Angola Market Profile

October 2, 2014 - 3:46pm from MicroCapital
Banco Macro, a private bank in Argentina, recently announced that it has launched “Alumbra,”[1] a lending vehicle for micro- and small enterprises. Alumbra, which will be operated by Fundacion Macro, Banco Macro’s charitable arm, will offer loans in amounts ranging from USD 250 to USD 6,000. Alumbra will be launched in Salta, one of Argentina’s poorest regions. It will use the microfinance banking software of Mambu, a Germany-based technology company that offers cloud-based banking ...
July 24, 2014 - 4:18pm from MicroCapital
Mentors International, a US-based nonprofit microfinance institution (MFI) that seeks to help poor people in developing countries become self-sufficient, recently has signed on to use the banking software of Mambu, a Germany-based technology company that offers cloud-based banking solutions. Mambu’s platform is expected to support Mentors International’s operations in El Salvador, Guatemala, Honduras, Peru and in the Philippines. Mentors International will also use Mambu’s open ...
July 24, 2014 - 5:03am from MicroCapital
ActivEdge Technologies, a Nigeria-based company, and SAP Africa, the South Africa-based branch of German software provider Systemanalyse und Programmentwicklung (SAP), reportedly have partnered to offer a mobile money-transfer service to customers in Nigeria.The partnership will allow ActiveEdge to offer various SAP services including SAP Mobile Banking, which allows customers to access banking services remotely; SAP Mobile Consumer Payment, which allows customers to make retail and ...
July 2, 2014 - 7:52am from MicroCapital
Homeless International, a UK-based nonprofit housing consultancy and finance agency that focuses on reducing urban poverty in Africa and Asia, has purchased T24 MCB, a cloud-based core banking software platform that was developed for the microfinance and community banking (MCB) segment by Temenos Group AG, a software company based in Switzerland. Temenos’s software is expected to assist Homeless International to expand and grow its client base from 16 clients to approximately 50 without ...
June 3, 2014 - 1:25pm from Center for Financial Inclusion Blog
> Posted by Nadia van de Walle, Senior Africa Specialist, the Smart Campaign #167838335 / gettyimages.com According to a recent Overseas Development Institute (ODI) report, of every eight dollars sent to Africa, a whole dollar is ...
May 29, 2014 - 5:03am from MicroCapital
Opportunity International (OI), a US-based nonprofit providing microfinance in 22 countries, has selected Mambu, a German firm offering a cloud-based banking platform, to provide banking software for OI’s lending to small and medium-sized enterprises (SMEs) in China. Opportunity China, OI’s Chinese arm, offers loans of between USD 20,000 and USD 1 million to SMEs that employ up to approximately 100 people. In explanation of the decision to use Mambu’s services, Robert Westcott, the ...
May 16, 2014 - 11:15pm from MicroCapital
One Credit, a consumer finance company based in Nigeria; Premier Kenya, a financial services provider based in Kenya; and Mão Solidária Microfinança, a microfinance institution based in Angola, recently became customers of Mambu, a provider of web-based software designed for microfinance institutions. One Credit offers loans up to NGN 500,000 (USD 3,081) for three to 12 months. Customers need to have a minimum income of NGN 47,000 (USD 289) per month to qualify. No further ...
May 14, 2014 - 12:42pm from Microfinance Nigeria
PRNewswire – Mambu, the cloud banking technology provider, has expanded its customer footprint in Africa, confirming three new customers in Angola, Kenya and Nigeria. All three are new financial organisations extending access to financial services in underserved markets, and have chosen Mambu as their core-banking platform to launch their businesses. In Nigeria, OneCredit was established to provide better access to consumer credit for individuals who previously had limited access ...
May 14, 2014 - 12:42pm from Microfinance Africa
PRNewswire – Mambu, the cloud banking technology provider, has expanded its customer footprint in Africa, confirming three new customers in Angola, Kenya and Nigeria. All three are new financial organisations extending access to financial services in underserved markets, and have chosen Mambu as their core-banking platform to launch their businesses. In Nigeria, OneCredit was established to provide better access to consumer credit for individuals who previously had limited access ...
