Thinking the Future of Banking for Developing Countries RSS 2.0.
# Friday, March 02, 2012
The conventional path to economic development is through the use of fossil fuels and the associated negative environmental impact. One alternative to encourage actual sustainable development is green microfinance, using small loans for environmentally beneficial or neutral business enterprises. Unlike traditional micro loans, conditions or incentives placed are placed on the loan condition to encourage the sustainable use of resources.
Friday, March 02, 2012 8:38:26 PM (GMT Standard Time, UTC+00:00)  #    Comments [1] -
Asia | Ecology | Micro Payment | Microfinance | Microfinance Solutions | NGOs | Nigeria | Poor | Service Platform | Strategy | Sustainable | Technology
# Thursday, September 22, 2011
Operators of Microfinance Banks (MFBs) appeared unimpressed with the revised supervisory and regulatory framework for micro-finance banks (MFBs) approved by the Central Bank of Nigeria (CBN) last week.
Thursday, September 22, 2011 9:25:10 PM (GMT Standard Time, UTC+00:00)  #    Comments [2] -
Africa | African Development Bank | Central Bank | In the News | Innovation | Micro Credit | Microfinance | Microfinance Solutions | Nigeria | Organisation | Strategy | Sustainable
# Tuesday, August 16, 2011

Competition among financial institutions is intensifying in Africa as more governments relax barriers to entry and open their countries' banking sectors to new players. The flurry of fresh entrants in some countries is credited with helping to drive down banking charges, improve access to banking services and spark off a wave of new products and services.
Tuesday, August 16, 2011 7:13:14 PM (GMT Standard Time, UTC+00:00)  #    Comments [1] -
Africa | African Development Bank | Banking | Central Bank | Credit | Ethical Bank | In the News | Kenya | Microfinance | Microfinance Solutions | Nigeria | Opinions | Rural | Security | Service Platform | Sustainable
# Friday, March 11, 2011
Operators of Microfinance Banks (MFBs) in Lagos state have concluded arrangement to establish a trust fund aimed at protecting them from liquidity shocks as well as to also help manage their liquidity position. The Chairman, National Association of Microfinance Banks (NAMB), Lagos State Chapter, Mr. Olufemi Babajide, disclosed this.
Friday, March 11, 2011 5:32:29 PM (GMT Standard Time, UTC+00:00)  #    Comments [0] -
Africa | Credit | Foundation | In the News | Microfinance | Microfinance Solutions | Nigeria | Organisation | Strategy | Sustainable
# Wednesday, March 02, 2011
Joke Orelope-Adefulire, the Lagos State Commissioner for Women Affairs and Poverty Alleviation, has urged microfinance banks to serve the active poor diligently. Mrs Orelope-Adefulire urged the National Association of Microfinance Banks to come up with programmes that could change the lives of the poor, and advised it to set up a taskforce that would check activities of fraudsters in their midst.
Wednesday, March 02, 2011 4:59:29 PM (GMT Standard Time, UTC+00:00)  #    Comments [0] -
Africa | Central Bank | Microfinance | Microfinance Solutions | Nigeria | Poor | Strategy | Sustainable | Women
# Tuesday, January 18, 2011

With the first official purging of the microfinance sector in 2010, four years after the introduction of the microfinance policy in Nigeria, depositors of the closed banks can now heave sighs of relief as the Nigeria Deposit Insurance Corporation (NDIC) has concluded payment of the first batch of depositors.
Tuesday, January 18, 2011 8:29:13 PM (GMT Standard Time, UTC+00:00)  #    Comments [2] -
Africa | Central Bank | Customer | Education | Employment | Financial Crisis | Microfinance | Microfinance Solutions | Nigeria | Organisation | Service Platform | Strategy | Sustainable | World
# Thursday, January 06, 2011

Nigeria is frequently cited as one of the most corrupt countries in the world, but its central banker has won two international banking awards. Mallam Lamido Aminu Sanusi has been named as the Central Bank Governor of 2010 for both the African continent and the entire world, by the prestigious Banker Magazine.
