Countries & RegionsMicrofinance in Zimbabwe:
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May 23, 2012 - 3:31pm
from Mobile Money Africa
TAWANDA MUSARURWA THE HERALD LOCAL firm Smart Payment Solutions (Pvt) Ltd has unveiled the country’s first universal electronic payment system (UEPS), expected to provide impetus for the establishment of a cashless transactions market. Zimbabwe presently lacks a truly mobile banking platform, as most local financial institutions and mobile telecommunications providers only offer mobile money transfer
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May 18, 2012 - 3:50pm
from Acumen Fund Blog
Editor’s Note: This blog was originally posted on Tamsin Chislett’s blog on Thursday, May 18.
Acumen Fund’s East Africa Fellows visited some of our organic cotton farmers yesterday. It took a while to get to the village, not least because a truck driver had broken down on a narrow road ahead of us, locked up ...
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May 13, 2012 - 2:08pm
from Microfinance Nigeria
By Tafirenyika Makunike, New Zimbabwe
WHEN I was in Zimbabwe recently, I could not help but notice a resurgence of activity in the microfinance sector which had largely gone aground during the past hyperinflation days.
I spoke to four or five microfinance entrepreneurs and most of them peg their interest rates for the investors in the region around 10 percent per month. You immediately shudder to think what borrowers in this sector are expected to ...
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May 13, 2012 - 2:00pm
from Microfinance Africa
By Tafirenyika Makunike, New Zimbabwe
WHEN I was in Zimbabwe recently, I could not help but notice a resurgence of activity in the microfinance sector which had largely gone aground during the past hyperinflation days.
I spoke to four or five microfinance entrepreneurs and most of ...
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May 12, 2012 - 4:58pm
from Google news - microfinance
New Zimbabwe.comDebt the new drug in ZimbabweNew ...
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May 4, 2012 - 11:45am
from Global development: Poverty matters blog | guardian.co.uk
It is 12 years since President Robert Mugabe responded to divisions in his party and the rise of an opposition by launching a "fast-track" resettlement programme in which 4,500 white commercial farmers were thrown off the land and replaced by 150,000 black families.It feels as though it is almost as long since Britain took a close look at ...
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May 2, 2012 - 12:39pm
from Mobile Money Africa
By Kingstone Ndabatei The zimbabwean About three quarters of Zimbabweans now have access to mobile telecommunications services, with Econet Wireless Zimbabwe claiming 70% of the market share, a senior executive has said. In a statement accompanying the company’s financial results for the year ended February 2012, the chairman, Tawanda Nyambirai, said the company now boasted
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April 25, 2012 - 6:22pm
from Innovations for Poverty Action Blog
Today's NYTimes draws attention to how Zimbabweans are spending so much time waiting around for change -- not change of the political nature this time, the NYTimes notes, but change--small money--for any simple purchase. From bus rides, small purchases of fruit or vegetables, or even a weekly ...
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April 24, 2012 - 6:00am
from Global development: Poverty matters blog | guardian.co.uk
In the old kitchen at Dunstan farm, desks have been pushed up against the cream-coloured Aga. Children are having a maths lesson. The dining room where black staff served three generations of the Cullinan family is also a classroom. The children have dumped their schoolbags in the grand fireplace before ...
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April 19, 2012 - 3:45pm
from GiveWell Blog
Since GiveWell recommended the Schistosomiasis Control Initiative (SCI) in November 2011, SCI has received about $1.4 million in unrestricted funds ($500,000 of which we directly attribute to GiveWell’s recommendation), of which $1.1 million remains to be spent. We have spoken with and met with SCI to discuss its plans for using these funds.
Funds spent to date
SCI has made grants of $100,000 and $80,000 to Yemen and Senegal respectively for deworming ...
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April 18, 2012 - 11:22am
from Mobile Money Africa
L.S.M Kabweza TechZim Since the adoption of the mixed hard currencies monetary regime in Zimbabwe at the end of 2009, the one problem that has refused to go away is that of change. Retailers just don’t have enough change to give shoppers. It’s the same situation with commuter bus operators, street vendors and just about
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April 18, 2012 - 11:17am
from Mobile Money Africa
L.S.M Kabweza TechZim Zimbabwe has over the years become a predominantly cash society while mobile communication continues to grow and be pivotal to most consumers in the informal sector. We recognise the inherent burdens airtime pre-payment inflicts on consumers. These were the words of the founder of Lendme.co.zw, Michael Charangwa, when we chatted with him
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April 9, 2012 - 12:56pm
from Google news - microfinance
MICROCAPITAL BRIEF: BancABC Zimbabwe to Launch Microfinance ABC Holdings Plans ...MicroCapitalA subsidiary of ABC Holdings, which offers microfinance lending in Zambia and consumer lending in Botswana ...
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March 29, 2012 - 4:35pm
from Microfinance Nigeria
By Victoria Mtomba, NewsDay
ABC Holdings subsidiary BancABC Zimbabwe plans to venture into the microfinance business in the next few months, group chief executive officer Doug Munatsi has said.
Munatsi said the bank received the nod from the central bank last week.
“We got the Reserve Bank of Zimbabwe approval for the microfinance segment last week,” he said.
“We hope we will be able to launch it in the next few months. We will be in partnership ...
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March 29, 2012 - 3:31pm
from Microfinance Africa
By Victoria Mtomba, NewsDay
ABC Holdings subsidiary BancABC Zimbabwe plans to venture into the microfinance business in the next few months, group chief executive officer Doug Munatsi has said.
Munatsi said the bank received the nod from ...
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March 29, 2012 - 12:20pm
from Microfinance Nigeria
By Clive Msipha, Newsday
Microfinance institutions are providers of financial services to middle and lower income sections of the market. They provide services targeted at microenterprises and small-to medium enterprises (MSMEs).
Microfinance institutions (MFIs) typically have a double bottom line objective of delivering profits and having a marked developmental impact.
By providing credit to sections of the market that other market players are not ...
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March 29, 2012 - 12:15pm
from Microfinance Africa
By Clive Msipha, Newsday
Microfinance institutions are providers of financial services to middle and lower income sections of the market. They provide services targeted at microenterprises and small-to medium enterprises (MSMEs).
Microfinance institutions (MFIs) typically have a ...
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March 29, 2012 - 5:43am
from Microfinance Gateway News & Opinion
Zimbabwe: “BancABC sets sight on microfinance”
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March 28, 2012 - 12:55pm
from Microfinance Nigeria
By Duru Nnamdi, This Day Live
The International Labour Organisation (ILO)’s Micro-insurance Innovation Facility has put the number of low income earners covered by various forms of micro-insurance products at 500 million.
It made this confirmation in its 2011 annual report that was released to the public recently.
The organisation observed that micro-insurance has expanded dramatically over the years, providing cover for 78 million low-income in the ...
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March 12, 2012 - 11:58am
from Mobile Money Africa
L.S.M Kabweza TechZim Econet Wireless, Zimbabwe’s largest telecoms firm, announced today that it has surpassed the 1 million mark in ‘connected’ users for its EcoCash mobile money service. The milestone, the company says in the announcement (a thank you to its subscribers), “has been achieved in record time and is the fastest growth of such
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