Mozambique Market Profile

April 28, 2016 - 10:58am from Center for Financial Inclusion Blog
> Posted by Saran Sidime, Operations Assistant, the Smart Campaign Despite – or because of – economic growth, booming exports, and increased foreign investments in many African countries, income inequality on the continent, by many accounts, is increasing. As a region, sub-Saharan Africa has a higher level of inequality than the rest of ...
April 25, 2016 - 8:06pm from MicroCapital
“Financial Diaries with Smallholder Families;” by J. Anderson, W. Ahmed; published by CGAP (Consultative Group to Assist the Poor); February 2016; 108 pages; available at http://www.cgap.org/publications/financial-diaries-smallholder-families This report investigates the financial situations of 270 families in Mozambique, Pakistan and Tanzania and the challenges they faced pertaining to ...
March 15, 2016 - 10:54am from Center for Financial Inclusion Blog
> Posted by Caitlin Sanford, Bankable Frontier Associates “Although Paula is experiencing economic difficulties, she says that she will stretch the little money she has to cover household expenses.” -Field researcher’s qualitative journal Today the Mexican Ministry of Finance (Secretaría de Hacienda y Crédito Público), the federal development bank BANSEFI (Banco del Ahorro Nacional y Servicios Financieros), the MetLife Foundation, and Bankable Frontier ...
February 22, 2016 - 10:19am from CGAP Microfinance Blog
During the Financial Diaries with Smallholder Families research in Mozambique, "Zaila," a twenty-three year old Mozambican woman living with her five-year old daughter, two year-old son, and 16-year-old brother named Nestor – told us that January through March was the worst time of year. Dubbed "the hunger season," many families in the Smallholder Diaries went hungry during this period, which coincides with the rainy season.
February 22, 2016 - 2:13am from MicroCapital
The Overseas Private Investment Corporation (OPIC), a development finance institution backed by the US government, recently invested USD 250 million through a senior debt facility in Bayport Management Limited, Mauritius-based network of microfinance institutions (MFIs) [1]. The loan agreement states that Bayport will use the capital supplied by OPIC to fund growth in Botswana, Colombia, Ghana, Mexico, Mozambique, South Africa, Tanzania, Uganda and Zambia by developing a broader ...
February 9, 2016 - 12:41am from MicroCapital
The Financial Sector Development Program (FSD) Africa, a project funded by the UK’s Department for International Development (DfID), will invest USD 1.8 million over the next four years in the “microinsurance innovation laboratory” by the Impact Insurance Facility (IIF) of the International Labor Organization (ILO), an agency of the United Nations. The laboratory is slated to assist five insurance companies and/or distributors in sub-Saharan Africa to develop “innovative ...
January 5, 2016 - 4:13pm from MicroCapital
“Payment Aspects of Financial Inclusion;” prepared for Committee on Payments and Market Infrastructures (CPMI) and the World Bank Group,; September 2015,; 69 pages; available at: https://consultations.worldbank.org/consultation/payment-aspects-financial-inclusion This report delineates the role of payment and settlement services – the mechanisms in place to facilitate ...
January 4, 2016 - 3:04pm from Center for Financial Inclusion Blog
> Posted by Center Staff The latest edition of the Financial Inclusion 2020 News Feed, our weekly online magazine sharing the big news in banking the unbanked, is now available. Among the stories in this week’s edition are: the Alliance for Financial Inclusion (AFI) released the 2015 AFI Global Policy Forum Report, distilling the happenings of the ...
December 8, 2015 - 1:03am from MicroCapital
Safaricom, a Kenya-based telecommunications company, recently has partnered with MTN Rwanda, the Rwandan branch of South Africa-based multinational telecommunications provider Mobile Telecommunications Network Group (MTN), to enable cross-border transactions. Customers using M-Pesa, Safaricom’s mobile money service, and clients in Rwanda using the MTN Mobile Money service will be able to transfer money between the two platforms. Betty Mwangi, the director of financial services at ...
November 12, 2015 - 11:44am from Center for Financial Inclusion Blog
> Posted by Elisabeth Rhyne, Managing Director, CFI Sub-Saharan African countries may be leading the world in mobile money and growth in access to accounts, but the state of financial consumer protection in Africa is in urgent need of attention. In the EIU Global Microscope’s 2014 overall rating of the policy environment for financial ...
