PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

607848

Primary Business Area

Financial Institutions Group

Disclosure Date

Dec 4, 2024

Country

Mozambique

Region

Africa

IFC Approval Date

Feb 7, 2024

Status

Active

Estimated Total Budget

$3,000,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Dec 10, 2024

Project Estimated Start Date

Feb 15, 2024

Project Estimated End Date

May 31, 2026

Client Legal Name

VODAFONE M-PESA SA

Project Description

This project will provide advisory support to Mpesa Mozambique to expand financial inclusion in Mozambique including in rural areas targeting smallholder farmers. This will be achieved through: 1. Expansion of the agent network 2. Customer acquisition with a focus on usage of new products 3. Expansion of the merchant network 4. Sensitize and enroll farmers to digital payments channel

Development Results

E&S Risks / Impacts and Mitigation