The multilateral African Development Bank (AfDB) and the UN’s International Fund for Agricultural Development (IFAD) recently announced an initiative to scale up food production in Africa. The program
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MICROFINANCE EVENT: SOCAP23; October 23-25, 2023; San Francisco, California, USA
This event will focus on increasing the reach of “investable and profitable businesses” that contribute to solving global issues. Through February 17, those who operate such entities
MICROFINANCE EVENT: FinovateSpring; May 23-25, 2023; San Francisco, California, USA
This event focuses on financial technology (fintech), with 60 demos on the agenda as well as sessions such as: (1) Why Reimagining
MICROFINANCE EVENT: Arab Savings & Financial Literacy Conference; October 9-11, 2023; Cairo, Egypt – NEW DATES
This event, which originally was set to begin on May 7, 2023, will focus on the importance of financial literacy and long-term savings in improving household financial stability. It offers in-person and remote access to sessions such as: (1) Reconciling the
MICROCAPITAL BRIEF: B2B Fintech Clowd9 Chooses Netcetera for Payments Security
Clowd9, a UK-based payment processing platform, recently hired the Switzerland-based software company Netcetera to augment its digital payment security. Clowd9 connects
MICROCAPITAL BRIEF: Fintech Robos, General Arab Insurance Federation (GAIF) Partner on Events Promoting Financial Literacy, Savings, Social Insurance, Pensions
The Egypt-based General Arab Insurance Federation (GAIF) recently agreed to support Bahrain-based Fintech Robos in its production of the following annual events: (1) Arab Savings & Financial Literacy Conference; (2) the Arab Pension & Social Insurance Conference; and (3) the Arab Actuarial Conference. Fintech Robos CEO Ebrahim K Ebrahim noted that one of the goals of the partnership is
MICROCAPITAL BRIEF: SentBe Launches Remittances from US to 50 Countries
The South Korean money-transfer service SentBe recently announced the official launch of its service allowing individuals to send remittances from the US to Australia, Canada, Nigeria, member nations of the EU and 24 additional countries in Eurasia. The firm also serves individuals sending payments from
MICROFINANCE EVENT: Livelihoods India Summit; January 19-20, 2023; New Delhi, India
The 13th edition of this event will address how to increase the resilience of low-income people’s livelihoods. The sessions are to cover topics such as: (1) inclusive value chains; (2) the impact of climate change on livelihoods; (3) methods for
MICROFINANCE EVENT: Sustainability Week; March 29-31, 2023; London, United Kingdom
This eighth annual Sustainability Week is intended to help businesses, policymakers, investors and NGOs achieve their sustainability goals more quickly. The event offers
MICROFINANCE EVENT: Future of Fintech; June 14-15, 2023; Riyadh, Saudi Arabia; NEW DATES
Originally scheduled to take place starting March 1, this event will focus on “disruptive ideas from across the fintech ecosystem.” The two-day event offers online and in-person sessions including: (1) Evaluating Saudi Arabia’s FinTech [Financial Technology] Venture Activity – Key Drivers and Factors; (2) Offering Financial Flexibility to
MICROFINANCE EVENT: Islamic Finance & Banking Summit; September 27-28, 2023; Dubai, UAE – NEW DATES
Originally scheduled to take place beginning February 27 in Saudi Arabia (and then May 31 in UAE), this two-day event is organized with the goal of developing strategies for elevating the Islamic finance industry. The agenda offers sessions – in-person and on-line – such as: (1) Economic Growth, FDI [Foreign Direct Investment] & Islamic Banking Developments; (2) Leveraging
MICROCAPITAL BRIEF: CCAF-World Bank Study Finds Regulators in Africa Tops for Increasing Focus on Fintech, Cybersecurity Main Concern Worldwide
A recent survey of 128 financial regulators and supervisors worldwide found that just over half of respondents in low- and middle-income countries have been increasing their focus on financial technology (fintech) firms. The figure is about one out of three in
MICROCAPITAL BRIEF: DFC to Support Mastercard Community Pass Program to Expand Access to Digital Services in Africa, India
The International Development Finance Corporation (DFC), which is backed by the US government, recently agreed to collaborate with the US-based financial technology firm Mastercard to strengthen Mastercard’s Community Pass program. Community Pass supports digital connectivity, smartphone penetration and identification systems in rural parts of India, Kenya, Mauritania, Mozambique, Tanzania and Uganda. DFC has agreed to invest up to USD 50 million in
MICROCAPITAL BRIEF: MICT Buys Tingo, Expands Agritech to Ghana & Malawi, Connecting More Farmers with International Markets
MICT, a US-based, publicly traded provider of financial and technology services in Eurasia and the US, recently closed its purchase of Tingo, a US-based provider of technology services to farmers in Africa. Meanwhile, Tingo has expanded its operations into Ghana and Malawi. The firm’s services include access to pricing and markets – domestic and international – as well as an escrow
MICROCAPITAL BRIEF: Woman-owned Fintech Owoafara Accepts Equity Investment from ShEquity to Expand Financial Inclusion via Apps, Payment Cards in Nigeria
Owoafara, a woman-owned financial inclusion firm in Nigeria, recently sold an equity stake of undisclosed size and price to ShEquity, a Mauritius-based investor in African firms owned and led by women. Owoafara’s services include payment cards, a general-purpose financial services app Fara and a peer-to-peer lending app Rouzo. Fara facilitates savings, payment, lending, insurance and pension services.
Owoafara CEO Tale Alimi noted the firm’s plans to expand in West Africa, adding, “Eighty percent of our current loan book are to
MICROCAPITAL BRIEF: Agritech SuperZop Nets $2.7m in Equity from Incofin India Progress Fund to Connect More Farmers, Retailers
Incofin Investment Management of Belgium recently invested USD 2.7 million to purchase a stake of undisclosed size in SuperZop, a technology firm that helps farmers and mills sell their whole grain, flour and other staples to restaurants and shops in India. SuperZop also packages food under its Khetika brand and provides
MICROFINANCE EVENT: FinovateEurope; March 14-15, 2023; London, UK
This event will focus on financial technology (fintech) that can help financial services providers and their clients to prosper. In addition to 35 product demos, the agenda includes
MICROFINANCE EVENT: RegTech Africa Conference; May 24-26, 2023; Lagos, Nigeria
Themed “Elevating National Policy on Financial Inclusion, Consumer Protection and Cybersecurity,” this event will facilitate