Meet the partners

FinMark Trust

 

Created with initial funding from the UK’s Department for International Development, FinMark Trust is an independent trust whose business is controlled by seven trustees from countries in Southern Africa. FinMark Trust’s purpose is ‘Making financial markets work for the poor, by promoting financial inclusion and regional financial integration’ in the SADC region. It does this by conducting research to identify the systemic constraints that prevent financial markets from reaching out to these consumers and by advocating for change on the basis of research findings.

 

Cenfri was established with support from the FinMark Trust. The centre manages FinMark Trust’smicroinsurance, health financing, retail payment systems (including mobile banking and cross-border money transfers) and Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) portfolios. 

 

Recent work by FinMark Trust and Cenfri include:


 

United Nations Capital Development Fund (UNCDF)

 

UNCDF logo new

UNCDF is the UN’s capital investment agency with the mission to reduce poverty in the world’s 49 least developed countries (LDCs); promoting financial inclusion is one of its key strategies for doing so. UNCDF focuses first and foremost on LCDs with a special commitment to challenging environments – remote rural areas and countries emerging from conflict.

 

For UNCDF, Financial Inclusion is achieved when all individuals and businesses have access to and can effectively use a broad range of financial services that are provided responsibly, and at reasonable cost, by sustainable institutions in a well-regulated environment. There is a strong consensus that increased levels of financial inclusion – through the extension of savings, credit, insurance, and payment services – contributes significantly to sustainable economic growth.

 

UNCDF and Cenfri, in collaboration with FinMark Trust, partnered to develop the Making Access Possible (MAP) initiative.

 

Recent work by the UNCDF and Cenfri include:

  • MAP Myanmar report. The MAP study is a comprehensive market assessment of retail financial services in Myanmar. The purpose of MAP is to assist the Government of Myanmar to identify key priorities and opportunities to extend access to financial services. 

ILO's Impact Insurance Facility

 

Logo Impact Insurance-resizedThe ILO's Impact Insurance Facility enables the insurance sector, governments, and their partners to realise the potential of insurance for economic and social development by promoting impact insurance. Impact insurance reduces vulnerability, promotes stronger enterprises and facilitates better public policies. The ILO’s Impact Insurance Facility continues to build on its past achievements, and remains at the forefront of learning and innovating for better products and strategies to achieve greater impact. The Facility does this by facilitating market development in select countries, supporting and learning from innovative insurance approaches, and by building the capacity of insurers and other stakeholders to be more impactful.

 

The ILO's Impact Insurance and Cenfri have partnered to achieve the common objective of increasing the availability of better insurance products to a greater number of low-income households on the African continent. 

 

Recent work by the ILO’s Impact Insurance Facility and Cenfri include: 

  • Scale: Thinking big. Analysed 95 Initiatives that achieved scale and evaluated 8 case studies in detail to understand what drives scale.
  • Mobile phones and microinsurance. Reviewed 13 insurance schemes that are using mobile phones in some capacity in an effort to identify lessons that support practitioners looking to use the mobile phone in microinsurance
  • Programme in Microinsurance Business Strategies. In April 2013, Cenfri in collaboration with the African Insurance Association (AIO), the Insurance Regulatory Authority of Kenya (IRA), ILO’s Microinsurance Innovation Facility and USB-ED presented a programme in Microinsurance Business Strategies for African Markets in Nairobi, Kenya. The programme ran over three and a half days with three days of classroom-based learnings and a half day immersion visit on the morning of the third day. The programme was attended by 32 participants (including regulators, practitioners and donors) from Botswana, Kenya, Nigeria, Sudan, Swaziland, Tunisia, Uganda, Zambia and Zimbabwe.

 

University of Stellebosch Business School - Executive Development

 

USBED logoThe University of Stellenbosch Business School Executive Development (USB-ED) is the public executive development company within the University of Stellenbosch Business School (USB). USB-ED offers open-enrolment programmes for the individual, in-house and customised programmes for organisations, and strategic consulting. They collaborate with international business schools and leading corporate partners to offer our participants world-class business learning opportunities. The University of Stellenbosch Business School (USB) is accredited with the Higher Education Quality Council (HEQC) of the Council on Higher Education (CHE) under the auspices of the University of Stellenbosch.

 

The USB is a member of leading bodies in the international and African business school community, such as the Association of African Business Schools (AABS) and the Global Business School Network (GBSN). The USB’s international standing and reputation is confirmed by three international accreditations, EQUIS, AMBA and ACSB.

