Sub-Saharan Africa.

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  • LeapFrog Invests $14M in Insurer Apollo

    NAIROBI, Kenya, April 14, 2011 /PRNewswire/ -- LeapFrog Investments has announced a landmark investment of $14 millioninto East African insurance group Apollo Investment Ltd, the largest deal in the history of microinsurance in Africa. Launched with President Bill Clinton at the Clinton Global Initiative in 2008, LeapFrog’s $135 million fund invests in companies providing insurance to under-served people in emerging markets. In Africa, LeapFrog...

    Source
    PR Newswire (link opens in a new window)
    Region
    Sub-Saharan Africa
  • Kenyan Women Pulling Together Against Poverty

    KIAMBU DISTRICT, Kenya, Apr 13, 2011 (IPS) - When it works, it’s spectacular: Esther Ngonyo Njuguna’s dairy project stands as testimony to the potential of microcredit schemes to boost rural incomes. Eight years ago, Mama Njoki - "Njoki’s mother" as Njuguna is affectionately called in honor of one of her five children - says she was a housewife in the Kiambu District of Central Kenya. Her husband is an accountant, earning enough to cover household expenses. ...

    Source
    IPSNews.net (link opens in a new window)
    Region
    Sub-Saharan Africa
  • COWAN Empowers Rural Women Through Micro Credit Facility

    Country Women Association of Nigeria (COWAN) said it’s been empowering rural women in 32 states of the country through its micro credit facility by granting revolving loans as low as N20,000,00. Speaking at a workshop organized by the Lagos State chapter of the Association titled ’The Role of Rural Women In Nigeria’s Agriculture After Golden Jubilee’ in Lagos, the National President of the Association, Chief Mrs Bisinuola Ogunleye, said that using the &...

    Source
    Vanguard (link opens in a new window)
    Region
    Sub-Saharan Africa
  • Heirs Holdings, TEF Sign Deal with Tanzanian Firm

    The Tony Elumelu Foundation (TEF) and Heirs Holdings Limited (HH) have announced the completion of an impact investment programme with Mtanga Farms, a Tanzanian based organisation as part of efforts to boost food security in Africa. A statement from the HH at the weekend, explained that the deal marked the first time an African organization and an investment firm have engaged together in impact investing, adding that the approach that is targeted at solving social and environmental prob...

    Source
    This Day Live (link opens in a new window)
    Region
    Sub-Saharan Africa
  • New Project in Ghana Aims to End Female Servitude in Agriculture

    Hundreds of young women still held as slaves to priests under traditional “Trokosi” religion The priests -- mostly maize and black bean farmers -- are taught improved farming skills so they can do without female slaves. The women learn to support themselves with new skills such as sewing and hair dressing. "The priests have vast plots of land for agriculture," says Patience Vormawor, project officer at IN Networg Ghana. "We help them to improve on their system of...

    Source
    VoANews.com (link opens in a new window)
    Region
    Sub-Saharan Africa
  • Digital Divide Data Launches Business Process Outsourcing Company in Kenya

    Digital Divide Data (DDD) announced today the launch of business operations in Nairobi, Kenya. The new company will offer business process outsourcing (BPO) services, including data entry, electronic publishing, and back-office administrative tasks to customers in East Africa as well as international markets. The social enterprise, which aims to create jobs for Kenyan youth, is the first investment in a Kenyan BPO company to combine U.S. technology and market expertise with operating experien...

    Source
    PRWeb (link opens in a new window)
    Region
    Sub-Saharan Africa
  • Experts Warn Africa Must Learn from India’s Microfinance Problems

    It has been lauded as one of the most promising ways of using the market to reduce poverty and boost economies in some of the world’s most deprived areas. But in recent months the work of microfinance institutions (MFIs), which provide small loans to poor people with no access to traditional banking services, has come under scrutiny after a spate of suicides in the Indian province of Andhra Pradesh was linked to borrowers’ inability to repay their loans. The news made inte...

    Source
    CNN (link opens in a new window)
    Region
    Sub-Saharan Africa
  • Kopo Kopo Helps Bring Mobile Microfinance to Sierra Leone

    Kopo Kopo, a software company that operates a services platform connecting mobile money to microfinance institutions, has partnered withHope Micro and Splash Mobile Money to bring mobile financial services to the country. Hope Micro customers will now be able to repay their loans via Splash Mobile Money, a service that allows users on the top three mobile networks to load cash onto their phones, send money, pay bills, withdrawcash, and buy goods. As a result, Hope Micro customers n...

    Source
    Mobile-Financial.com (link opens in a new window)
    Categories
    NextBillion Originals
    Region
    Sub-Saharan Africa
    Tags
    NextBillion.net
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