Mozambique Market Profile

June 8, 2015 - 3:36pm from Google news - microfinance
Islamic Bank: Microfinance will help alleviate povertyVideoNewsUsMAPUTO, Republic of Mozambique – Microfinance is a well-developed strategy to ...
June 2, 2015 - 1:09pm 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.   
April 25, 2015 - 5:05am from MicroCapital
Safaricom, a Kenya-based telecommunications company, has partnered with South Africa-based telecommunications firm Vodacom to offer cross-border transactions via M-Pesa, a mobile money service developed by UK-based telecom company Vodafone, which is a majority shareholder in both Safaricom and Vodacom. Approximately 20 million M-Pesa customers in Kenya and seven million M-Pesa users in Tanzania will be able to send money to each other using the same processes they currently use to make ...
April 16, 2015 - 7:46pm from Google news - microfinance
Curb your microfinance addiction and still feel goodGlobalPost (blog)NEW YORK (Reuters) - I was lending money to a grocery store owner in ...
April 7, 2015 - 7:23pm from Microfinance a Working Solution to Global Poverty
Running along the eastern part of the African continent, the Rift Valley is a prominent geological feature. Originally thought to extend from Jordan to Mozambique, geologists now note that the full Rift Valley is comprised of several smaller Rifts – including what is now considered the East Africa Rift, extending from the Afar Depression in Ethiopia to Mozambique. Unlike traditional valleys created by rivers or other forms of erosion, Rift Valleys are created by shifts in the ...
April 7, 2015 - 1:33pm from CGAP Microfinance Blog
CGAP launched the Smallholder Households Financial Diaries (the “Smallholder Diaries”) in June 2014, and early insights have emerged. The Smallholder Diaries track the cash flows of 270 households in Mozambique, Tanzania, and Pakistan over one year of their lives.
March 11, 2015 - 3:00pm from Center for Financial Inclusion Blog
> Posted by Amitabh Brar and Paul DiLeo, Investment Manager and President, Grassroots Capital Management A rare, behind-the-scenes look Performance data on private equity funds is not easy to collect, and privately-held microfinance investment vehicles (MIVs) are no exception. Much less is known about the investment process within these MIVs, and how the three main elements of their ...
January 20, 2015 - 12:19pm from BRAC Blog
This post originally appeared on the blog of the World Justice Project. The World Justice Project is an institutional partner of the Namati Justice Prize along with BRAC and the UN Development Programme.
December 18, 2014 - 8:08pm from MicroCapital
In Romania, UK-based telecommunications firm Vodafone has been expanding M-Pesa, its mobile money service that was first launched in 2007 in Kenya, from the pilot stage to a complete rollout. The service enables Romanians to transfer money via their mobile devices, targeting the estimated 35 percent of Romanians that do not have traditional bank accounts. Jack Kent, an analyst for IHS Technology, a US-based research and consulting organization, argued that: “Romania is one of the ...
October 28, 2014 - 5:04am from MicroCapital
The Communications Authority (CA) of Kenya, the government body that regulates the communication industry in the country, and the Central Bank of Kenya (CBK), the country’s central banking authority, have given their approval to Equity Bank, a private Kenyan microfinance bank, to roll out a one-year pilot of its mobile money services using “Thin Sim technology” [1]. The technology consists of a film that is 0.1 millimeter thick layered over an existing phone SIM card, the card inside a ...
October 23, 2014 - 1:01am from MicroCapital
The Grameen Foundation, a US-based nonprofit organization; MicroEnsure, a UK-based, for-profit microinsurance company founded by US-based NGO Opportunity International; Penda Health, a Kenya-based, for-profit chain of medical centers; and Clifford Chance, a UK-based international law firm, recently announced that they have launched an initiative called the “Uzima Project” in Kenya with the aim of providing “low-cost“ health insurance. In addition to receiving financing and insurance, the ...
October 7, 2014 - 3:43pm from CGAP Microfinance Blog
Over a few scattered plots in rural Mozambique, Adriana Peres grows beans, cassava, peanuts and maize. Most of what she produces is consumed by her household, which includes her husband and their five children, her sister and her two boys, and her mother. Sometimes Adriana grows enough to sell, even with a family of 11, but not recently.1 Monkeys destroyed the maize last year, and birds damaged much of the rice. But she also sells a traditional alcoholic drink and makes a modest income from ...
September 30, 2014 - 5:48am from MicroCapital
The Canadian Minister of International Development, Christian Paradis, recently announced that the Canadian government will provide CAD 309 million (USD 279 million) to the African Development Fund (ADF), a fund that provides loans and grants to its 40 African member countries, to support the 13th replenishment of ADF’S budget funds. The donation is intended to support the African Development Bank (AfDB), the parent organization of ADF, in supporting development and poverty reduction ...
September 16, 2014 - 5:03am from MicroCapital
Safaricom, a telecommunications provider in Kenya, recently decreased the transaction fees that the firm charges for its “person-to-person” fund transfers via M-Pesa, a mobile money service developed by Vodafone, a British multinational telecommunications company. Safaricom customers sending funds in amount between KES 10 (USD 0.10) and KES 1,500 (USD 17) will be charged fees that are up to 67 percent lower than before. The company has also implemented a fixed 0.8 percent transaction fee ...
August 28, 2014 - 4:23am from MicroCapital
The World Bank Group (WBG), a group of five multilateral organizations that invest in developing countries, recently approved plans to disburse a total of USD 42 million to support the development of small and medium-sized enterprises (SMEs) and the hydropower and mining sectors of the Lao People’s Democratic Republic (Lao PDR). The International Development Association (IDA), the development agency of WBG that offers grants and interest-free credit to 82 of the world’s poorest ...
August 16, 2014 - 5:03am from MicroCapital
The International Development Association (IDA), the arm of the World Bank Group (WBG) that offers interest-free credits and grants to the world’s 82 poorest countries, is planning to disburse a grant of USD 22 million to support the “Tajikistan Agriculture Commercialization Project”[1] of the government of Tajikistan. This project will provide access to loans and grants to small farmers from the government as well as contributing to capacity building among farmers. With the help of the ...
August 14, 2014 - 11:21am from MicroCapital
The African Development Bank (AfDB), a multilateral finance institution based in Tunisia and gives loans and grants to governments and private companies in Africa, reportedly has raised NGN 12.95 billion (USD 80 million) by issuing a 7-year local-currency bond in the Nigerian market. The bank previously received approval from the Security Exchange Commission of Nigeria, the government agency mandated to regulate the Nigerian capital market, to issue medium-term notes worth NGN 160 billion ...
August 12, 2014 - 5:03am from MicroCapital
Vodacom South Africa, which is controlled by UK-based Vodafone Group, reportedly has relaunched its M-Pesa mobile payment system in the country. Originally created and marketed by Vodacom in 2007 in Kenya, M-Pesa was made available in South Africa in 2010, but was suspended earlier in 2014 due to a lack of customer interest. The relaunched system is based on a “voucher system for topping up a mobile wallet” and allows customers to withdraw funds without using a card at automated teller ...
July 25, 2014 - 3:10pm from MicroCapital
Gemalto, a publicly traded digital security firm located in the Netherlands, reportedly has announced its support of the Pan-African Mobile Health Initiative (PAMI), which uses mobile phones to address issues in nutrition and maternal and child health in seven African countries. The PAMI initiative is run by the UK-Based GSM Association, a group of 800 mobile operators and 250 other companies worldwide that promotes the Global System for Mobile communications (GSM), formerly known as ...
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 ...