LeapFrog Investments, a private equity fund based in Mauritius, has purchased a 25-percent stake in Petra Trust, a Ghanaian pension-trustee company.
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MICROCAPITAL BRIEF: Prudential Purchases Controlling Stake in Ghana’s Express Life Insurance From LeapFrog Investments
UK-based life insurance firm Prudential plc has purchased a majority stake in Ghanaian microinsurance provider Express Life Insurance Company from LeapFrog Investments, a private equity fund based in Mauritius.
MICROCAPITAL BRIEF: MicroEnsure, Telenor Pakistan, Jubilee Life Insurance Company to Offer Free Life Insurance to Prepaid Mobile Customers in Pakistan
The Pakistani arm of MicroEnsure, a UK-based microinsurance intermediary, has announced the launch of “Talkshawk Mohafiz Zindagi Beema,” a free mobile life insurance service, in collaboration with Telenor Pakistan, a unit of Norway’s Telenor Group. The insurance will be provided by Jubilee Life Insurance Company Limited, a Pakistani insurance provider [1].
MICROCAPITAL BRIEF: Goodwell West Africa Invests Equity in Mainstreet Microfinance Bank of Nigeria
Goodwell West Africa, a private equity fund managed by Netherlands-based social investment company Goodwell Investments and Nigeria-based investment management and advisory firm Alitheia Capital, has announced that it will be making an equity investment of an unspecified amount in Mainstreet Microfinance Bank (MFB), a microfinance institution in Nigeria [1].
MICROCAPITAL BRIEF: Airtel Kenya, MicroEnsure, Pan Africa Life Announce Launch of Mobile Life Insurance in Kenya
MicroEnsure, a UK-based microinsurance intermediary, has announced a new partnership with Airtel Kenya, a subsidiary of Indian mobile phone company Airtel, and Pan Africa Life, a Kenyan life insurance company, to launch a mobile life insurance product in Kenya [1].
MICROCAPITAL BRIEF: 9th Annual Clinton Global Initiative (CGI) Participants Commit to Advancing 15,000 Women-owned Businesses by 2018
The 2013 Clinton Global Initiative (CGI), an annual meeting that brings together global leaders in an effort to address international problems, was held September 23-26 and focused on ways that CGI members can mobilize people to action to solve world problems [1].
MICROCAPITAL BRIEF: LeapFrog Raises $204m for Second Fund; to Invest in Microinsurance, Other Financial Services for Poor People in Africa, Asia
LeapFrog Investments, a Mauritius-based investor in financial services for poor people in emerging markets, has raised USD 204 million for its second equity fund.
MICROFINANCE PAPER WRAP-UP: “From Blueprint to Scale: The Case for Philanthropy in Impact Investing;” by Harvey Koh, Ashish Karamchandani and Robert Katz; Published by Monitor Group and Acumen Fund
By Harvey Koh, Ashish Karamchandani and Robert Katz; published by Monitor Group and the Acumen Fund; April 2012; 68 pages; available at: http://www.mim.monitor.com/downloads/Blueprint_To_Scale/From%20Blueprint%20to%20Scale%20-%20Case%20for%20Philanthropy%20in%20Impact%20Investing_Full%20report.pdf
MICROCAPITAL BRIEF: Government of Malawi Joins Better Than Cash Alliance (BTC) as Part of Move to Adopt Electronic Payments
The Government of Malawi recently joined the Better Than Cash Alliance (BTC), a US-based nonprofit, to transition Malawi from cash to electronic payments.
MICROCAPITAL BRIEF: Caterpillar Foundation Donates $19m to Opportunity International to Reach 17m People in Africa, Asia and Latin America
Opportunity International, a US-based nonprofit organization that provides financial services to poor people in 24 countries, recently announced that Caterpillar Foundation, the philanthropic arm of US-based equipment manufacturer Caterpillar Inc., has granted Opportunity two multi-year donations totaling USD 19.2 million [1].
MICROCAPITAL BRIEF: Nine Indian Impact Investment Companies Forming “Indian Impact Investor Council”
Nine companies that specialize in impact investment reportedly will be establishing the “Indian Impact Investor Council” (IIIC) to establish guidelines helping investment companies in India regulate their efforts to meet social goals.
MICROCAPITAL BRIEF: Telenor, Societe Generale to Purchase Serbian Unit of KBC Banka
Telenor Group, a telecommunications company based in Norway, and Societe Generale, a France-based financial institution, have agreed to purchase KBC Banka, the Serbian unit of KBC Group, a Belgium-based financial institution, for an undisclosed price.
MICROCAPITAL BRIEF: LeapFrog, Kinnevik Invest $7m in Mobile Microinsurance Provider Bima
LeapFrog Investments, a Mauritius-based investor in insurance providers operating in emerging markets, recently announced plans to invest USD 4.3 million to take a stake of undisclosed size in Bima, a Sweden-based mobile microinsurance provider that operates in emerging markets in Africa and Asia.
MICROFINANCE EVENT: Extreme Inclusion: Development, Dignity, and Financial Services, May 2, 2013, Medford, Massachusetts, US
Event Name: Extreme Inclusion: Development, Dignity, and Financial Services
Event Date: May 2, 2013
Event Location: The Fletcher School at Tufts University, Medford, Massachusetts, US
MICROCAPITAL BRIEF: Opportunity International, MicroEnsure Launch Savings-Linked Education Insurance Program, EduSave, in Malawi
Opportunity International, a US-based development nonprofit, and its subsidiary MicroEnsure, a UK-based nonprofit microinsurance intermediary, have announced the launch in Malawi of a savings-linked education insurance product called EduSave.
MICROCAPITAL BRIEF: MicroEnsure to Retail “Triple 10” Microinsurance in the Philippines
MicroEnsure, a UK-based nonprofit microinsurance intermediary, has partnered with Bankers Assurance Corporation, a Filipino for-profit insurance company, and MI Central Corporation, a Filipino marketing and distribution company, to roll out a retail microinsurance product called Triple 10 in the Philippines.
MICROCAPITAL BRIEF: Social Performance Task Force (SPTF) Calls for Survey Submissions by April 5, 2013
The Social Performance Task Force (SPTF), a working group initiated in 2005 by a group of NGOs based in the US and Switzerland, is calling for microfinance industry professionals to fill out an online survey intended to identify what social performance management practices are being implemented throughout the microfinance industry, what challenges exist in implementing these policies and what additional resources institutions need to achieve their social performance goals more effectively.
MICROFINANCE EVENT: Clinton Global Initiative University (CGI U) to Host 6th Annual Meeting, April 5-7, 2013, St. Louis, Missouri, US
Event Name: Clinton Global Initiative University (CGI U) 6th Annual Meeting
Event Date: April 5-7, 2013
Event Location: Washington University, St. Louis, Missouri, US