Thursday, January 06, 2011 7:21:56 PM (GMT Standard Time, UTC+00:00)  #    Comments [0] -
Africa | African Development Bank | Banking | Book | Central Bank | Credit | Enterpreneurs | Ethical Bank | In the News | Innovation | Nigeria | Organisation | Strategy | University | World
# Monday, December 13, 2010

The Nigeria Deposit Insurance Corporation , NDIC, has commenced the compilation of the list of Managing Directors and top management staff of the failed microfinance banks whose licences were recently withdrawn by the Central Bank of Nigeria, CBN, with a view to prosecuting them.
Monday, December 13, 2010 8:19:48 PM (GMT Standard Time, UTC+00:00)  #    Comments [0] -
Africa | African Development Bank | Central Bank | Financial Crisis | In the News | Microfinance | Microfinance Solutions | Nigeria | Strategy | Sustainable
# Monday, November 08, 2010
WAM began in 2003 after women professionals in the microfinance industry, most of them based in Washington, DC, began meeting, at first informally in each others' homes. This growing group of WAM Founders came together to discuss areas of common concern, to decide if a more formal organization made sense, to explore what such an organization might do to support women who work in the microfinance industry and, ultimately, to support the development of the industry itself. After several months of planning and program design, WAM was formally launched in October 2003. Membership has grown steadily since.
Monday, November 08, 2010 9:21:32 PM (GMT Standard Time, UTC+00:00)  #    Comments [0] -
Africa | Arab World | Asia | Donor | Eastern Europe | Enterpreneurs | Ethical Bank | Europe | India | Kenya | Microfinance | Microfinance Solutions | Nigeria | Organisation | USA | Women | World
# Sunday, November 07, 2010

Claudia McKay and Mark Pickens from CGAP have pulled together a comprehensive global pricing study on banking services targeting poor, unbanked and underbanked people in Africa, Asia and Brazil. The study examines pricing for services targeting unbanked and underbanked poor people in 10 countries. The conclusion: mobile banking and other forms of branchless banking are cheaper than traditional banking, but the gap between the two may not be as wide as some may think.
Sunday, November 07, 2010 8:53:33 AM (GMT Standard Time, UTC+00:00)  #    Comments [0] -
Africa | Arab World | Asia | CGAP | Donor | Enterpreneurs | Foundation | Gates Foundation | IMF & World bank | Innovation | Internet | Internet Banking | Micro Credit | Micro Payment | Microfinance | Microfinance Solutions | Mobile | Nigeria | Payment Systems | Service Platform | Technology | UNDP | World
# Tuesday, November 02, 2010

Probanx Information Systems specializes in development of software for the financial institutions, offering multi-currency and multi-lingual banking systems with a large variety of modules, based on the latest technologies. We install and support turn-key international Banking Software and Microfinance Software solutions for retail banks, commercial banks, Internet banks and microfinance banks.
Tuesday, November 02, 2010 10:56:44 PM (GMT Standard Time, UTC+00:00)  #    Comments [0] -
Africa | Arab World | Asia | Australia | Banking | Banking Software | Banking Solutions | Biometric | CGAP | Core Banking | Cyprus | Eastern Europe | EBRD | Education | Employment | Enterpreneurs | Ethical Bank | Eurasia | Europe | Foundation | Georgia | In the News | India | Innovation | Internet | Islamic Banking | Kenya | Lao PDR | Micro Credit | Micro Payment | Microfinance | Microfinance Software | Microfinance Solutions | Mobile | Nigeria | Pacific Region | Panama | Risk Management | Rural | SACCO | Service Platform | Software | South America | Sustainable | Sweden | Technology | USA | World
# Sunday, October 31, 2010
Microfinance programs geared toward African women can actually help heal victims of rape the same way that psychological counseling does – by restoring self-respect.
Sunday, October 31, 2010 5:30:12 PM (GMT Standard Time, UTC+00:00)  #    Comments [0] -
Africa | Book | Donor | Health | Nigeria | Opinions | Sustainable | Volumteers
# Saturday, October 30, 2010
After several years of very high profile attention on mobile money and other branchless banking schemes, we think it’s time to test the hype. Or more accurately, we’ve wanted to for awhile. But acquiring good data is really, really hard. We’ve been unable to say in anything but a fragmented, mostly anecdotal way whether the unbanked really use branchless banking, what they use it for, if it saves them any money, and what more they might want (but aren’t getting yet). Just because we are excited about branchless banking doesn’t mean it is living up to the promises we make on its behalf.
