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Maj Targets Andes Nations With $100 Million Micro Finance Fund
Maj Invest, a Danish asset manager with $8 billion in assets, is looking to boost acquisitions in the micro finance industry in the Andean region. The Copenhagen-based asset manager is in the process of raising capital to grow the size of its Maj Invest Financial Inclusion Fund II to $100 million by June from $75 million now, according to Kasper Svarrer, who oversees Maj’s private-equity business in emerging markets.
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- Uncategorized
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- Europe & Eurasia
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Uganda Government to Close Errant SACCOs
State minister for micro-finance, Haruna Kyeyune has sent a stern warning to financial institutions that cheat clients. Kyeyune said that those SACCOs cheating clients will be closed down.
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- Uncategorized
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- Sub-Saharan Africa
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Mobile Payments Drop By 85% In 2016
Nigerians’ interest in mobile banking and payments have begun to wane as the volume and value of transactions consummated on the mobile platform has dwindled by more than 85 per cent in the first seven months of 2016.
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- Uncategorized
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- Sub-Saharan Africa
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- fintech
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Microinsurance policies to be issued to half a million vulnerable people in India
The International Cooperative and Mutual Insurance Federation (ICMIF) will partner with Uplift India Association to enable over 200,000 microinsurance policies to be issued in India in the next five years, providing coverage to half a million low-income people in the country.
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- Uncategorized
- Region
- South Asia
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Zambian Mobile Money Startup Zoona Raises $15M, Eyes 10 African Markets
Zoona, one of the leading money transfer service providers in Zambia and Malawi, raised $15 million in its second round of capital funding as it seeks to spread its operations to ten countries across Africa by 2020.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Oxfam, Visa seek wider financial inclusion for disaster readiness
International humanitarian organization Oxfam and electronics payments company Visa called for wider financial inclusion to improve disaster preparedness and recovery among poor and vulnerable communities.
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This Hult Entrepreneur’s Social Enterprise Is Cleaning Up Uganda’s Informal Economy
In Kampala, Uganda, a proliferation of street vendors are unregistered and do not pay tax, working in an informal, illegal economy. Large urban areas are also notoriously-polluted, with street vendors working around fire hazards and breathing in harmful fumes - particularly charcoal smoke - on a daily basis.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Marshaling Digital Cash for Humanitarian Challenges: Uniting Private, Public and Nonprofit
In addressing humanitarian crises, what unites us—a desire to save and improve lives—is greater than what divides us—outdated perceptions of the roles of aid vs. the private sector. By recognizing this, we can use digital preparedness to set building blocks on the road to resilience.
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