Mozambique Market Profile

July 25, 2014 - 5:03am from MicroCapital
The World Bank Group (WBG), a US-based multilateral financial institution recently approved a USD 25 million financing package consisting of a loan of USD 12.5 million and a grant of USD 12.5 million to support the “First Programmatic Financial Sector Development Policy Operation (DPO)”[1] of the government of Mozambique. The funding will be disbursed through the International Development Association (IDA), the member of WBG that offers interest-free credits and grants to the world’s 82 ...
July 18, 2014 - 1:53am from Microfinance Gateway News & Opinion
June 13, 2014 - 5:03am from MicroCapital
MicroEnsure, a UK-based, for-profit microinsurance company founded by US-based NGO Opportunity International, has announced that it has raised a total of USD 10.4 million from six investors including some of the company’s past investors: Opportunity International; the International Finance Corporation (IFC), the private-investment arm of the World Bank Group; Omidyar Network, a US-based social investment firm; and Telenor Group, a telecommunications company based in Norway. In addition to ...
June 5, 2014 - 5:03am from MicroCapital
The Commercial Bank of Africa (CBA), a privately owned bank that operates in Kenya, Tanzania and Uganda, and Vodacom Tanzania, a subsidiary of UK-based telecommunications company Vodafone Group, recently announced the launch of a money mobile service called M-Pawa. This service will enable people “to save and borrow money on their mobile phone”[1]. Through the service, customers can save as little as TZS 1 (USD 0.0006) and borrow from CBA in amounts based on their savings history. M-Pawa ...
June 5, 2014 - 3:14am from BRAC Blog
This article was originally posted on theguardian.com by Mahabub Hossain on May 29, 2014. Increasing nutrient levels in staple crops will improve health, but they need to be promoted by politicians and business.
May 27, 2014 - 10:30pm from MicroCapital
Vodafone Group Private Limited Corporation, a British mobile network operator, and ICICI Bank, a commercial bank in India, reportedly have launched a pilot service to deliver subsidies to individuals via M-Pesa, a mobile-money system developed by Vodafone from Janani Suraksha Yojna, a government scheme to decrease neo-natal and maternal deaths by providing delivery and post-delivery care. Under the terms of the deal, Mobile Commerce Solutions Limited (MCSL), Vodafone’s subsidiary in ...
May 26, 2014 - 5:42pm from MicroCapital
The Acumen Fund, A New York-based nonprofit venture fund, and the Adolf H Lundin Charitable Foundation, a Liechtenstein-based nonprofit organization, have invested an aggregate sum of USD 1.5 million in an unspecified combination of equity and debt in Esoko Networks Limited (Esoko) of Ghana, a technology platform that aims to strengthen the connection between farmers and markets in Africa with the use of mobile phones. The investment aims to help Esoko grow and expand its operation into ...
May 14, 2014 - 6:40pm from MicroCapital
Advans Pakistan Microfinance Bank, a member of the Advans SA group that offers financial services to micro-, small and medium-sized enterprises (MSMEs) in Pakistan, has joined with MicroEnsure Pakistan, a subsidiary of the UK-based MicroEnsure insurance agency, and Eastern Federal Union Life, a private-sector life insurance company in Pakistan, to introduce “Enhanced Credit Cover” for its borrowers. This insurance includes “Credit Health,” which covers loan payments for borrowers in the ...
May 8, 2014 - 5:03am from MicroCapital
The African Development Bank (AfDB), a multilateral institution that provides loans and grants to governments and private companies in Africa, recently announced that it will issue a local-currency credit line equivalent to USD 9 million to Moza Banco, a private financial institution that focuses on small and medium-sized enterprises (SMEs) in Mozambique. This loan is intended to finance SMEs in areas such as agriculture, manufacturing, trade, tourism and construction. Moza Banco ...
May 1, 2014 - 1:02pm from Microfinance Nigeria
Costs and lack of data are major challenges in de development of agricultural insurance in Africa. These problems have effectively been addressed and solved by EARS Earth Environment Monitoring from Delft, the Netherlands. The company has successfully developed and demonstrated a Meteosat based index insurance system that can provide affordable drought and excessive precipitation insurance to every farmer in Africa. The final technical report has just been published and is now available ...
