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Research Outline
Prepared for Rui A. | Delivered April 8, 2020
African Microfinance Sector M&A
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Goals
To populate the attached spreadsheet with a list of the most recent mergers and acquisitions within the Sub-Saharan African microfinance sector. Research will be used for comparison and to guide a sale price.
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Early Findings
CIDR and Pamiga Merger
CIDR (Centre International de
D
é
v
e
l
o
p
p
e
m
e
n
t
et de Recherche) and
P
a
m
i
g
a
(Participatory Microfinance Group for Africa) announced their merger this
January 2020
.
The new entity named CIDR
P
a
m
i
g
a
will work to provide technical assistance and
m
i
c
r
o
f
i
n
a
n
c
e
funding
in
Sub-Saharan
Africa.
CIDR
is based in France but lists
Sub-Saharan Africa
as its regional focus.
P
a
m
i
g
a
operates in
10 Sub-Saharan African countries
namely
B
é
n
i
n
, Burkina Faso, Cameroon, Ethiopia, Madagascar, Mali,
S
é
n
é
g
a
l
, Ivory Coast, Gambia, Ghana, Kenya, Uganda, Chad, Togo, Morocco, Tunisia.
No financial details of the
merger
were publicly disclosed.
Sub-Saharan Africa
M
i
c
r
o
f
i
n
a
n
c
e
The
Inclusive
F
i
n
t
e
c
h
50 List
presents 16
f
i
n
t
e
c
h
companies focused on
improving financial inclusion
through
m
i
c
r
o
f
i
n
a
n
c
e
in Sub-Saharan Africa in 2019.
These include
A
w
a
m
o
,
I
n
c
l
u
s
i
v
i
t
y
Solutions, and
M
a
t
o
n
t
i
n
e
among others.
F
i
n
e
x
t
r
a
reports that mobile money is one of the drivers of financial inclusion in Sub-Saharan Africa in 2018.
The joint Partnership for Financial Inclusion has worked with
14
m
i
c
r
o
f
i
n
a
n
c
e
companies to achieve universal financial access in the region.
B
o
r
g
e
n
Project
reported in 2018 that the
m
i
c
r
o
f
i
n
a
n
c
e
industry in broader Africa has reached a gross loan portfolio of
$8.5 billion
.
Africa has also developed one of the
fastest-growing bases
for
m
i
c
r
o
f
i
n
a
n
c
e
institutions.
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