by Witt Gatchell -

MICROCAPITAL BRIEF: Microfinance Institutions (MFIs) in Namibia See 24% Increase in Business in 2009 According to Namibia Financial Institutions Supervisory Authority (NAMFISA), Concerns Persist Regarding Irresponsible Lending

It has been reported that the – so far unreleased – Namibia Financial Institutions Supervisory Authority’s (NAMFISA’s) 2010 annual report indicates that Namibians borrowed 24 percent more than in 2008 and approximately 120 percent more than five years ago.

by Mihaela Grindeanu -

MICROCAPITAL BRIEF: Microloans in Namibia Grew an “Alarming” 34% in 2011 to $183m

According to a report attributed to the Namibia Financial Institutions Supervisory Authority (NAMFISA), a regulatory body under the Namibian Ministry of Finance, microloans disbursed in Namibia grew by 34 percent during 2011, reaching a total amount of NAD 1.5 billion (USD 183 million).

by Matthew Castner -

MICROCAPITAL BRIEF: BancABC Postpones Plans to Extend Microfinance Operations to Zimbabwe

Doug Munatsi, chief executive of BancABC, a commercial bank with limited microfinance activity, has postponed the extension of microfinance operations from Zambia to Zimbabwe citing the level of government salaries there [1]. Government workers in Zimbabwe earn between USD 122 and USD 206 per month and have been striking for a 400 percent wage increase since February 2010 [2].