Access Bank Ghana, an affiliate of Nigeria’s Access Bank Plc, recently partnered with the Netherlands Development Finance Company, a government-backed institution also known by its Dutch acronym FMO, to launch a Female Leadership Programme for entrepreneurs in Ghana.
Search Results for: Ghana
MICROFINANCE PUBLICATION ROUND-UP: Financial Literacy, Gender Disparity in the Solomon Islands; Savings Groups’ Impact in Ghana, Malawi, Uganda; Financial Inclusion Survey in Vanuatu
“Case Study: SolTuna – Tuna Processing, Solomon Islands;” published by the International Finance Corporation; September 2016; 20 pages; available at:
http://www.ifc.org/wps/wcm/connect/d4561543-cc39-4a9d-9963-26eb5ab4169c/soltuna_updated_May2017.pdf?MOD=AJPERES
This case study investigates the connections between financial literacy and the reduction of absenteeism and other problems at SolTuna, a tuna processing plant in the Solomon Islands.
MICROFINANCE EVENT: The Mastercard Foundation Symposium on Financial Inclusion, $150k “Clients at the Centre” Prize; November 8-9, 2017; Accra, Ghana
Event Name: The Mastercard Foundation Symposium on Financial Inclusion
Event Date: November 8 – November 9, 2017
Event Location: Accra, Ghana
Cost: This event is open by invitation only
Summary of Event: The symposium will focus on increasing the knowledge of financial service providers regarding the financial lives of poor people in an effort to enable the providers to design and deliver products that are more closely aligned with people’s needs.
MICROCAPITAL BRIEF: AgroCenta of Ghana Wins $20k Fincluders Startup Challenge for Online Agricultural Marketplace
Ghana-based AgroCenta recently won USD 20,000 in the Fincluders Startup Challenge, which was created to support new companies seeking to increase financial inclusion.
MICROCAPITAL BRIEF: Fidelity Bank Ghana Borrows $54m for SME Lending from FMO, BIO, Symbiotics, Oikocredit, Incofin
Two government-backed entities, the Netherlands’ Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO) and the Belgian Investment Company for Developing Countries (BIO), recently announced they are leading a senior loan package of USD 54 million to be onlent by Fidelity Bank Ghana to small and medium-sized enterprises (SMEs). The loan comprises USD 25 million from FMO
MICROCAPITAL BRIEF: Bank of Ghana Introduces Logo for Licensed Microfinance Institutions, New Monitoring Requirements
The Bank of Ghana (BoG), the financial regulator of the country, is introducing a logo that microfinance institutions (MFIs) can display to help consumers “distinguish between credible, licensed microfinance institutions and unlicensed ones.” BoG also is requiring MFIs to monitor
MICROCAPITAL BRIEF: Arise – Founded by Norfund, FMO, Rabobank to Invest in African Financial Services Providers – Buys 28% Equity Stake in Ghana’s CAL Bank from DPI
Arise, an investment company recently launched in South Africa by three European institutions, has paid an undisclosed price to acquire 27.7 percent of the shares of CAL Bank, a publicly traded financial institution in Ghana. Arise bought the stake from
MICROCAPITAL BRIEF: Solar Financier PEG Africa Offers Customers in Ghana Free Hospitalization Insurance via Bima
PEG Africa, which offers “rent-to-own” financing for solar products in Cote d’Ivoire and Ghana, recently arranged to offer select customers no-cost insurance cover via Bima, a microinsurance service of Sweden’s Milvik. The rollout across Ghana follows a pilot project that served 2,000 families. PEG will enroll customers that meet certain criteria relating to loyalty and timeliness of repayment. The insurnace will pay out for
MICROCAPITAL BRIEF: Jumo Sells Microenterprise, Consumer Lender afb Ghana to Letshego
Letshego Holding Limited, which is based in Botswana and offers deposit and lending services in 10 African countries, recently paid an undisclosed price to Jumo World Limited, a financial technology firm registered in Mauritius, for all of the shares of afb Ghana, which has 60,000 customers and total assets of GHS 97 million (USD 23 million) as of December 2016. Both afb and Letshego lend for
MICROCAPITAL BRIEF: Invest in Visions Lends $2m to Beige Capital Savings and Loans of Ghana
Germany’s Invest in Visions Mikrofinanzfonds, a fund advised by Belgium’s Incofin, recently agreed to loan up to USD 5 million to Beige Capital Savings and Loans, a unit of Ghana’s Beige Group, which offers banking, pension, insurance and investment services. Among Beige Capital’s goals is to “be the [small and medium-sized enterprise] bank of choice across Ghana.”
