MICROFINANCE EVENT: GSG Global Impact Summit 2023; October 2-3; Malaga, Spain

Organised by the UK-based NGO Global Steering Group for Impact Investment (GSG) and its Spanish National Advisory Board (SpainNAB), this year’s Global Impact Summit will focus on three topic areas: (1) Mobilising Capital for People and Planet Where It Is Most Needed; (2) Achieving Full Transparency in Measuring Impacts – Impact Transparency 2025; and (3) Building Impact Economies. The speakers are to include

MICROCAPITAL BRIEF: Papara of Turkiye Acquires Rebellion Pay Mobile Money Service from Beka Finance of Spain in Cash, Equity Deal

Papara, a Turkiye-based provider of mobile payment services, recently acquired its Spanish competitor Rebellion Pay from Spain’s Beka Finance in exchange for an undisclosed amount of cash and shares. Rebellion, Papara’s first acquisition outside of Turkiye,

MICROCAPITAL BRIEF: Islamic Development Bank (IsDB), SCIEF Launch $30k Changemakers Competition for Shariah-compliant Fintech, Microfinance, “Creative Economy”

The Islamic Development Bank (IsDB), a multilateral development finance institution based in Saudi Arabia, recently partnered with the Saudi-Spanish Center for Islamic Economics and Finance (SCIEF), which is based in Spain, to launch the Islamic Finance Changemakers Competition. Applications are open to participants in

MICROCAPITAL BRIEF: EBRD Lends $47m to CaixaBank to Support SMEs in Morocco Amidst Coronavirus Pandemic

CaixaBank, a Spanish retail bank, recently accepted a loan of approximately MAD 430 million (USD 46.8 million) from the European Bank for Reconstruction and Development (EBRD), a UK-based development finance institution that has been investing in Morocco since 2012. CaixaBank is to use the funding to