Category: Technology

MICROCAPITAL BRIEF: Thailand’s Group Lease Acquires 30% Equity Stake in Sri Lanka’s Commercial Credit and Finance (CCF) for $70m

Group Lease Public Company Limited, which is listed on the Thailand Stock Exchange, recently acquired a 29.99-percent stake in Commercial Credit and Finance Plc (CCF), which is traded on Sri Lanka’s Colombo Stock Exchange, for LKR 10.6 billion (USD 70 million). Continue reading

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MICROFINANCE PUBLICATION ROUND-UP: Impact of M-Pesa Mobile Money; Microinsurance in Sri Lanka; Women’s Financial Diaries in India, Kenya, Mexico

“The Long-run Poverty and Gender Impacts of Mobile Money”; by Tavneet Suri and William Jack; published in Science; December 8, 2016, 4 pages; available at http://science.sciencemag.org/content/354/6317/1288.full/

This article reviews a study that assessed the impact of the M-Pesa mobile payment service in Kenya. Continue reading

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MICROCAPITAL BRIEF: AYo Offers Free Mobile Health, Life Insurance to MTN Phone Subscribers in Uganda: “Recharge with Care” & “Send with Care”

AYo, which is a joint venture between two South African firms, insurer MMI Holdings and the MTN (Mobile Telecommunications Network) Group, recently launched its first two products, both in Uganda: (1) Recharge with Care, which provides life and/or hospitalization insurance when an MTN phone subscriber buys airtime; and (2) Send with Care, which Continue reading

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MICROCAPITAL BRIEF: FMO, IFC Invest $16m in Equity in Mobisol to Finance Solar Power in Kenya, Rwanda, Tanzania

Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), a Dutch development bank, recently announced that is placing equity investments totaling EUR 9.2 million (USD 9.9 million) in Mobisol, a Germany-based provider of solar home systems in East Africa. The investments are funded by two entities FMO manages in partnership with the Dutch government: MASSIF and the Access to Energy Fund. These investments were accompanied by an equity placement of EUR 5.4 million (USD 5.8 million) by Continue reading

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MICROCAPITAL BRIEF: IFC to Advise FINCA DRC on Boosting Access to Credit, Mobile Banking in the Democratic Republic of the Congo, with Funding from The MasterCard Foundation

The World Bank Group’s International Finance Corporation (IFC) recently agreed to provide two years of advisory services, valued at USD 1 million, to FINCA DRC, a unit of US-based FINCA Microfinance Holding Company that provides savings and credit services to 256,000 customers in the Democratic Republic of Congo. The goal is to Continue reading

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MICROCAPITAL BRIEF: Solar Financier PEG Africa Offers Customers in Ghana Free Hospitalization Insurance via Bima

PEG Africa, which offers “rent-to-own” financing for solar products in Cote d’Ivoire and Ghana, recently arranged to offer select customers no-cost insurance cover via Bima, a microinsurance service of Sweden’s Milvik. The rollout across Ghana follows a pilot project that served 2,000 families. PEG will enroll customers that meet certain criteria relating to loyalty and timeliness of repayment. The insurnace will pay out for Continue reading

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MICROCAPITAL BRIEF: Jumo Sells Microenterprise, Consumer Lender afb Ghana to Letshego

Letshego Holding Limited, which is based in Botswana and offers deposit and lending services in 10 African countries, recently paid an undisclosed price to Jumo World Limited, a financial technology firm registered in Mauritius, for all of the shares of afb Ghana, which has 60,000 customers and total assets of GHS 97 million (USD 23 million) as of December 2016. Both afb and Letshego lend for Continue reading

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SPECIAL REPORT: Semaine Africaine de la Microfinance (SAM, also known as African Microfinance Week) Scheduled for October 9 – October 13, 2017, in Addis Ababa, Ethiopia

Luxembourgish NGO ADA, 27-member African Microfinance Transparency and the 71-member Microfinance African Institutions Network recently announced that they will hold the Semaine Africaine de la Microfinance Continue reading

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SPECIAL REPORT: Recommendations from the Mekong Financial Inclusion Forum

AtBanking With the Poor Network the 2016 Mekong Financial Inclusion Forum, Ms. Claire Van der Vaeren, UN Resident Coordinator and UNDP Resident Representative, Cambodia, said that financial inclusion is a vital enabler that can help unlock the potential of the poor and underserved, enhance women’s economic empowerment and catalyse a range of national development objectives. Its importance is shown in references to six of the seventeen UN sustainable development goals.

