» Currently browsing: Africa
Friday, January 27, 2012
The Agence Française de Développement (AFD), a French public development finance institution, has donated EUR 1.8 million (USD 2.4 million) in technical assistance (TA) funding to Incofin Rural Impulse Fund II. Valued at EUR 120 million (USD 173 million), Rural Impulse Fund II is one of two funds managed by Belgium’s Incofin Investment Management that invest in rural microfinance institutions [1]. Continue Reading »
Thursday, January 26, 2012
Kiva, a US-based microfinance intermediary, is launching a new platform, Kiva Zip, enabling users to lend directly to microentrepreneurs around the world. Continue Reading »
Wednesday, January 25, 2012
K-Rep Bank, a Kenyan commercial bank focused on providing services to poor people, has spent an estimated KES 50 million (USD 582,000) to upgrade to a software system from Switzerland’s Temenos called “T24 for Microfinance and Community Banking” [1]. Continue Reading »
Wednesday, January 25, 2012
As part of its Liberian Inclusive Financial Sector (LIFS) Project, which is supported by the United Nations Development Program (UNDP), the Central Bank of Liberia (CBL) has launched a LRD 200 million (USD 2.7 million) “Loan Extension Assistance Facility” (LEAF) economic stimulus initiative which targets Liberian microfinance institutions [1]. Continue Reading »
Wednesday, January 25, 2012
Obopay, a mobile payments company headquartered in the US state of California, has partnered with Warid Telecom, a Pakistan-based postpaid cellular phone service provider, to launch a mobile banking and payment service in Uganda called Warid Pesa. Continue Reading »
Tuesday, January 24, 2012
Merar, an emerging markets investment network, has listed the opportunity to invest up to USD 3 million in an unspecified start-up microfinance project in Swaziland. Continue Reading »
Tuesday, January 24, 2012
A 6-day strike in response to the removal of fuel subsidies in Nigeria has reportedly cost microfinance banks (MFBs) NGN 2.4 billion (USD 14.9 million) in expected inflows. Continue Reading »
Tuesday, January 24, 2012
FINCA Zambia Limited, a Zambian microfinance institution (MFI) affiliated with US-based nonprofit FINCA International, plans to reduce its effective lending rates in 2012 by 20 percent after having experienced a repayment rate of 97 percent during the 2011 fiscal period. Continue Reading »
Sunday, January 22, 2012
The Central Bank of Nigeria has begun taxing cash withdrawals and deposits that exceed NGN 150,000 (USD 931) per day for individuals and NGN 1,000,000 (USD 6,205) per day for corporations [1]. Continue Reading »
Thursday, January 19, 2012
MFTransparency, a US-based nongovernmental organization that aims to provide clear information on credit products and pricing, recently released the report from its Transparent Pricing Initiative in Ethiopia which was launched in September 2011 [1]. Continue Reading »
Tuesday, January 17, 2012
Switzerland’s responsAbility Social Investments AG (responsAbility) recently reported to MicroCapital that it has made loans totaling the local-currency equivalent of USD 3 million to financial institutions Advans Cameroun and Opportunity International Bank of Malawi (OIBM). Continue Reading »
Tuesday, January 17, 2012
The United Nations (UN) International Fund for Agricultural Development (IFAD), an organization working to alleviate rural poverty in developing nations, has pledged to provide USD 100 million to the Federal Democratic Republic of Ethiopia for the Rural Financial Intermediation Programme Phase II (RUFIP II). Continue Reading »
Tuesday, January 17, 2012
The Participatory Microfinance Group for Africa (PAMIGA), a Paris-based microfinance network, has opened an office in Ethiopia with the support of the United Nations Capital Development Fund (UNCDF) MicroLead Program, which aims to promote microsavings. Continue Reading »
Monday, January 16, 2012
MobileActive, a global network of people using mobile technology for social impact, recently reported on Pesinet, a French nonprofit that uses mobile technology to provide regular health checkups and insurance to young children in Mali. Continue Reading »
Tuesday, January 10, 2012
Event Name: 2nd Annual Africa Banking & Finance Conference – ABFC 2012
Event Date: March 6 and March 7, 2012
Event Location: Crowne Plaza Hotel, Nairobi, Kenya Continue Reading »
Tuesday, January 10, 2012
Event Name: Financing Low Cost Housing Africa
Event Date: March 28 and March 29, 2012
Event Location: Hilton Nairobi Hotel, Nairobi, Kenya Continue Reading »
Tuesday, January 10, 2012
The Lagos State Chapter of the National Association of Microfinance Banks (NAMB), a trade group of microfinance banks (MFBs) in Nigeria, has announced that it plans to undertake a micro-housing project for “low-income earners” in Lagos state [1]. Continue Reading »
Tuesday, January 10, 2012
The Tanzania Association of Microfinance Institutions (TAMFI) has announced that 48 of its member microfinance institutions (MFIs) have adopted a code of conduct. Winnie Terry, TAMFI Executive Secretary, was quoted as having said, “With this code of conduct, TAMFI members are expected to take a leading role to deliver high quality and responsible financial services to the community. The code is intended to make Microfinance Institutions become more responsive to the clients they serve.” Continue Reading »
RSS 1.0
Blogs that Link Here
