Category: Deals

MICROCAPITAL BRIEF: Equator Capital Takes Equity Stake in Nigeria’s Fortis Microfinance Bank via ShoreCap II Fund

Equator Capital Partners, an “impact” fund manager based in the US city of Chicago, Illinois, recently invested an undisclosed sum to acquire a minority stake in Fortis Microfinance Bank PLC, a microfinance institution (MFI) based in Abuja, Nigeria [1]. Continue reading

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MICROCAPITAL BRIEF: LeapFrog Investments Acquires Ghana’s UT Life Insurance

Leapfrog Investments, a Mauritius-based private equity fund that invests in companies that serve people in Africa and Asia who earn low incomes, recently acquired a majority stake in UT Life Insurance, a Ghana-based insurance company, for an undisclosed price. Continue reading

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MICROCAPITAL BRIEF: Prudential Financial to Invest $350m in African Insurers, To Be Managed by LeapFrog

Prudential Financial Incorporated, a US-based financial services company, recently announced an investment of USD 350 million in life insurance companies in African countries such as Ghana, Kenya and Nigeria. Continue reading

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MICROCAPITAL BRIEF: Goodwell Investments Acquires Minority Stake in Microfinance Software Firm Musoni

Goodwell Investments, a for-profit social investment company based in the Netherlands, has invested an undisclosed sum to acquire a “significant minority stake” in Musoni Services, a Dutch microfinance software company with operations in Myanmar and nine African countries [1]. Continue reading

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MICROCAPITAL BRIEF: FMO Completes $153m Syndicated Loan to Sri Lanka’s Commercial Leasing & Finance (CLC)

Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), a Dutch development bank, recently served as lead arranger and facility agent to finalize a USD 153 million senior secured syndicated loan for Sri Lanka’s Commercial Leasing & Finance (CLC). Continue reading

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MICROCAPITAL BRIEF: Qalaa Holdings Planning to Sell 70% Stake in Microlender Tanmeyah to Egyptian Financial Group (EFG) Hermes for $40m

Qalaa Holdings, an Egypt-based investment holding company previously named Citadel Capital, recently announced that it will sell its 70-percent ownership in Tanmeyah, an Egypt-based provider of microloans and microinsurance, to Egyptian Financial Group (EFG) Hermes, an investment bank serving the Middle East and North Africa (MENA) region. Continue reading

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MICROCAPITAL BRIEF: Développement international Desjardins (DiD) to Provide Microfinance to Food Producers in Senegal in Partnership with Micronutrient Initiative

Développement international Desjardins (DiD), a Canadian nonprofit supporting the community finance sector in emerging economies, recently joined the “Project integer de nutrition dans les regions de Kedougou et Kolda (PINKK)”, which is aimed at increasing food security for women and children in the Senegalese regions of Kedougou and Kolda. Continue reading

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MICROCAPITAL BRIEF: Cameroon Cooperative Credit Union League (CamCCUL) Members to Access Agricultural Credit Facilitation Fund of Projet d’Appui au Développement de la Microfinance Rurale (PADMIR)

Nine financial cooperatives associated with the Cameroon Cooperative Credit Union League (CamCCUL), a network of 208 financial institutions that also provides financial services directly to the public, have met the requirements to access the Agricultural Credit Facilitation Fund of Projet d’Appui au Développement de la Microfinance Rurale (PADMIR), a Cameroon-based investor in microfinance institutions (MFIs). Continue reading

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MICROCAPITAL BRIEF: French Insurer AXA Ups Commitment to Microinsurance, Increasing Equity Stake in UK’s MicroEnsure to 46%

MicroEnsure, a UK-based, for-profit microinsurance company founded by US-based NGO Opportunity International, recently announced that AXA Group, a French insurance and asset management company, will pay an undisclosed sum to increase its equity stake in the organization to 46 percent from an unspecified level. Continue reading

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MICROCAPITAL BRIEF: African Development Bank (AfDB), MasterCard Collaborate on Financial Inclusion in Africa

The African Development Bank (AfDB), a multilateral institution providing loans and grants to governments and private companies on the continent; and MasterCard, a US-based payments and technology company, recently announced that they are launching a collaboration aimed at increasing financial inclusion in Africa. Continue reading