Saturday, October 30, 2010 5:23:23 PM (GMT Standard Time, UTC+00:00)  #    Comments [0] -
Africa | Asia | CGAP | Foundation | Microfinance | Microfinance Solutions | NGOs | Nigeria | South America | Strategy | Sustainable | World
# Thursday, October 28, 2010

The Norwegian Microfinance Initiative (NMI), a partnership between the Norwegian public and private sectors that provides assistance for microfinance institutions (MFIs) in developing countries, recently loaned KES 325 million (approximately USD 4.03 million) to Kenya Women Finance Trust – Deposit Taking Microfinance (KWFT- DTM), a microfinance institution based in Nairobi, Kenya, and UGX 1.25 billion (approximately USD 548,000) to the Uganda Finance Trust (UFT), an MFI in Kampala, Uganda, to support microenterprises.
Thursday, October 28, 2010 5:41:19 PM (GMT Standard Time, UTC+00:00)  #    Comments [0] -
Africa | Donor | Europe | Foundation | Kenya | Micro Credit | Microfinance | Microfinance Solutions | NGOs | Nigeria | Strategy | Sustainable | Women
# Friday, October 22, 2010
The apex bank yesterday said it had granted provisional approval for new licences to 121 out of the 224 microfinance institutions, whose licences were recently withdrawn.
Friday, October 22, 2010 2:47:55 PM (GMT Standard Time, UTC+00:00)  #    Comments [0] -
Africa | Central Bank | Microfinance | Microfinance Solutions | Nigeria
# Wednesday, October 20, 2010
Lyon created a system to bring formal financial services to microfinance institutions and poor entrepreneurs via a mobile phone. He believes the new software, to be launched by the organization he founded, FrontlineSMS:Credit, could change the world of microfinance by changing the way the poor interact with the institutions.
Wednesday, October 20, 2010 2:13:36 AM (GMT Standard Time, UTC+00:00)  #    Comments [0] -
Africa | Banking Software | Banking Solutions | Enterpreneurs | In the News | Innovation | Internet | Internet Banking | Micro Credit | Micro Payment | Microfinance | Microfinance Software | Microfinance Solutions | Nigeria | Payment Systems | Service Platform | Software | Technology | Video | World
# Tuesday, October 19, 2010
Rural Finance is about providing financial services for people living in rural areas. This Learning Centre aims to assist organisations in developing countries to build their capacity to deliver improved financial services which meet the needs of rural households and businesses.
Tuesday, October 19, 2010 8:33:45 AM (GMT Standard Time, UTC+00:00)  #    Comments [0] -
Africa | Asia | CGAP | Donor | Foundation | IMF & World bank | Inter-American Development Bank | Micro Credit | Microfinance | Microfinance Solutions | NGOs | Nigeria | Organisation | Rural | Strategy | Sustainable | USAID | World
# Tuesday, September 07, 2010
KfW Entwicklungsbank is helping improve internet access in Africa: the East Africa Submarine Cable System (EASSy) provides about 250 million people on the continent with international communication through telephone and internet.
Tuesday, September 07, 2010 8:10:25 PM (GMT Standard Time, UTC+00:00)  #    Comments [0] -
Africa | African Development Bank | Enterpreneurs | Europe | In the News | Innovation | Internet | Internet Banking | Kenya | Nigeria | Service Platform | Software | Strategy | Sustainable | Technology
# Saturday, September 04, 2010
The International Corporation (IFC), a member of the World Bank Group, has announced a record investment volume in Sub-Saharan Africa for its 2010 fiscal year, underscoring its commitment to the region's private sector development, especially to supporting growth in the lowest income countries and those affected by conflict including Liberia.
