches Sociedade de Micro-Credito, Adding 4 Microcredit Products

The International Business Bank (BNI in Portuguese), an Angolan bank, reportedly has launched the Sociedade de Micro-credito, a microcredit society, in Angola’s capital city, Luanda. Continue Reading »

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Thursday, August 30, 2012

MICROCAPITAL BRIEF: Grameen Credit Agricole Microfinance Foundation (GCAMF) Invests $2.2m in Microfinance Institutions CAURIE of Senegal, Thaneakea Phum Cambodia (TPC) of Cambodia

Grameen Credit Agricole Microfinance Foundation (GCAMF), an organization that provides financial services to microfinance institutions (MFIs) and social business projects, has agreed to disburse a XOF 700 million (USD 1.3 million) to Senegal MFI Cooperative Autonome pour le Renforcement des Initiatives Economiques par la Micro finance (CAURIE). Continue Reading »

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Tuesday, August 28, 2012

MICROCAPITAL BRIEF: Burundi Commercial Bank, Burundi Telecommunications Launch Mobile Banking

The Burundi Commercial Bank (BANCOBU in French), a privately owned bank, and the state-owned Burundi Telecommunications Company (ONATEL in French), have launched Mobicash, a mobile banking service that allows customers to transfer funds, withdraw money and pay bills through their mobile phones. Continue Reading »

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Monday, August 27, 2012

MICROCAPITAL BRIEF: ResponsAbility Loans $10m to Rafiki Deposit Taking Microfinance of Kenya, Mibanco of Peru

ResponsAbility Social Investments, a Swiss microfinance investment manager, has reached four investment deals with micro banks in Kenya and Peru. Continue Reading »

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Saturday, August 25, 2012

MICROCAPITAL BRIEF: Ecobank Launches Savings Campaign in Uganda

Ecobank, which is based in Togo and has operations in 29 African countries, has launched a campaign to promote savings in Uganda. Continue Reading »

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Friday, August 17, 2012

MICROCAPITAL BRIEF: First Bank of Nigeria Creates Cardless Automated Teller Machine (ATM) to Promote Financial Inclusion

First Bank of Nigeria, a commercial bank listed on the Nigerian Stock Exchange (NSE) recently introduced a cardless Automated Teller Machine (ATM) transfer service across the country that intends to facilitate the transfer of funds to people without bank accounts or payment cards. Continue Reading »

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Thursday, August 16, 2012

MICROCAPITAL BRIEF: International Finance Corporation (IFC) Makes $7m Loan to Enda Inter-Arabe Microfinance Institution of Tunisia

The International Finance Corporation (IFC), a member of the World Bank Group that aims to support private-sector development, recently made a local currency loan equivalent to USD 7 million to the microfinance institution (MFI) Enda Inter-Arabe of Tunisia. Continue Reading »

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Sunday, August 12, 2012

MICROCAPITAL BRIEF: Microfinance Development Fund of Nigeria Will Seek to Increase Women’s Access to Financial Services by 15% per Annum

The microfinance development fund long planned by the Central Bank of Nigeria (CBN) reportedly is intended to result in a 15-percent annual increase in women’s access to financial services. Continue Reading »

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Friday, August 10, 2012

MICROCAPITAL BRIEF: MasterCard Foundation, SEEP Network Launch $7.6m Program for Microfinance Associations in Sub-Saharan Africa

The MasterCard Foundation, a private, Canada-based foundation that focuses on education and microfinance, and the Small Enterprise Education and Promotion (SEEP) Network, a US-based network of microenterprise practitioners, recently entered into a four-year, USD 7.6 million partnership to improve microfinance associations in Sub-Saharan Africa. Continue Reading »

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Tuesday, August 7, 2012

MICROCAPITAL PAPER WRAP-UP: “Youth’s Financial Inclusion Policy Reform Study;” by Yassir Ahmed Hassan Jamie; published by MDG Achievement Fund; Microfinance Unit, Central Bank of Sudan; United Nations Development Programme

By Yassir Ahmed Hassan Jamie, published by MDG (Millennium Development Goals) Achievement Fund; Microfinance Unit, Central Bank of Sudan; United Nations Development Programme, May 2012, 103 pages, available at http://www.microfinancegateway.org/gm/document-1.9.57618/Youth%20Financial%20Inclusion%20Policy%20Reform%20Study%20FINAL.pdf Continue Reading »

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Tuesday, August 7, 2012

MICROCAPITAL BRIEF: Angola’s Sol Bank Releases $148m in Microcredit

According to a statement attributed to the CEO of Sol Bank, Coutinho Nobre Miguel, the Angolan bank has released USD 148 million in microcredit since the start of this year. Continue Reading »

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Saturday, August 4, 2012

MICROCAPITAL BRIEF: Sierra Leone Association of Commercial Banks, Central Bank of Sierra Leone, Sasikom Capital Partner to Promote Financial Inclusion

The Sierra Leone Association of Commercial Banks (SLACB); the Central Bank of Sierra Leone (BSL, in French); and Sasikom Capital Partners, a private consulting firm, have created a partnership to promote financial inclusion in Sierra Leone through a national survey and public engagement campaign. Continue Reading »

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Friday, August 3, 2012

MICROCAPITAL BRIEF: Diamond Trust Bank of East Africa Looks to Raise $21m

Diamond Trust Bank (DTB), a publicly traded bank operating in East Africa as an affiliate of the nonprofit Aga Khan Development Network, reportedly has opened a rights issue in an effort to raise KES 1.81 billion (USD 21.5 million). Continue Reading »

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Thursday, August 2, 2012

MICROCAPITAL BRIEF: Financial Information Network and Operations (FINO) of India Looks to Boost Financial Inclusion in Nigeria in Partnership With ZaaEdge Resources

Financial Information Network and Operations (FINO), an India-based for-profit technology provider, and ZaaEdge Resources Limited, a for-profit company that aims to promote financial inclusion technology in Nigeria, have entered into a partnership with the goal of improving financial inclusion in Nigeria. Continue Reading »

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