February 14, 2014 - 11:38am from Global development: Poverty matters blog | guardian.co.uk
In July 2003, African leaders meeting in Maputo, Mozambique, committed to allocating 10% of their national budgets to agriculture by 2008, and to increasing annual agricultural growth to 6% of GDP. Their aim: to eliminate hunger, and reduce poverty and food insecurity. Their instrument of choice: the
February 10, 2014 - 3:22pm from Global development: Poverty matters blog | guardian.co.uk
West African migrants appear increasingly to be seeking opportunities in emerging economies on the continent, rather than attempting to cross to Europe, according to scrutiny of 10 years of data covering expelled ...
January 27, 2014 - 7:00am from Global development: Poverty matters blog | guardian.co.uk
After 18 years as a social activist in Somaliland, Suad Abdi feels it is time to run for parliament. But she stands as much chance of winning a seat as a camel has of passing through the eye of a needle.Women face few restrictions in Somaliland, the self-declared independent republic in the north-western corner of conflict-ridden Somalia. ...
January 13, 2014 - 3:17pm from Global development: Poverty matters blog | guardian.co.uk
Hope City does not yet exist, except as shimmering images of giant beehive towers bathed in a golden light. But Ghana is pressing ahead to build this $10bn (£6.6bn) technology city outside the capital, ...
December 23, 2013 - 7:00am from Global development: Poverty matters blog | guardian.co.uk
By Christmas Eve, the Philippines will have spent $1bn (£0.6bn) paying foreign debts in the seven weeks since typhoon Haiyan devastated much of the country. It will have spent a total of $8.4bn on foreign debt in 2013, and faces a further $8.8bn in 2014. While a little more than
October 10, 2013 - 6:36pm from Global development: Poverty matters blog | guardian.co.uk
Five years ago, I added a new word into my vocabulary. That word was fistula, a delicately cut word that sill send chills down my spine. I was a student at Queen Mary University of London when I came across a story of a girl in eastern Democratic Republic of the Congo, sub–Saharan Africa's largest broken-back country, which Joseph ...
September 25, 2013 - 3:24pm from Global development: Poverty matters blog | guardian.co.uk
Five years ago, it was the multilateral development banks that played a critical role in tempering the worst effects of the global financial crisis, with counter-cyclical funding, liquidity support, trade finance and other instruments. The African Development Bank (ADB) ...
May 21, 2013 - 12:19pm from Global development: Poverty matters blog | guardian.co.uk
The African Union (AU) is now 50 years old. Amid the celebrations this week, the AU – which was established as the Organisation of African Unity (OAU)
May 13, 2013 - 12:30pm from MicroCapital
Triodos Bank, a for-profit financial institution based in the Netherlands, has launched two new investment funds, the Sustainable Pioneer Fund and the Sustainable Equity Fund. The Sustainable Pioneer Fund is an equity fund that focuses on investing in small and medium- sized firms that address issues relating to sustainable energy, medical technology, environmental technology and clean water. The Sustainable Equity Fund is an equity fund that invests in larger-scale firms that meet ...
May 10, 2013 - 6:00am from Global development: Poverty matters blog | guardian.co.uk
The Angolan government says it is waging "a sustained war against chaotic urbanisation", but this appears to have become a war against poor people.The most extreme examples are in Luanda, a city bursting at the seams. Around half a million people lived in Angola's capital in 1975, when the Portuguese moved out. Now, with many forced ...
May 1, 2013 - 1:52pm from AidData: The First Tranche
In this post, we respond to Deborah Brautigam’s review of our Chinese development finance data collection project. Our initiative is premised on the idea that we should open our data and methods to criticism in order to improve them. To this end, we provided all users with a methodology that describes all our procedures and methods. In ...