Publications

Crowdfunding in East Africa: Regulation and Policy for Market Development

Earlier in 2016, DFID-funded FSD Africa partnered with the Cambridge Centre for Alternative Finance (CCAF) and Anjarwalla & Khanna to conduct a regulatory review of different crowdfunding models across Kenya, Tanzania, Uganda and Rwanda. 

Publications

Publications

Guaranteeing Social Enterprises – The EaSI way
This Working Paper summarises the current state of the external financing markets of the Social Enterprises targeted by the Employment and Social Innovation (EaSI) guarantee program. The report starts by elaborating on the interpretation of what constitutes a Social Enterprise under the EaSI program. It goes on to provide an overview of the EaSI...
IOSCO Research Report on Financial Technologies (Fintech)
The Board of the International Organization of Securities Commissions (IOSCO) tasked the Committee on Emerging Risks (CER) to collaborate with other IOSCO Committees and lead a study on the evolution of Financial Technologies, including its intersection with securities markets regulation. IOSCO is the international body that brings together the...
The World Federation of Exchanges (WFE) recognises the importance of ensuring small and medium enterprises (SMEs) can access equity market financing. This research identified globally-consistent barriers and opportunities for enhancing access to equity market finance. The research results are derived from surveys of companies, investors and market...
Expanding Women's Financial Inclusion in Bangladesh
The participation of women in business is increasingly being recognized as fundamental to economic growth. With women representing half the labor force aged 15–49 in Bangladesh, accelerating entrepreneurship and access to finance will be pivotal to socio-economic development in the country. According to the Bangladesh Labor Force Survey of 2013,...
China MSME Finance Report 2016
This is the eighth annual report on China's MSME finance development, produced by a team led by Shi Jianping and Yang Rubing of the Central University of Finance and Economics. The report provides a comprehensive review on the development of the so-called Micro and Small Finance (MSF) market in China, meaning credit services to Small and Micro...
Africa and Middle East Alternative Finance Benchmarking Report
This report, jointly produced by the Cambridge Centre for Alternative Finance (CCAF) and Energy 4 Impact with the support of UKAid and CME Group Foundation, is the first study of its kind that systematically and comprehensively reports the size and growth of crowdfunding and peer-to-peer lending markets in Africa and the Middle East. This is the...
Digital Disruption Revisited - What FinTech VC Investments Tells Us About a Changing Industry
2016 was the year when the Chinese FinTech dragons roared and some previously feted Western FinTech leaders wilted. In our first Digital Disruption GPS report, we argued that China was very important to the FinTech story (March 2016, link here). In this follow-on report, we follow the venture capital (VC) and corporate investments money trail to...
Crowdfunding in East Africa: Regulation and Policy for Market Development
Earlier in 2016, DFID-funded FSD Africa partnered with the Cambridge Centre for Alternative Finance (CCAF) and Anjarwalla & Khanna to conduct a regulatory review of different crowdfunding models across Kenya, Tanzania, Uganda and Rwanda. Crowdfunding is fast taking shape across East Africa - particularly non-financial return based models such...
Alternative Lending - Report
Alternative lending refers to a growing industry of digitally based lending platforms for different borrowing needs, including consumer, small and medium enterprise, student loans and mortgages. Within the last 10 years, this industry has emerged to become the subject of much discussion and speculation due to the technological innovations it uses...
IFC Study on Mapping the Market Potential and Accelerating Finance for Women Entrepreneurs in Bangladesh 2016
With women comprising more than half the population in Bangladesh, accelerating women entrepreneurship is pivotal to its socioeconomic development. Nevertheless, women entrepreneurs continue to constitute less than 10% of the total business enterprises in Bangladesh. This can be attributed to the many barriers that disproportionately impact women...