Ms. Van der Vaeren also was impressed by level of private and public engagement in Continue reading

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MICROFINANCE EVENT: International Conference on Sustainable Development; September 6 – 7, 2017; Rome, Italy

Event Name: The International Conference on Sustainable Development (ICSD) 2017

Event Date: September 6 – 7, 2017

Event Location: Roma Eventi, Piazza della Pilotta, Rome, Italy

Summary of Event: The theme of this conference for 2017 is “Creating a unified foundation for…Sustainable Development: research, practice and education.” The organizers’ goal is to Continue reading

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MICROFINANCE EVENT: Africa Financial Services Investment Conference (AFSIC) Annual Conference; May 3 – 5, 2017; London, UK

Event Name: Africa Financial Services Investment Conference (AFSIC) Annual Conference

Event Date: May 3 – 5, 2017

Event Location: Park Plaza Riverbank, London, UK

Summary of Event: This event will address opportunities to invest in financial services in Africa. Speakers will discuss Continue reading

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Written by Comments Off on MICROFINANCE EVENT: Africa Financial Services Investment Conference (AFSIC) Annual Conference; May 3 – 5, 2017; London, UK Posted in Africa, Events, Technology

MICROFINANCE EVENT: Mobile Insurance Conference; February 23 – 24, 2017; Douala, Cameroon; Organized by IAIS, A2ii and CIMA

Event Name: Mobile Insurance Conference, presented by the Association of Insurance Supervisors (IAIS), the Access to Insurance Initiative (A2ii) and the Inter-African Conference on Insurance Markets (CIMA)

Event Date: February 23 – 24, 2017

Event Location: Douala, Cameroon

Summary of Event: This event will address trends in mobile insurance and related technologies, as well as risks and regulations associated with the sector. It is targeted Continue reading

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MICROFINANCE EVENT: Cashless Africa: The Future of Finance; March 22 – 23, 2017; Lagos, Nigeria

Event Name: Cashless Africa: The Future of Finance

Event Date: March 22 – 23, 2017

Event Location: Lagos Oriental Hotel, Lagos, Nigeria

Summary of Event: This year’s theme for the Cashless Africa Conference is “The Future of Finance.” It will highlight Continue reading

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Written by Comments Off on MICROFINANCE EVENT: Cashless Africa: The Future of Finance; March 22 – 23, 2017; Lagos, Nigeria Posted in Africa, Events, Technology

SPECIAL REPORT: Stimulating the Uptake and Impact of Remittances in Southeast Asia through Technology

AtBanking With the Poor Network the 2016 Mekong Financial Inclusion Forum, Ron Bevacqua, Managing Director of ACCESS Advisory, asked what gaps in local payment systems can be closed by digital services. Juanita Woodward, Singapore Country Director at WorldRemit, said “I think we are at a tipping point with Continue reading

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MICROFINANCE EVENT: African Finance & Investment Forum: Entrepreneurship and Innovation for Growth; February 13 – 16, 2017; Nairobi, Kenya

Event Name: Africa Finance & Investment Forum (AFIF) Entrepreneurship and Innovation for Growth

Event Date: February 13 – 16, 2017

Event Location: Strathmore University, Nairobi, Kenya

Summary of Event: This year’s iteration of the annual African Finance & Investment Forum (AFIF) will focus on entrepreneurship and innovation over two days of conference sessions preceded by a two-day training session. The goal of Continue reading

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MICROCAPITAL BRIEF: Banque Atlantique, Express Union, MTN, WorldRemit to Offer Digital Remittance Services in Cameroon

WorldRemit, a UK-based online money transfer service, recently announced that it will partner with Mobile Telecommunications Network Group (MTN), a South Africa-based telecommunications provider; Express Union, a Cameroon-based financial services firm; and Banque Atlantique, a Togo-based retail bank, to offer digital remittance services in Cameroon. Continue reading

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MICROFINANCE EVENT: Geodata for Inclusive Finance and Food; February 16, 2017; Rotterdam, the Netherlands

Event Name: Geodata for Inclusive Finance and Food

Event Date: February 16, 2017

Event Location: Hulstkamp Gebouw, Maaskade 116, Rotterdam, the Netherlands

Cost: This event is open by invitation only.

Summary of Event: This event will address how “geodata” can be used to expand inclusive finance and food security. Continue reading

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MICROFINANCE EVENT: Digital Financial Services: Are We Realising Their Full Potential?; January 19, 2017; London, UK

Event Name: Digital Financial Services: Are We Realising Their Full Potential?

Event Date: January 19, 2017

Event Location: Citigroup Centre, 33 Canada Square, Canary Wharf, London, UK

Cost: There is no registration fee, but in order to attend you must purchase a membership to the Financial Inclusion Forum unless it is your first time at one of the organization’s events.

Summary of Event: This event will address concerns regarding digital financial services and how to move beyond the focus on payments to increase the availability and usage of savings, credit and insurance. Continue reading

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