9 MARCH 2018
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#FinClusionFriday brings you the latest and exciting news and updates from FSDT, and the financial sector in Tanzania at large. Subscribe now and take the journey of financial inclusion in Tanzania with us!
GetPesa ● Mobile Creditors ● Network Kalen
From left: Imani Alfayo (GetPesa), Tonny Missokia (Mobile Creditors Network), Van Reynders (Mobile Creditors Network), Shubi Mukolera (Kalen), Dennis Mwighusa (Kalen). To learn why FSDT has committed to fund these FinTechs 50% of their funding request Click here to learn more about their products.
Bridging Finance Gap, 5th March
The FSDT And SSC Capital , a financial investment advisory fi rm, co-hosted the official launch of the Tanzania Venture Capital Network, a nonprofit for advancing knowledge, and creating awareness on venture capital and private equity in Tanzania. Among the general discussions were; the need for more education and awareness on venture capital; the need for the government to address the business environment challenges; the crucial role of
different players to collaborate in promoting the industry; the importance of private sector companies to participate more on future similar events; the vital role for government agencies to participate in order to address some of the issues presented; the importance of the network to prepare local companies to be venture capital ready.
The guest of honor was Prof. F. Kamuzora from the Prime Minister’s Office, in charge of Policy & Coordination. Among the guest speakers was Dr. Reginald Mengi, Chairman of the Private Sector Foundation. The launch was attended by Financial Service Providerss, Venture capital/Private Equity experts, and government agencies. Other partners for the event included The Exchange-East Africa’s Investment Gateway, Tanzania Private Sector Foundation (TPSF), and Vantage Capital.
Look out for information on the Bima Challenge Winners. We will be announcing them officially on our social media channels, Facebook, Instagram, and Twitter, (handle: @Fsdtanzania) as well as in upcoming newspapers. There will also be a press conference for our winners! You will get to learn why they were selected among all who applied for the challenge. Bima Challenge, Rethinking Insurance.
Insurance 15th March, Mobile Financial Services 16th March
In order to derive value from the wealth of data in one of Tanzania?s most insightful demand side survey, FinScope Tanzania 2017, we have sliced and diced the survey’s dataset to focus on select industries. This month is dedicated to digging into the Insurance and the Mobile Financial Services industries. The analysis will offer participating organizations a unique
opportunity to understand where their industry is today, identify areas of improvement and where future opportunities lie. The Data Solution Sprints will offer a unique opportunity to explore how insights can be used to improve products that are currently in their pipeline, rolled out products and new ideas. The Insurance Data Solution Sprint will take place on the 15th; The Mobile Financial Services
Data Solution Sprint will take place on the 16th, both events run from 8am to 1pm. Make sure you tune in to our social media channels for live engagement via @FSDTanzania
Stakeholder Engagement Workshop, 27th March
In collaboration with MercyCorps, The FSDT will host a stakeholders workshop prior to launching the FinScope Agriculture niche report. Insights generated from discussions within the workshop will be incorporated into the final report, which will later on be shared with stakeholders.
The workshop will focus on smallholder farmers, their access to finance and financial behaviors, as well as the opportunities discovered for financial service providers to tap into the smallholder farmers’ market.
Look out for the launch date of the report!
Are you a financial service provider that wants to expand your consumer base, promote product usage among existing customers or widen their portfolios? Are you capturing consumer data or have access to external data sources but struggle to convert them into thought provoking insights, yet alone sparking business ideas?
DataDisrupt is an initiative to enhance FSP?s capacity to use both internal and external data to make evidence based decisions that will support FSPs on their journey from re-active to pro-active data users.
The FSD Africa, FSDT and IDRC initiative envisions that the use of data will enable FSP?s to sustainably provide relevant financial products to the unserved and underserved market segments. The initiative will support practical projects within identified FSPs, drawing on their supplier services market where necessary, to develop data driven improvements to products or the way products are delivered so that they can be accessed and used by more Tanzanians who normally make little or no use of formal financial services. Be on the look out for the launch of DataDisrupt!
Increasing Efficiency and Productivity, Kibo Palace Hotel, Arusha, 23rd March
The FSDT is co-hosting a workshop with Tanzania Agricultural Development Bank (TADB) that will speak on the progress of the irrigation finance facility, and start mobilizing agribusinesses to apply to the facility. The workshop will foster a discussion on water-stressed areas where the upgrade of water-efficient irrigation can be economically attractive, yield significant water productivity gains, and thereby boost local livelihoods.
During the workshop, FSDT will ignite a discussion on the development of the irrigation finance facility. TADB will follow up with a discussion on the Rural Innovation Fund (RIF) which will help to jump start the irrigation facility.
The workshop is a building block to the overall aim of the partnership; to develop a strategy and work plan for the development of a project finance fund for irrigation development in Tanzania.
In addition to TADB, other partners are 2030WRG, TAHA, VECO, PBWB, NMB, NIC, EFTA, Waderain, Balton, Out-growers Farmers. Be on the look out on our social media channels and website for more information regarding the workshop.