Saturday, September 04, 2010 7:03:13 PM (GMT Standard Time, UTC+00:00)  #    Comments [0] -
African Development Bank | Banking | France | IMF & World bank | In the News | Inter-American Development Bank | Microfinance Solutions | Nigeria | Organisation | Poor | Rural | Strategy | Sustainable
# Friday, September 03, 2010
According to a recent study by the United Nations Development Programme (UNDP), the development arm of the United Nations, a humanitarian organization promoting peace and better living standards, 21 percent of the Nigerian adult population – 18 million people – have access to financial services, with women and youth least likely to have access.Limitations of the Nigerian microfinance industry are attributed to lack of capacity, inadequate coordination, policy shortfalls and a lack of strategy regarding stakeholders’ roles and responsibilities.
Friday, September 03, 2010 6:57:26 PM (GMT Standard Time, UTC+00:00)  #    Comments [0] -
African Development Bank | CGAP | Enterpreneurs | IMF & World bank | Microfinance | Nigeria | Organisation | Strategy | Sustainable | UNDP | World | Central Bank
# Wednesday, September 01, 2010
Nigeria's microfinance sector has failed to make the expected impact on the economy due to misconception by the operators, but this will soon change.
Wednesday, September 01, 2010 6:42:15 PM (GMT Standard Time, UTC+00:00)  #    Comments [0] -
Africa | Banking | Central Bank | Financial Crisis | In the News | Microfinance | Nigeria | Organisation | Strategy | Sustainable
# Saturday, July 17, 2010
Mobile technology has the greatest chance of delivering financial services to Africa’s estimated 325 million low-income, un-banked people. Examples of African financial innovations abound and the results are being felt across the continent, where mobile phone penetration continues to skyrocket. Dianna Games writes about the success stories and the need for investors to think from the ground up.
Saturday, July 17, 2010 9:59:18 PM (GMT Standard Time, UTC+00:00)  #    Comments [0] -
Africa | Banking | Banking Software | Banking Solutions | Biometric | Core Banking | Education | Employment | Enterpreneurs | Innovation | Internet | Internet Banking | Microfinance | Microfinance Software | Microfinance Solutions | Mobile | Nigeria | SACCO | Service Platform | Sustainable | Technology
# Monday, July 12, 2010
Matthias Omeh, president, National Association of Microfinance Banks (NAMB), on Monday advised microfinance banks to partner with credit bureaux to ascertain the status of their customers.
Monday, July 12, 2010 9:44:03 PM (GMT Standard Time, UTC+00:00)  #    Comments [0] -
Banking | Banking Solutions | Central Bank | Credit | Education | Enterpreneurs | Ethical Bank | Financial Crisis | In the News | Innovation | Micro Credit | Microfinance | Microfinance Solutions | Nigeria | Opinions | Strategy | Sustainable
# Thursday, July 08, 2010
Central Bank authorities from eight developing countries (D-8) including Nigeria, Bangladesh, Egypt, Indonesia, Iran, Malaysia, Pakistan and Turkey yesterday agreed to foster collaboration among member countries for the purpose of monetary, fiscal stability and development of member nations.
Thursday, July 08, 2010 9:47:53 PM (GMT Standard Time, UTC+00:00)  #    Comments [0] -
Arab World | Banking | Central Bank | Donor | Financial Crisis | G20 | Nigeria | Organisation | Strategy | Sustainable | Turkey | World
# Tuesday, June 29, 2010
Nigerian micro-finance banks can now get as much as N1 billion loan to finance small scale businesses in the country through a new partnership between the Suisse Bank Plc of London,Smart Links Limited of Dubai and the African Capital and Business Support Limited. The loan being offered by the partnership is interest free for the first one year and subject to repayment in four years thereafter,the Vice Chairman of ACBS,Benjamin Aduli said yesterday in Abuja.
Tuesday, June 29, 2010 12:45:44 PM (GMT Standard Time, UTC+00:00)  #    Comments [0] -
Africa | Enterpreneurs | Europe | Nigeria
# Thursday, June 24, 2010
The micro-finance sector in Ghana and Nigeria has received a boost through a 40 million Euro fund, which was launched by Goodwell Investments of The Netherlands, Alitheia Capital of Nigeria and JCS Investments from Ghana.