 

Recent work by the USB-ED and Cenfri include:

  • Programme in National Payment Systems – Zambia, February 2014. Cenfri in collaboration with the National Payments Systems Institute (NPS-I) and the University Stellenbosch Business School Executive Development (USB-ED) presented a training programme in National Payment Systems (NPS) hosted by the Bank of Zambia and including other regulators from the region.
  • Programme in Microinsurance Business Strategies for East African Markets – Kenya, April 2013. Cenfri in collaboration with the University Stellenbosch Business School Executive Development (USB-ED), the ILO's Microinsurance Innovation Facility, the African Insurance Organization (AIO) and the Insurance Regulatory Authority of Kenya (IRA) presented a programme in Microinsurance Business Strategies for African Markets in Nairobi, Kenya.
  • Programme in National Payment Systems – Malawi, February 2013. Cenfri in collaboration with the National Payments Systems Institute (NPS-I) and the University Stellenbosch Business School Executive Development (USB-ED) presented a training programme in National Payment Systems (NPS) hosted by the Reserve Bank of Malawi and including other regulators from the region.
  • Programme in National Payment Systems – Zimbabwe, February 2013. Cenfri in collaboration with the National Payments Systems Institute (NPS-I) and the University Stellenbosch Business School Executive Development (USB-ED) presented a training programme in National Payment Systems (NPS) hosted by the Reserve Bank of Zimbabwe and including other regulators from the region.

 

Bankable Frontier Associates

 

bfa logo 2colorBankable Frontier Associates is a niche consulting firm, based in Boston MA, USA, which specializes in the design and evaluation of strategies and policies to extend the bankable frontier; that is, the reach of formal financial services in emerging markets around the world. The application of new technology and changing financial regulation are both powerful forces which can reshape this frontier. BFA is actively involved in tracking and advising public and private sector, as well as regulators, on how best to harness these forces to best advantage.

 

Recent work by the Bankable Frontier Associates and Cenfri include:

  • Regulating M-insurance in Zimbabwe. FinMark Trust commissioned Bankable Frontier Associates (BFA) and Cenfri to learn lessons from the EcoLife m-insurance case and develop recommendations with the aim of protecting clients and ensuring positive synergies between financial inclusion and these other policy objectives in the m-insurance space.
  • Managing risk while facilitating innovation: The case of mobile insurance in Tanzania. FinMark Trust commissioned Bankable Frontiers Associates and Cenfri to test the risk framework and recommendations developed from the Zimbabwean experience in Tanzania, with the aim of assessing their validity and sufficiency in assisting regulators to promote innovation, while ensuring financial stability, and consumer protection.
  • NPS training February 2014, Lusaka, Zambia. Cenfri in collaboration with the National Payments Systems Institute (NPS-I) and the University Stellenbosch Business School Executive Development (USB-ED) presented a training programme in National Payment Systems (NPS) hosted by the Bank of Zambia and including other regulators from the region.

 

Meet the partners

FinMark Trust

 

Created with initial funding from the UK’s Department for International Development, FinMark Trust is an independent trust whose business is controlled by seven trustees from countries in Southern Africa. FinMark Trust’s purpose is ‘Making financial markets work for the poor, by promoting financial inclusion and regional financial integration’ in the SADC region. It does this by conducting research to identify the systemic constraints that prevent financial markets from reaching out to these consumers and by advocating for change on the basis of research findings.

 

Cenfri was established with support from the FinMark Trust. The centre manages FinMark Trust’smicroinsurance, health financing, retail payment systems (including mobile banking and cross-border money transfers) and Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) portfolios. 

 

Recent work by FinMark Trust and Cenfri include:


 

United Nations Capital Development Fund (UNCDF)

 

UNCDF logo new

UNCDF is the UN’s capital investment agency with the mission to reduce poverty in the world’s 49 least developed countries (LDCs); promoting financial inclusion is one of its key strategies for doing so. UNCDF focuses first and foremost on LCDs with a special commitment to challenging environments – remote rural areas and countries emerging from conflict.

 

For UNCDF, Financial Inclusion is achieved when all individuals and businesses have access to and can effectively use a broad range of financial services that are provided responsibly, and at reasonable cost, by sustainable institutions in a well-regulated environment. There is a strong consensus that increased levels of financial inclusion – through the extension of savings, credit, insurance, and payment services – contributes significantly to sustainable economic growth.

 

UNCDF and Cenfri, in collaboration with FinMark Trust, partnered to develop the Making Access Possible (MAP) initiative.

 

Recent work by the UNCDF and Cenfri include:

  • MAP Myanmar report. The MAP study is a comprehensive market assessment of retail financial services in Myanmar. The purpose of MAP is to assist the Government of Myanmar to identify key priorities and opportunities to extend access to financial services. 

ILO's Impact Insurance Facility

 

Logo Impact Insurance-resizedThe ILO's Impact Insurance Facility enables the insurance sector, governments, and their partners to realise the potential of insurance for economic and social development by promoting impact insurance. Impact insurance reduces vulnerability, promotes stronger enterprises and facilitates better public policies. The ILO’s Impact Insurance Facility continues to build on its past achievements, and remains at the forefront of learning and innovating for better products and strategies to achieve greater impact. The Facility does this by facilitating market development in select countries, supporting and learning from innovative insurance approaches, and by building the capacity of insurers and other stakeholders to be more impactful.

