By Zacharia Osanga, The Citizen Dar es Salaam. The Dar es Salaam Community Bank is finalising plans to transform into a commercial bank, the board chairman Paul Rupia said yesterday. DCB, which is listed at the Dar es Salaam Stock market since 2008, started operations in 2002 as a microfinance bank serving the people of the city. Its main shareholders... 

// By Akinola Ajibade, The Nation The Central Bank of Nigeria (CBN) has introduced measures to sanitise microfinance banks (MfBs). In this report, AKINOLA AJIBADE examines how effective the measures are. The microfinance banking sub-sector is plagued by problems such as inadequate capital, bad debt, management ineptitude, weak corporate governance... 

// AlHuda Centre of Islamic Banking and Economics Press Release UN-Millennium Development Goal (MDGs) can be achieved by eliminating Poverty through Islamic Microfinance: (Istanbul) Two days International summit on Islamic Microfinance is started in Istanbul. The basic purpose behind this summit is to promote Islamic Microfinance and to elucidate... 

From Africa News The Ghana Association of Microfinance Companies (GAMC) is bracing up to protect the industry and help safeguard funds of depositors. The business group is to operate under the second tier of the regulated microfinance institutions, which includes susu companies taking deposits and making profits. Under the new Bank of Ghana operating... 

// By Hope Moses-Ashike, Business Day Online As microfinance banks in the country adopt a uniform financial year-end, following a directive from the Central Bank of Nigeria (CBN), there is now more than ever – an oversight regulation on the part of the authorities. The directive, which came last week, according to the apex bank, is targeted... 

From Options Senegal The Senegalese microfinance institution, Union des Institutions Mutualistes Communautaires d’Epargne et de Crédit (U-IMCEC) signed a memorandum of understanding today to provide access to financing and set up savings accounts for GIEs and GIE members in the Options Senegal Ecolign Entrepreneurial Program. U-IMCEC was formed... 

// By Akinola Ajibade, The Nation The Central Bank of Nigeria (CBN) has exempted microfinance banks from participating in cash-lite banking system. By this, the customers of the 898 microfinance institutions can now continue to deposit and withdraw above the apex bank’s limit. Confirming the development, the Chairman, National Association of Microfinance... 

From cambridge-news.co.uk FrontlineSMS has been listed in The Global Journal’s Top 100 Best NGOs at number 47. Founded in 2005 by Bluntisham-based Ken Banks, FrontlineSMS has become a key player in the use of mobile technology to help developing countries, with Banks being awarded National Geographic Emerging Explorer status in 2010. “The fact... 

Press Release Africa’s largest microfinance executive program, School of African Microfinance (SAM) invites professionals to attend the 8th edition annual training from 3rd to 14th September 2012 in Mombasa, Kenya. Our intensive training program equips participants with knowledge, skills, insights and ideas to achieve high performance in their... 

// From The Philippine Star Tanzanian development bankers were in the Philippines to observe microfinance and microinsurance in action. Representatives from the Cooperatives Rural and Development Bank Microfinance Services Company Ltd. (CRDB) of Tanzania were the guests of the Rural Bankers Association of Philippines–Microenterprise Access...