Agence Française de Développement (AFD), the overseas development agency of the French government, recently provided TNR 22.8 million (USD 12 million) in debt funding to Enda Tamweel, the agricultural and livestock microfinance division of Tunisia-based microfinance organization Enda Inter-Arabe.
ResponsAbility Investments AG, a Swiss company specializing in investments in areas such as fair trade, recently informed MicroCapital that it has agreed to loan the equivalent of USD 10 million to Kompanion Bank Closed Joint Stock Company, an organization in Kyrgyzstan whose business comprises more than 90 percent microfinance, according to the US-based nonprofit Microfinance Information Exchange.
The Small and Medium Enterprises Development Agency of Sierra Leone (SMESL), which was established by that nation’s parliament in 2015 , recently announced it will provide loans at interest rates below 10 percent per year without a collateral requirement, in an effort to strengthen small and medium-sized enterprises in the country.
“Mobile Money Momentum in Four African Countries;” published by CGAP (Consultative Group to Assist the Poor); December 2015; 101 pages; available at: http://www.cgap.org/news/new-data-cgap-sets-benchmark-use-mobile-financial-services
Investisseurs & Partenaires (I&P), a France-based family of investment funds that supports “socially responsible” entrepreneurs in Sub-Saharan Africa, recently announced the inauguration of its third fund, Teranga Capital (TC).
Event Name: Microinsurance Learning Sessions: Microinsurance Business Models for Africa
Event Dates: April 6-7, 2016
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 .
The Overseas Private Investment Corporation (OPIC), a development finance institution backed by the US government, recently committed to investing up to USD 200 million in equity in Leapfrog Investments, a for-profit private equity fund based in Mauritius.
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.
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.
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 .
Symbiotics, a Switzerland-based investment company that focuses on emerging markets, recently informed MicroCapital that it completed the following bond transactions Bonds worth USD 10 million were sold to unidentified investors to benefit CFPA Microfinance Management, a microfinance institution (MFI) in China that is affiliated with the China Foundation for Poverty Alleviation.
“ADB Report: Asia SME Finance Monitor 2014;” by S. Shinozaki, T. Chaiken, S. Jain, K. Dorofev, C. T. Delos Santos and J. Bautista; published by the Asian Development Bank (ADB); September 2015; 318 pages; available at: http://www.adb.org/sites/default/files/publication/173205/asia-sme-finance-monitor2014.pdf
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).
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.
The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle (MIV), recently announced that it will loan EUR 5 million (USD 5.5 million) to Nova Ljubljanska Banka (NLB) d.d. Sarajevo, which is controlled by Slovenian finance firm NLB Group, to enable younger and lower-income households in Bosnia and Herzegovina to acquire housing.
“Current Trends in International Funding for Financial Inclusion;” by M. Soursourian, E. Dashi and E. Dokle; published by CGAP (Consultative Group to Assist the Poor); December 2015; 4 pages; available at: http://www.cgap.org/sites/default/files/Brief-Current-Trends-in-International-Funding-Dec-2015.pdf
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.