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Report: Mobile Money Could Be a Silver Bullet for Financial Inclusion in Africa
Mobile money is shaping up to be one of the most exciting areas in mobile communications, and is quickly transforming the way in which consumers and enterprises transact.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Grameen Crédit Agricole Microfinance Loans $1.2m to Kenyan Juhudi Kilimo, Uganda Microcredit Foundation (UMF), Uganda’s Encot
The Grameen Crédit Agricole Microfinance Foundation (GCAMF), a Luxembourg-based provider of financial services to microfinance institutions (MFIs) and other social businesses, recently informed MicroCapital that it has issued the following three loans: (1) EUR 482,000 (USD 555,000) over a two-year period to to Juhudi Kilimo, a for-profit provider of microloans and microinsurance in Kenya; (2) EUR 293,000 (USD 339,000) over a three-year period to Uganda Microcredit Foundation (UMF), a microfinance institution offering financial services to “economically active” Ugandans; and (3) EUR 257,000 (USD 297,000) over a three-year period to Encont, a provider of microloans to rural enterprises in Uganda [1].
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- lending, microfinance
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The Fight Against Malaria, At a Critical Juncture
Lindsey Graham stood at a podium at the festooned Knight Conference Center in Washington’s Newseum in early December and addressed a room full of public health advocates, researchers and politicians gathered for the 2014 Malaria Champions Breakfast.
- Categories
- Education, Health Care
- Region
- Sub-Saharan Africa
- Tags
- research
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Accion Microfinance Bank Attains National MFB Status in Nigeria, Gives Out N32bn Loans
Accion Microfinance Bank Limited has upgraded to the category of a national microfinance bank (MFB). By this development, the bank said, it has surpassed the Central Bank of Nigeria (CBN) requirements for a national MFB.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Viewpoint: What Africa Really Needs to Fight Ebola and Other Emerging Diseases: Anti-Corruption Efforts
As Ebola’s death toll surpasses 8,000 people, well-intentioned individuals have been suggesting different strategies to contain the crisis. Many of these recommendations have included the use of modern technologies like cell phones, coupled with innovations such as a global rapid response team. But more than anything, what Africa really needs is simply more investment in its people and its basic health care infrastructure, along with reduced corruption—making sure that the money sent to lay the foundations of public health actually goes where it is supposed to.
- Categories
- Health Care
- Region
- Sub-Saharan Africa
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Zambian MFIs Complain of Negative Impact of Bank of Zambia Interest Rates Limits
The decision by Bank of Zambia (BoZ) to limit interest rates that licenced non-banking financial institutions can charge customers had a negative effect on micro-finance institutions (MFIs) performance last year.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- lending, microfinance
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Helios Investment Partners raises US $1 billion African investment fund
Pan-African private investment firm Helios Investment Partners has raised over US$1 billion for a third Africa-focused fund, with the firm claiming the fund is the largest in existence dedicated to African private equity.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Etisalat Partners with Firstbank to Provide Mobile Money in Nigeria
In a partnership which industry watchers hailed as capable of entrenching financial inclusion and lead innovation in mobile payment systems, Etisalat Nigeria and FirstBank have teamed up to provide Firstmonie on the Etisalat Easywallet SIM application solution.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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