Thursday, June 24, 2010 5:48:16 PM (GMT Standard Time, UTC+00:00)  #    Comments [0] -
Africa | Enterpreneurs | Europe | Microfinance | NGOs | Nigeria | Sustainable
# Monday, June 21, 2010
As part of efforts to bridge the gap between the banked and the unbanked population of Nigeria, eTranzact in conjunction with International Finance Corporation (IFC), a member of the World Bank Group, have embarked on a pilot project for the rural areas in Nigeria called Rural Telephony Project (RTP) MobileMoney.
Monday, June 21, 2010 6:00:28 PM (GMT Standard Time, UTC+00:00)  #    Comments [0] -
Africa | IMF & World bank | Micro Payment | Microfinance | Nigeria | Poor | Technology | Rural
# Saturday, June 12, 2010
Grassroots people identify easily with developmental banking, which is the reason they set money aside daily (Esusu) that would be used to grow their business as well as finance their families. So, it becomes a plus for them to have a private institution that provides funding for their business as well as refinance it in case there is misfortune that could prevent them from repaying their loans.
Saturday, June 12, 2010 8:07:34 PM (GMT Standard Time, UTC+00:00)  #    Comments [0] -
Banking | Credit | Microfinance | Nigeria | Opinions
# Thursday, June 10, 2010
As applicants await approval to operate mobile payment in Nigeria, stakeholders complain that the issue of low awareness must be addressed to ensure success
Thursday, June 10, 2010 7:54:09 PM (GMT Standard Time, UTC+00:00)  #    Comments [0] -
Africa | Banking | Enterpreneurs | Innovation | Micro Payment | Microfinance | Nigeria | Organisation | Software | Strategy | Technology
# Tuesday, June 08, 2010
The Small and Medium Enterprises Development Agency of Nigeria, has signed a Memorandum of Understanding with six Microfinance Banks on the provision of micro credit for small and medium scale enterprises in the country. The pact will also enable business owners in the country to benefit from entrepreneurship training programmes put together by SMEDAN and the microfinance banks.
Tuesday, June 08, 2010 7:32:09 PM (GMT Standard Time, UTC+00:00)  #    Comments [0] -
Africa | Enterpreneurs | Micro Credit | Microfinance | Nigeria | Sustainable
# Monday, June 07, 2010
Despite the challenges that the board and management of Integrated Microfinance Bank, IMFB, have been faced with, it is determined to come out stronger and bigger. In this interview, IMFB's Managing Director, Mr. Adamu Ibrahim, takes us through the events of the past 9 months, steps being taken to regain public confidence and the recent injection of funds by an investor.
Monday, June 07, 2010 7:40:30 PM (GMT Standard Time, UTC+00:00)  #    Comments [0] -
Africa | Banking | Enterpreneurs | Financial Crisis | In the News | Microfinance | Nigeria | Opinions | Sustainable
# Sunday, June 06, 2010
The Central Bank of Nigeria (CBN) is set to increase the minimum paid-up capital of Unit Micro-Finance Banks (MFBs) by 500 per cent to N100 million. It also increased that of State MFBs by 100 per cent to N2 billion. Under the micro-finance bank policy introduced in 2006, there are two categories of MFBs -State MFBs and Unit MFBs.
Sunday, June 06, 2010 8:13:47 PM (GMT Standard Time, UTC+00:00)  #    Comments [0] -
Africa | Banking | Financial Crisis | In the News | Innovation | Microfinance | Nigeria | Technology
# Wednesday, June 02, 2010
For little Nkamere Precious, Opayemi Toluwani, Ebuka Uba, Umoh Uwana and Miss Ngozi Ogudu, the 2010 Children’s Day will ever be remembered for the impact it is going to make in their lives. It was the day they were rewarded for their outstanding performance and achievements for the year with a minimum of between 10 As and 14 As out of 12 to 16 subjects they sat for in their various schools.
Wednesday, June 02, 2010 7:59:00 PM (GMT Standard Time, UTC+00:00)  #    Comments [0] -
Africa | Children | Enterpreneurs | In the News | Innovation | Nigeria | Sustainable | Volumteers
# Saturday, February 27, 2010
Clickatell, a vendor of messaging, is providing in-country SMS alert services to Satelite Microfinance Bank.
