Mozambique Market Profile

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 ...
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 ...