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Rwanda Finalises Process to Interlink Financial Sector
The government of Rwanda is in final stages to interlink its financial sector, a move that will see the banking, microfinance, pension, insurance as well as capital market linked together.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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India’s Microfinance Sector Sees 29% Rise in Loan Disbursements in First Quarter
Microfinance industry has witnessed 29 per cent growth in loan disbursements during the first quarter of 2016-17, a report says.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- lending, microfinance
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South Africa is a Regional Leader in the Financial Inclusion of Women
South Africa is the only country in the Southern African Development Community in which women are more financially included than men, new research shows.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Betting Craze Powers Mobile Money to 20 Percent Growth in Kenya
The volume of cash moving through mobile money transfer platforms grew by a fifth in the first six months of this year, powered by increased uptake of cellphone-based gaming, industry data shows.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Tanzania Keeps Close Eye on Kenya’s Interest Rates Cap Impact
The Bank of Tanzania (BoT) says it is closely watching the outcome of the decision by Kenya to introduce caps on loan interest rates before considering a move back home.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Ratan Tata, Nandan Nilekani to Start Microfinance Company
Mumbai: Ratan Tata, chairman emeritus of Tata Sons, Vijay Kelkar, former finance secretary and chairman of the National Institute of Public Finance and Policy, and Nandan Nilekani, co-founder of Infosys Ltd and the architect of Aadhaar, are joining hands to start a microfinance institution (MFI).
- Categories
- Uncategorized
- Region
- South Asia
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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.
- Categories
- Uncategorized
- Region
- 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.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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