Saturday, February 27, 2010 11:00:17 PM (GMT Standard Time, UTC+00:00)  #    Comments [0] -
Africa | Microfinance | Mobile | Nigeria | Technology
# Wednesday, February 24, 2010
Ladi Smith, director, SIAO, in this interview with Daniel Obi, says Credit Awareness Nigeria Initiative is geared towards sensitising lenders on the need for credit information to avoid non-performing loans.
Wednesday, February 24, 2010 10:33:32 PM (GMT Standard Time, UTC+00:00)  #    Comments [0] -
Africa | Credit | Micro Credit | Microfinance | Nigeria | Strategy
# Sunday, February 14, 2010
Central Bank of Nigeria (CBN) has been advised to shelve its proposed plan to conduct examination for all managing directors of registered microfinance banks across the country.
Sunday, February 14, 2010 12:09:57 AM (GMT Standard Time, UTC+00:00)  #    Comments [0] -
Africa | Banking | Microfinance | Nigeria | Organisation | Strategy | Sustainable
# Sunday, January 31, 2010
Chairman of FirstBank Plc, Mr. Oba Otudeko recentlyaddressed the board and management of the bank. In the address, Otudeko who was recently elevated to the chairman of the board, pointed the way forward for the bank.
Sunday, January 31, 2010 2:03:56 PM (GMT Standard Time, UTC+00:00)  #    Comments [0] -
Africa | Banking | Enterpreneurs | Nigeria | Strategy
# Friday, January 29, 2010
At the fourth Microfinance Conference in Abuja, Nigeria, the governor of the Central Bank of Nigeria (CBN), Mr Mallam Sanusi Lamido Sanusi, announced that all microfinance bank CEOs would be required to pass a CBN administered exam in order to continue managing their banks. A training program will be held during the first quarter of this year, with certificates being issued at the end of the exercise. Any bank that does not comply with the rules will have its license withdrawn.
Friday, January 29, 2010 1:53:34 PM (GMT Standard Time, UTC+00:00)  #    Comments [0] -
Africa | Banking | Central Bank | Financial Crisis | Microfinance | Nigeria | Organisation | Strategy
# Sunday, November 01, 2009

Probanx Information Systems specializes in development of software for the financial institutions, offering multi-currency and multi-lingual banking systems with a large variety of modules, based on the latest technologies. We install and support turn-key international Banking Software and Microfinance Software solutions for retail banks, commercial banks, Internet banks and microfinance banks.
Sunday, November 01, 2009 8:19:21 PM (GMT Standard Time, UTC+00:00)  #    Comments [0] -
Africa | Asia | Australia | Banking | Banking Software | Banking Solutions | Biometric | CGAP | Core Banking | Cyprus | Enterpreneurs | Ethical Bank | Europe | Georgia | In the News | India | Innovation | Internet | Internet Banking | Micro Credit | Micro Payment | Microfinance | Microfinance Software | Microfinance Solutions | Mobile | Nigeria | Panama | Rural | Software | Sustainable | Sweden | Technology | Turkey | UK | USA | World
# Wednesday, June 10, 2009
The Board and Management of Savannah Bank are taking bold steps to ensure that the bank opens its doors to customers within the 18 months period given by the Appeal Court, in February this year. The Court of Appeal had on February 5, in the case of Savannah Bank of Nigeria Plc vs Central Bank of Nigeria et al ordered the apex bank to restore the licence of Savannah. The court, however, put a caveat that Savannah Bank had to recapitalise to the tune of N25 billion and meet other regulatory conditions within the specified period, before it could commence operations...
Wednesday, June 10, 2009 4:09:07 PM (GMT Standard Time, UTC+00:00)  #    Comments [0] -
Banking | Central Bank | Enterpreneurs | In the News | Nigeria
# Tuesday, May 12, 2009
The apex regulatory banking institution in the country, Central Bank of Nigeria (CBN) has been in the news in the last couple of days for a joyful reason. The bank has every reason to be in a festive mood, having clocked 50 golden years since its establishment.
