The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle (MIV), recently announced it will offer a senior loan of EUR 500,000 (USD 600,100) to the Foundation for Economic Development “Horizonti”, Skopje (Horizonti), a Macedonian microfinance institution (MFI). Continue reading →
The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle (MIV), recently announced that it will disburse a senior loan of EUR 25 million (USD 30 million) to Finansbank, a commercial bank in Turkey that is a subsidiary of the National Bank of Greece Group, a Greek financial conglomerate. Continue reading →
Event Name: Mobile Money and Digital Payments Asia
Event Date: January 20 – January 22, 2015
Event Location: The Ritz-Carlton, Jakarta, Indonesia
Cost: The cost to attend is USD 2,399 with various discounts available, including a reduction of 20 percent for readers of MicroCapital available via the code ASIA15MIC. There is no fee for retail operators to attend.
Summary of Event: This conference will bring together payments professionals address interoperability, customer retention, regulatory issues and other topics related to Asia’s digital payments ecosystem. Continue reading →
CGAP (Consultative Group to Assist the Poor), a US-based nonprofit that aims to facilitate the expansion of financial access, and The MasterCard Foundation, a Canada-based nonprofit that aims to promote youth learning and financial inclusion in emerging markets, recently awarded a total of USD 900,000 to three projects in countries of the West African Economic and Monetary Union (WAEMU) to expand the availability of banking in the region. Continue reading →
Event Name: 5th Annual Africa Banking & Finance Conference
NEW DATES: May 19 – May 20, 2015
Event Location: Laico Regency Hotel, Nairobi, Kenya
Cost: The cost to register is USD 1200.
Summary of Event: Themed “Banking of the Future,” this conference offers presentations, panel discussions and business-to-business meetings on various topics relating to the African economic landscape, such as corporate trade finance, the emerging mortgage market, investment banking, small and medium-sized enterprises (SMEs) and different emerging issues in the region. Continue reading →
WestBridge Capital, an investment company with offices in India, Mauritius and the United States, recently invested a total of INR 98 crore (USD 16 million) to acquire 20 percent of the shares of Aptus Value Housing Finance, an India-based company that seeks to provide affordable housing finance, primarily for middle-income, self-employed customers . Continue reading →
The European Fund for Southeast Europe (EFSE), a Luxembourg-based microfinance investment vehicle (MIV), and Green for Growth Fund, Southeast Europe (GGF), a Germany-based fund that invests in energy efficiency and renewable energy sources, recently granted loans of EUR 10 million (USD 12.1 million) each to Halkbank AD Skopje, a Macedonia-based bank, for expanding the bank’s work with micro- and small enterprises (MSEs) as well as to support energy efficiency and the housing market. Continue reading →
Summary of Event: This conference features keynote speakers representing various mobile operators, device manufacturers and vendors from around the world. Depending on the type of pass selected, attendees can partake in different panel discussions and exhibitions to discuss and explore trends in mobile technology. Continue reading →
Event Name: African Conference on Remittances and Postal Networks
Event Date: March 4 – March 5, 2015
Event Location: Cape Town, South Africa
Cost: The conference is free to all participants.
Summary of Event: This conference will involve African postal operators and key players involved in the remittance market, with the purpose of sharing knowledge and addressing challenges in the provision of remittances and other financial services through postal networks, as well as fostering dialogue between stakeholders and policy makers. Continue reading →
FINCA Azerbaijan, the Azerbaijan-based subsidiary of the US-based nonprofit microfinance network Foundation for International Community Assistance (FINCA) recently received a multi-currency, syndicated loan worth USD 30 million from the Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), a Dutch public-private partnership that aims to promote growth in developing economies, with the participation of Oesterreichische Entwicklungsbank AG (OeEB), the development bank of the Austrian government. Each institution will invest the equivalent of USD 15 million, and additional commitments totalling USD 10 million are expected from various international commercial investors and asset managers. The loan facility has a term of five years and the equivalent of USD 15 million of the principal is denominated in local currency . Continue reading →
The Ghana Microfinance Institutions Network (GHAMFIN), an association of 80 microfinance institutions (MFIs) serving 60,000 clients in Ghana, recently announced that it plans to adopt a code of conduct for its members following the closure of 46 MFIs in the country during 2013. Continue reading →
Développement international Desjardins (DID), a Canadian nonprofit providing technical support and investment for the community finance sector in emerging economies, and Financière agricole du Québec – Développement international (FADQDI), a Canadian nonprofit that aims to promote rural economic development, recently announced that they will launch a joint project with the aim of supporting the agricultural sector in Colombia. Continue reading →
The Reserve Bank of India (RBI), the country’s central banking authority, recently issued guidelines for the licensing of “small finance banks,” which are intended to provide credit and savings services to small businesses, small-scale farmers and other entities in the “unorganized sector.” Continue reading →
The Foundation for International Community Assistance (FINCA), a US-based nonprofit microfinance network, has formally launched the operations of FINCA Microfinance Bank (FINCA MfB) in Owerri, Imo, Nigeria, following the issuance of its license by the Central Bank of Nigeria (CBN) on October 30, 2014. Continue reading →
Summary of Event: This conference is the second edition of Sankalp Africa Summit. This year, the theme is “Accelerating Innovation and Entrepreneurship Towards an Inclusive Africa”. It will include dialog among African entrepreneurs, investors and corporate and government representatives. Ten African social businesses will win Sankalp Africa Awards. Continue reading →
Cost: The cost to register is INR 5,000 for Indians and USD 250 for those from other countries. Discounts are available for academics and all who register by December 31. Registration closes January 31.
Summary of Event: The hosts of this conference invite academicians, policy makers and representatives of NGOs to work together to promote the adoption of policies for creating economically and financially enabling environments in developing countries. It is also meant to serve as a platform for economists, administrators and practitioners to address issues relating to entrepreneurial microfinance and financial inclusion. Participants will discuss strategies for eradicating poverty and strengthening growth through microentrepreneurship. Continue reading →