November 3, 2015 - 11:54am from Center for Financial Inclusion Blog
> Posted by Gloria Grandolini, Senior Director, Finance and Markets Global Practice, the World Bank Group FI2020 Week is a global conversation on the key actions needed to advance financial inclusion, grounded in the findings of the recently launched FI2020 Progress Report. From November 2-6, 2015, stakeholders around the world are participating in more than 30 events and ...
October 29, 2015 - 4:27pm from Private Sector Development Blog
In Mozambique in 2003, it took an entrepreneur 168 days to start a business. Today, it takes only 19 days. That kind of transformation has major implications for ambitious men and women who are seeking to make a mark in business, or, as is often the case in Africa, seeking to move beyond a life in agriculture. In economies with sensible, streamlined regulations, all it takes is a good idea, and a couple of weeks, and an entrepreneur is in business. This week, the ...
August 7, 2015 - 3:09pm from MicroCapital
Jeannette Kagame, the wife of Rwanda’s President Paul Kagame, recently launched a campaign that aims to financially empower women in the country. A total of USD 20 million from the Rwandan government will be dedicated to lifting 1 million women out of poverty by March 2018. The campaign will partner with New Faces New Voices, a women’s advocacy organization that was founded in Rwanda by Graca Machel, South Africa’s former First Lady. Information on plans for the disbursal of the ...
July 27, 2015 - 1:04pm from CGAP Microfinance Blog
The world’s 475 million smallholder families face unique financial challenges that are complicated and poorly understood. For greater insight into the financial lives, behaviors and needs of these families, CGAP launched the Financial Diaries of Smallholder Households project in mid-2014. Over the course of a year, 270 families in Mozambique, Tanzania, and Pakistan shared not only how they earn, spend and manage their money but also how they make financial decisions.
July 14, 2015 - 3:45am from Accion Ambassadors
My time at Akiba is drawing to a close. When I think back to the day I arrived here, stumbling into the hotel at 4:30am in a zombie-like state after 26 hours of traveling, it seems like months ago. Yet my assignment at Akiba has flown by. Over the past two weeks, I’ve been working on developing recommendations for Akiba’s website redesign – specifically on how to better communicate its mission and work in a ...
July 6, 2015 - 11:33am from Microfinance a Working Solution to Global Poverty
This summer, we are exploring the path from Farm to Table - exploring the many issues smallholder farmers face around the world.  The life of a farmer and a mother are not so different. Between planting, nourishing, waiting, and protecting, both jobs are equally demanding, while remaining unconditionally rewarding. Farmers may raise crops and mothers their children, but both desire growth and prosperity as their ultimate outcome. Lucia Enacio raises both. As ...
July 6, 2015 - 11:33am from Microfinance a Working Solution to Global Poverty
This summer, we are exploring the path from Farm to Table - exploring the many issues smallholder farmers face around the world.  The life of a farmer and a mother are not so different. Between planting, nourishing, waiting, and protecting, both jobs are equally demanding, while remaining unconditionally rewarding. Farmers may raise crops and mothers their children, but both desire growth and prosperity as their ultimate outcome. Lucia Enacio raises both. As ...
July 2, 2015 - 10:13am from CGAP Microfinance Blog
Oumar moved to Mozambique because he had heard stories of business opportunities that seemed more promising than in his home country of Mali. Within a few years, Oumar’s predictions panned out and he had grown from selling small items out of his home to building a larger storefront where he sold women’s clothing. But shortly after he opened the new women’s boutique and stocked it full of dresses, his neighbor accidently tipped over an oil lamp late at night. Oumar’s whole stock, along with ...
June 8, 2015 - 11:36am from Google news - microfinance
Islamic Bank: Microfinance will help alleviate povertyVideoNewsUsMAPUTO, Republic of Mozambique – Microfinance is a well-developed strategy to ...
June 2, 2015 - 9:09am from CGAP Microfinance Blog
In an interview in early March, 2015, “Namaissa” told us that she had bought capulanas, the traditional cloth wraps women wear in Mozambique, for her family members to wear to the commemoration of the one year anniversary of her late husband’s death. Despite having little money during this time of year, Namaissa described how she was only able to afford the luxury of new capulanas with funds from her ASCA payout in December, 2014.