Tuesday, May 12, 2009 7:47:32 PM (GMT Standard Time, UTC+00:00)  #    Comments [0] -
Banking | In the News | Microfinance | Nigeria
# Sunday, May 10, 2009
At the end of December last year, Nigeria had 815 licensed MFBs, putting itself in the first position globally on the number of practicing MFBs. However, the Managing Director, Elim MFB, Mrs. Ifeoma Ana, said that in spite the number of licensed MFBs operating in the country, micro financing would remain a mirage to the people except positive steps were taken to ensure that the sub-sector was effective in alleviating poverty.
Sunday, May 10, 2009 4:13:59 PM (GMT Standard Time, UTC+00:00)  #    Comments [0] -
Africa | Micro Credit | Microfinance | Nigeria | Opinions | Sustainable
# Wednesday, May 06, 2009
Clickatell, messaging provider for financial services, has been selected by Fortis Microfinance Bank to provide SMS Receipts(TM) to thousands of retail banking customers throughout Nigeria.
Wednesday, May 06, 2009 7:35:51 PM (GMT Standard Time, UTC+00:00)  #    Comments [0] -
Africa | Enterpreneurs | In the News | Microfinance | Nigeria | Technology
# Tuesday, May 05, 2009
Few women in Africa work in regular, formal sector jobs, and even those generally earn too little to escape from poverty. Decades after the world officially recognized a human right to gender equality, women remain largely excluded from the upper ranks of government and business, earn less than their male co-workers and face an array of customs, traditions and attitudes that limit their opportunities.
Tuesday, May 05, 2009 7:54:48 PM (GMT Standard Time, UTC+00:00)  #    Comments [0] -
Africa | Kenya | Micro Credit | Microfinance | NGOs | Nigeria | Poor | UNDP | Women
# Sunday, May 03, 2009
Sound policies and regulations for microinsurance in Nigeria will encourage innovation, investment, sustainability and growth in the insurance sector, while protecting consumers and the soundness of institutions. The overall objective, according to the author, is to provide value-for-money products on a massive scale to the low-income population.
Sunday, May 03, 2009 3:35:53 PM (GMT Standard Time, UTC+00:00)  #    Comments [0] -
Africa | In the News | Microinsurance | Nigeria | Opinions
# Saturday, May 02, 2009
New research reveals that mobile financial services offer some of the best commissions in the world — threatening to knock toothpaste from its lofty perch as the most lucrative product for profit hungry merchants. CGAP, a global microfinance centre, has listed M-Pesa as the world’s biggest mobile banking success.
Saturday, May 02, 2009 3:12:51 PM (GMT Standard Time, UTC+00:00)  #    Comments [0] -
Africa | Banking | CGAP | Enterpreneurs | Kenya | Microfinance | Nigeria | Poor | Software | Sustainable | Technology
# Thursday, April 23, 2009
The Innovation Fund is a special facility within EFInA that seeks to promote innovation in the development and deployment of financial services and thus expand financial access to the underserved population in Nigeria. EFInA will share the risk of developing and implementing new innovations by providing a grant subsidy (up to 50%) for new commercial projects.
Thursday, April 23, 2009 7:45:50 PM (GMT Standard Time, UTC+00:00)  #    Comments [0] -
Africa | Enterpreneurs | In the News | Innovation | Nigeria | Sustainable | Technology
# Tuesday, April 21, 2009
The idea of an inter- bank market for microfinance banks is no doubt an interesting one. For starters, such a platform will provide an opportunity for increased mobility of funds among microfinance banking operators, thereby reducing the cost of funding and improving the net interest margin by providing these micro-credit banks with a solid funding base to address short and medium-term requirements. But as laudable as the initiative may be, it is not without challenges as regards effectiveness, considering that the microfinance institutions are spread haphazardly all over the country. This, surely, is unlike the money market association for commercial banks, which has about 24 branches with headquarters in Lagos.
Tuesday, April 21, 2009 9:51:28 PM (GMT Standard Time, UTC+00:00)  #    Comments [0] -
Africa | Banking | Enterpreneurs | Microfinance | Nigeria | Organisation | Strategy
# Thursday, April 16, 2009
Dana Air, Nigeria’s newest carrier, has been named the Best ICT-Driven Airline of the year at the National ICT Merit Award (NIMA) held at the prestigious Eko Hotel & Suites on Thursday, April 9, 2009. NIMA is an annual ICT award organised by Technology Africa in recognition of individuals and organisations who are at the forefront of technology deployment and adoption in the country.