May 1, 2014 - 1:01pm from Microfinance Africa
Costs and lack of data are major challenges in de development of agricultural insurance in Africa. These problems have effectively been addressed and solved by EARS Earth Environment Monitoring from Delft, the Netherlands. The company has successfully developed and demonstrated a Meteosat based index insurance system that can provide affordable drought and excessive precipitation insurance to every farmer in Africa. The final technical report has just been published and is now available ...
April 15, 2014 - 6:33pm from CGAP Microfinance Blog
With CGAP's Smallholder Financial Diaries project underway in Pakistan, Tanzania and Mozambique, it’s worth taking a step back and reminding ourselves why we chose this particular methodology to better understand smallholder farmers. After all, Financial Diaries are not the only research tool that we could have used.A carpenter picks a tool depending on what he needs to do with the wood before him – research is no different. Two parameters that tend to guide the method used in research are: ...
April 14, 2014 - 3:07pm from Center for Financial Inclusion Blog
> Posted by Jeffrey Riecke, Communications Associate, CFI M-Pesa, the mobile money service success story that began in Kenya in 2007 is continuing its march, this time into the surprising location of Romania, raising the questions, what will the product look like in this new European market and how will it fare. At the end of last month Vodafone, the operator ...
April 7, 2014 - 7:13pm from CGAP Microfinance Blog
The preparations for the smallholder farmer household financial diaries continue in Tanzania, Pakistan and Mozambique. Here we discuss the site selection process in Tanzania, which we completed in advance of the sampling and recruiting of households.
April 2, 2014 - 10:23pm from CGAP Microfinance Blog
CGAP and Bankable Frontier Associates (BFA) have commenced our study that examines the financial lives of smallholder agricultural families in Mozambique, Pakistan, and Tanzania. BFA, working with local research partners, recently completed site selection scoping missions in all three countries, where we were looking for areas that our local partners could access relatively conveniently, for example, those with good roads during the rainy season.
March 28, 2014 - 2:25pm from Global development: Poverty matters blog | guardian.co.uk
There was the Ugandan minister who defended raping girls as "natural", echoing a similar attitude among Nigerian lawmakers. In Somalia, a court
March 26, 2014 - 3:01am from MicroCapital
The Seed Initiative, a Germany-based nonprofit institution that supports small-scale social and environmental enterprises in emerging economies, recently announced that it is accepting applications for the “2014 Seed Awards for Entrepreneurs in Sustainable Development,” a set of annual awards presented to entrepreneurs in developing countries that Seed deems to be the “…most promising, innovative and locally led…[and that have the] potential to contribute significantly to sustainable ...
March 25, 2014 - 7:54pm from MicroCapital
US-based data analytics company First Access reportedly has signed a deal to purchase user data from cellular network provider Vodacom Tanzania, a subsidiary of UK-based telecommunications company Vodafone Group, for their risk-scoring service for financial institutions serving poor individuals. First Access calculates credit scores by examining Vodacom subscribers’ mobile phone usage to extract demographic, geographic, financial and social network data. In addition to instant credit ...
March 20, 2014 - 8:05pm from MicroCapital
Vodafone Group, a British multinational telecommunications company, has partnered with MoneyGram, a US-based money transfer company with outlets in 200 countries, to allow MoneyGram’s customers to transfer funds to account holders of M-Pesa, a mobile money service developed by Vodafone that operates in six countries in Asia and Africa. Customers will also be able to transfer funds to M-Pesa’s users via MoneyGram’s website or mobile application. The service will begin in the second quarter ...
March 3, 2014 - 5:05am from MicroCapital
Safaricom, a telecommunications provider in Kenya, reportedly has announced that it will be partnering with Britam, a Kenya-based investment firm, and Changmka Microinsurance, a Kenyan health insurance provider to offer new health microinsurance services in Kenya. Following on a pilot program that attracted 8,000 customers during 2013, the companies aim to attract 1 million customers by 2014 out of the 39 million Kenyans that do not currently have health insurance.  The companies offer ...