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	<title>Microfinance Africa</title>
	<link>http://microfinanceafrica.net</link>
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	<lastBuildDate>Fri, 03 Feb 2012 14:46:53 +0000</lastBuildDate>
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		<title>Tanzania: ‘DCB meets criteria’ of commercial bank status</title>
		<description><![CDATA[			
				
			
		
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 [...]]]></description>
		<link>http://microfinanceafrica.net/news/tanzania-%e2%80%98dcb-meets-criteria%e2%80%99-of-commercial-bank-status/</link>
			</item>
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		<title>Nigeria: Are MfBs set for reforms?</title>
		<description><![CDATA[			
				
			
		
// 


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 structures, faulty accounting procedures and corruption.
Others [...]]]></description>
		<link>http://microfinanceafrica.net/news/nigeria-are-mfbs-set-for-reforms/</link>
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		<title>India: Ujjivan raises $25 million in equity financing</title>
		<description><![CDATA[			
				
			
		
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By Biswarup Gooptu, The Economic Times
BANGALORE: Ujjivan Financial Services raised Rs 127.9 crore ($25 million) in its fifth round of equity financing, the Bangalore-based microfinance company announced on Wednesday.
The latest round of capital infusion came largely from two new foreign institutional investors, FMO (Netherlands Development Finance Company) and WCP Mauritius Holdings III (Wolfensohn Capital [...]]]></description>
		<link>http://microfinanceafrica.net/microfinance-around-the-world/india-ujjivan-raises-25-million-in-equity-financing/</link>
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		<title>China Pacific Life Expands Rural Individual Life Microinsurance Coverage</title>
		<description><![CDATA[			
				
			
		
By Rebecca Ng, insurancenewsnet.com
China Pacific Life Insurance Co., the fourth-largest life insurer in the country, has been approved to expand its rural individual life microinsurance pilot program to seven Chinese provinces, according to the China Insurance Regulatory Commission.
The Shanghai-based insurer will be allowed to operate rural individual life microinsurance in the provinces of Inner Mongolia, [...]]]></description>
		<link>http://microfinanceafrica.net/microfinance-around-the-world/china-pacific-life-expands-rural-individual-life-microinsurance-coverage/</link>
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		<title>Pakistan is emerging as a global leader of Islamic Microfinance: Zubair Mughal</title>
		<description><![CDATA[			
				
			
		
// 


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 the strategy to remove obstacles from its [...]]]></description>
		<link>http://microfinanceafrica.net/news/pakistan-is-emerging-as-a-global-leader-of-islamic-microfinance-zubair-mughal/</link>
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		<title>Ghana: Microfinance Association to flush out unscrupulous operators</title>
		<description><![CDATA[			
				
			
		
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 rules and guidelines, firms [...]]]></description>
		<link>http://microfinanceafrica.net/news/ghana-microfinance-association-to-flush-out-unscrupulous-operators/</link>
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		<title>Nigeria: MFB’s uniform financial year-end widens regulatory oversight</title>
		<description><![CDATA[			
				
			
		
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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 &#8211; an oversight regulation on the part of the authorities.
The directive, which came last week, according to the apex bank, is targeted [...]]]></description>
		<link>http://microfinanceafrica.net/news/nigeria-mfb%e2%80%99s-uniform-financial-year-end-widens-regulatory-oversight/</link>
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		<title>Hong Kong: $100m microfinance scheme to launch</title>
		<description><![CDATA[			
				
			
		
From Kong Kong&#8217;s Information Services Department
Financial Secretary John Tsang will commission the Mortgage Corporation to introduce a three-year pilot microfinance scheme, offering a maximum loan tentatively capped at $100 million.
In his 2012-13 Budget speech today, Mr Tsang said the scheme will be operated on a self-financing basis with supporting services provided to make microfinance more [...]]]></description>
		<link>http://microfinanceafrica.net/microfinance-around-the-world/hong-kong-100m-microfinance-scheme-to-launch/</link>
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		<title>India: SIDBI to resume investing in MFIs</title>
		<description><![CDATA[			
				
			
		
From The Economic Times
KOLKATA: State-run Small Industries Development Bank of India, or Sidbi, is contemplating equity investment in microfinance companies after a year long hiatus. Sidbi will use a 100-crore dedicated fund, created by the government, for investing in smaller MFIs to help them grow in a regulated environment, an official said. &#8220;We are looking [...]]]></description>
		<link>http://microfinanceafrica.net/microfinance-around-the-world/india-sidbi-to-resume-investing-in-mfis/</link>
			</item>
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		<title>Senegal: IMCEC Microfinance Bank On-board</title>
		<description><![CDATA[			
				
			
		
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 in 1997 by ChildFund Senegal [...]]]></description>
		<link>http://microfinanceafrica.net/news/senegal-imcec-microfinance-bank-on-board/</link>
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