Thursday, April 16, 2009 7:22:37 PM (GMT Standard Time, UTC+00:00)  #    Comments [0] -
Africa | Enterpreneurs | Nigeria | Technology
# Tuesday, March 31, 2009
The problems associated with borrowing from microfinance banks (MFBs) by individuals and the cost of operations of the banks will soon be a thing of the past with the coming on board of credit bureaux in the Nigerian financial institutions. Since MFBs grant loan to financially active poor without collateral, it is possible for individuals who consider themselves smart to take loan from different banks with different information.
Monday, March 30, 2009 11:38:12 PM (GMT Standard Time, UTC+00:00)  #    Comments [0] -
Credit | Customer | Microfinance | Nigeria
New York based Women's World Banking (WWB) has signed on UBA Microfinance Bank as its only network partner in Nigeria. With the admittance of the microfinance subsidiary of United Bank for Africa Plc as a network partner of the WWB, UBA Microfinance Bank has joined the global network of partner microfinance institutions and banks including ASA, the number 1, and other top 9 Microfinance Finance Banks in the world.
Monday, March 30, 2009 11:34:28 PM (GMT Standard Time, UTC+00:00)  #    Comments [0] -
Africa | Microfinance | Nigeria | USA | World
# Sunday, March 29, 2009
Royal Exchange plc, has been granted approval-in-principle by the Central Bank of Nigeria (CBN) to operate a microfinance bank in the country, a move that is expected to deepen access to financial services by the informal and under-banked segments of the economy.
Sunday, March 29, 2009 8:05:39 PM (GMT Standard Time, UTC+00:00)  #    Comments [0] -
Banking | In the News | Microfinance | Nigeria | Sustainable | Technology
# Tuesday, March 24, 2009
Presenting a paper during Micro-Finance Investors Forum, organized by the Central Bank of Nigeria (CBN), held in Kano, Dogara believes that Islamic Micro-Finance could similarly be an excellent substitute for the conventional micro-finance currently being implemented in the country.
Tuesday, March 24, 2009 9:33:54 PM (GMT Standard Time, UTC+00:00)  #    Comments [0] -
Africa | Islamic Banking | Microfinance | Nigeria | Poor
# Friday, March 20, 2009
About half of all African enterprises are owned by women. “We are not waiting. We are moving,” says Pilda Modjadji, a founding member of the Pankop Women Farmers Forum in Mpumalanga, South Africa. “We mean business.”
Friday, March 20, 2009 4:34:35 PM (GMT Standard Time, UTC+00:00)  #    Comments [0] -
Africa | Credit | Enterpreneurs | Kenya | Microfinance | Nigeria | UNDP
# Sunday, March 15, 2009
At almost every forum on microfinance banking nowadays, the threats being posed by the involvement of commercial banks in the microfinance sector is a constant topic of discussion. This is rather considered as very strange for the operators of microfinance banking to feel threatened by the involvement of the commercial banks in a sector where the more players we have, the merrier it is for the country and micro/small businesses especially for the active poor in the land. The perceived threat is considered strange because Nigeria is still regarded as under banked, even with the entry of the microfinance banks into the economy. The average bank density in Nigeria is said to be an outlet for 32,000 people in the urban area and one outlet to 57,000 people in rural areas.
Sunday, March 15, 2009 9:49:59 PM (GMT Standard Time, UTC+00:00)  #    Comments [0] -
Africa | Banking | Microfinance | Nigeria
# Tuesday, March 10, 2009
With more than half of the adult population unable to access retail banking services, the introduction of microfinance banking by the Central Bank of Nigeria (CBN) was welcomed by Nigeria’s development partners and the general populace.
Tuesday, March 10, 2009 7:11:54 PM (GMT Standard Time, UTC+00:00)  #    Comments [0] -
Africa | Financial Crisis | Microfinance | Strategy | Sustainable | Nigeria
# Sunday, February 01, 2009
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The world's first person-to-person micro-lending website.
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Owen's interests in reducing global poverty. From Addis Ababa, Ethiopia.

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