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MICROFINANCE EVENT: European Microfinance Network (EMN) to Host 13th Annual Conference “Who, What and For Whom? Shaping European Microfinance,” June 16-17, 2016, Warsaw, Poland

Event Name: 13th Annual EMN Conference “Who, What and For Whom? Shaping European Microfinance”

Event Dates: June 16-17, 2016

Event Location: Novotel Warszawa Centrum Hotel, Warsaw, Poland Continue reading

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Written by Comments Off on MICROFINANCE EVENT: European Microfinance Network (EMN) to Host 13th Annual Conference “Who, What and For Whom? Shaping European Microfinance,” June 16-17, 2016, Warsaw, Poland Posted in Deals, Events, Key Players

MICROCAPITAL BRIEF: Financial Sector Development Program (FSD) Africa to Invest $2m in Microinsurance Innovation Laboratory of International Labor Organization’s (ILO’s) Impact Insurance Facility

The Financial Sector Development Program (FSD) Africa, a project funded by the UK’s Department for International Development (DfID), will invest USD 1.8 million over the next four years in the “microinsurance innovation laboratory” to be developed by the Impact Insurance Facility (IIF) of the International Labor Organization (ILO), an agency of the United Nations. Continue reading

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MICROCAPITAL BRIEF: Symbiotics Issues $22m in Bonds to Benefit Indian Microfinance Institutions (MFIs) Annapurna, ESAF Microfinance and Investment (EMFIL), Satin Creditcare

Symbiotics, a Switzerland-based investment company that focuses on emerging markets, recently informed MicroCapital that it has completed bond transactions with a total value of USD 22 million. Continue reading

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MICROCAPITAL BRIEF: Central Bank of West African States, Islamic Corporation for the Development of the Private Sector to invest $30m in Small, Medium-sized Enterprises (SMEs)

Banque Centrale des Etats de L’Afrique (BCEAO), the central bank for eight West African countries, and the Islamic Corporation for the Development of the Private Sector (ICD), a development finance institution affiliated with the Saudi Arabia-based Islamic Development Bank, recently agreed to provide USD 30 million to small and medium-sized enterprises (SMEs) in the West African Economic and Monetary Union (WAEMU). Continue reading

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MICROCAPITAL BRIEF: C-Quadrat’s Dual Return Funds Loan $6.5m to Microfinance Institutions (MFIs) in China, Panama

During January 2016, Austria’s C-Quadrat Asset Management issued loans worth the equivalent of USD 6.5 million via its two Dual Return Funds to unspecified microfinance institutions (MFIs) in China and Panama. Continue reading

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MICROCAPITAL BRIEF: Symbiotics Completes Bond Disbursements Totaling $5.5m to Microfinance Institution Prasac of Cambodia

Symbiotics Group, a Swiss for-profit provider of investment and business services, recently issued the second tranche of a bond totaling USD 5.5 million to Prasac, a Cambodian microfinance institution (MFI). Continue reading

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MICROCAPITAL BRIEF: Luxembourg Directorate for Development and Cooperation (LuxDev) Donates $219k to Support Microfinance Institution (MFI) Asusu Of Niger to Train 550 Young Entrepreneurs

The Luxembourg Directorate for Development and Cooperation (LuxDev), a government-owned institution encouraging international development, has awarded a donation of EUR 200,000 (USD 218,000) to ADA, a Luxembourg-based nonprofit organization formerly known as Appui au Developpement Autonome. The donation is intended to assist Asusu, a Niger-based microfinance institution (MFI). Continue reading

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MICROCAPITAL BRIEF: Olympus Capital Asia Invests $30m in Equity in Microfinance Institution Network CreditAccess

Olympus Capital Asia, a private equity firm with offices in Hong Kong, New Delhi, Seoul, Shanghai, Singapore and New York, recently invested USD 30 million in equity in CreditAccess Asia, a Dutch operator of microfinance institutions (MFIs) in India, Indonesia and the Philippines, aiming to help expand CreditAccess Asia’s retail lending services. Continue reading

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