As part of the process of considering
MICROCAPITAL BRIEF: ACDI/VOCA Registers “Impact” Investment Management Subsidiary AV Ventures and AV Ventures Ghana Fund
Agricultural Cooperative Development International/Volunteers in Overseas Cooperative Assistance (ACDI/VOCA), a US-based nonprofit that implements “sustainable international development” projects related to supporting entrepreneurs in developing nations, recently registered a new subsidiary, AV Ventures LLC, which is designed to build “impact” funds that invest in agricultural small and medium-sized enterprises (SMEs) in an effort to promote “more inclusive, responsible supply chains.”
MICROCAPITAL BRIEF: Goodwell Disburses Convertible Loan to “Innovative Microfinance Limited” for Expansion in Rural Ghana
Through its Goodwell Microfinance Development Company (MDC) III Fund, Goodwell Investments recently issued a convertible loan of undisclosed amount to Ghanaian microfinance institution (MFI) Innovative Microfinance Limited (IML), which provides credit, savings products, financial education, business development training and environmental advisory services to low-income individuals and microenterprises.
MICROCAPITAL BRIEF: Dual Return Funds Managed by C-Quadrat Loan $17m to Microfinance Institutions (MFIs) in Costa Rica, Ghana, India, Kenya, Mexico, Peru, the Philippines
Austria-based C-Quadrat Asset Management recently issued loans worth the equivalent of USD 17 million to unspecified microfinance institutions (MFIs) in Costa Rica, Ghana, India, Kenya, Mexico, Peru and the Philippines.
MICROCAPITAL BRIEF: Bank of Ghana to Link Mobile Money Platforms
Johnson Asiama, the Deputy Governor of the Bank of Ghana (BoG), recently announced that BoG is implementing a new infrastructure that would allow users of different mobile money network providers to transfer money among the services.
MICROFINANCE EVENT: Financial Inclusion Advocacy Centre, GHAMFIN Present International Investors Conference for Microfinance Institutions in the West-African Sub-region, NEW DATES September 6 – 8, 2016, Accra, Ghana
Event Name: International Investors Conference for Microfinance Institutions in the West-African Sub-region
Event Dates: September 6 – September 8, 2016 – NEW DATES
Event Location: Accra, Ghana
MICROCAPITAL BRIEF: Ghana Association of Microfinance Companies (GAMC) Launches Capacity Improvement Project
The 661-member Ghana Association of Microfinance Companies (GAMC) recently announced the launch of its Microfinance Companies Capacity Improvement Project (MICCIP).
MICROCAPITAL BRIEF: LeapFrog Investments Acquires Ghana’s UT Life Insurance
Leapfrog Investments, a Mauritius-based private equity fund that invests in companies that serve people in Africa and Asia who earn low incomes, recently acquired a majority stake in UT Life Insurance, a Ghana-based insurance company, for an undisclosed price.
MICROFINANCE EVENT: 6th Annual Africa Banking and Finance Conference, May 31 – June 2, 2016, Accra, Ghana NEW DATES
Event Name: 6th Annual Microfinance Africa Banking and Finance Conference
Event Dates: May 31 – June 2, 2016 NEW DATES
Event Location: Accra, Ghana