 

The ILO's Impact Insurance and Cenfri have partnered to achieve the common objective of increasing the availability of better insurance products to a greater number of low-income households on the African continent. 

 

Recent work by the ILO’s Impact Insurance Facility and Cenfri include: 

  • Scale: Thinking big. Analysed 95 Initiatives that achieved scale and evaluated 8 case studies in detail to understand what drives scale.
  • Mobile phones and microinsurance. Reviewed 13 insurance schemes that are using mobile phones in some capacity in an effort to identify lessons that support practitioners looking to use the mobile phone in microinsurance
  • Programme in Microinsurance Business Strategies. In April 2013, Cenfri in collaboration with the African Insurance Association (AIO), the Insurance Regulatory Authority of Kenya (IRA), ILO’s Microinsurance Innovation Facility and USB-ED presented a programme in Microinsurance Business Strategies for African Markets in Nairobi, Kenya. The programme ran over three and a half days with three days of classroom-based learnings and a half day immersion visit on the morning of the third day. The programme was attended by 32 participants (including regulators, practitioners and donors) from Botswana, Kenya, Nigeria, Sudan, Swaziland, Tunisia, Uganda, Zambia and Zimbabwe.

 

University of Stellebosch Business School - Executive Development

 

USBED logoThe University of Stellenbosch Business School Executive Development (USB-ED) is the public executive development company within the University of Stellenbosch Business School (USB). USB-ED offers open-enrolment programmes for the individual, in-house and customised programmes for organisations, and strategic consulting. They collaborate with international business schools and leading corporate partners to offer our participants world-class business learning opportunities. The University of Stellenbosch Business School (USB) is accredited with the Higher Education Quality Council (HEQC) of the Council on Higher Education (CHE) under the auspices of the University of Stellenbosch.

 

The USB is a member of leading bodies in the international and African business school community, such as the Association of African Business Schools (AABS) and the Global Business School Network (GBSN). The USB’s international standing and reputation is confirmed by three international accreditations, EQUIS, AMBA and ACSB.

 

Recent work by the USB-ED and Cenfri include:

  • Programme in National Payment Systems – Zambia, February 2014. Cenfri in collaboration with the National Payments Systems Institute (NPS-I) and the University Stellenbosch Business School Executive Development (USB-ED) presented a training programme in National Payment Systems (NPS) hosted by the Bank of Zambia and including other regulators from the region.
  • Programme in Microinsurance Business Strategies for East African Markets – Kenya, April 2013. Cenfri in collaboration with the University Stellenbosch Business School Executive Development (USB-ED), the ILO's Microinsurance Innovation Facility, the African Insurance Organization (AIO) and the Insurance Regulatory Authority of Kenya (IRA) presented a programme in Microinsurance Business Strategies for African Markets in Nairobi, Kenya.
  • Programme in National Payment Systems – Malawi, February 2013. Cenfri in collaboration with the National Payments Systems Institute (NPS-I) and the University Stellenbosch Business School Executive Development (USB-ED) presented a training programme in National Payment Systems (NPS) hosted by the Reserve Bank of Malawi and including other regulators from the region.
  • Programme in National Payment Systems – Zimbabwe, February 2013. Cenfri in collaboration with the National Payments Systems Institute (NPS-I) and the University Stellenbosch Business School Executive Development (USB-ED) presented a training programme in National Payment Systems (NPS) hosted by the Reserve Bank of Zimbabwe and including other regulators from the region.

 

Bankable Frontier Associates

 

bfa logo 2colorBankable Frontier Associates is a niche consulting firm, based in Boston MA, USA, which specializes in the design and evaluation of strategies and policies to extend the bankable frontier; that is, the reach of formal financial services in emerging markets around the world. The application of new technology and changing financial regulation are both powerful forces which can reshape this frontier. BFA is actively involved in tracking and advising public and private sector, as well as regulators, on how best to harness these forces to best advantage.

 

Recent work by the Bankable Frontier Associates and Cenfri include:

  • Regulating M-insurance in Zimbabwe. FinMark Trust commissioned Bankable Frontier Associates (BFA) and Cenfri to learn lessons from the EcoLife m-insurance case and develop recommendations with the aim of protecting clients and ensuring positive synergies between financial inclusion and these other policy objectives in the m-insurance space.
  • Managing risk while facilitating innovation: The case of mobile insurance in Tanzania. FinMark Trust commissioned Bankable Frontiers Associates and Cenfri to test the risk framework and recommendations developed from the Zimbabwean experience in Tanzania, with the aim of assessing their validity and sufficiency in assisting regulators to promote innovation, while ensuring financial stability, and consumer protection.
  • NPS training February 2014, Lusaka, Zambia. Cenfri in collaboration with the National Payments Systems Institute (NPS-I) and the University Stellenbosch Business School Executive Development (USB-ED) presented a training programme in National Payment Systems (NPS) hosted by the Bank of Zambia and including other regulators from the region.