All News and Announcements

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May 31st Deadline Fast Approaching for SME Global Finance Awards Competition

The Global SME Finance Awards competition recognizes the commitments and achievements of financial institutions and fintech companies in delivering outstanding products and services to their SME clients.

News

IFC launches Sourcing2Equal Colombia Program to Promote Businesses Between Women Owned/Led SMEs Suppliers and 15 Corporate Buyers

+ Sourcing2Equal Colombia brings together 15 corporate buyers operating in Colombia to make specific and measurable commitments to increase access to corporate procurement opportunities for women-owned small and medium enterprises.

News

Incofin Raises Growth Capital From New Shareholders DPAM and Korys

The capital Incofin raised from the new shareholders will boost the company’s capacity to launch new initiatives, including funds integrating a smart climate and gender lens. 

News

Polaris Bank Renews Partnership With Network International to Deepen Financial Inclusion

Network International the leading enabler of digital commerce across the Middle East and Africa region, has renewed its partnership with one of Nigeria’s largest financial service providers, Polaris Bank Limited, to deepen financial inclusion and digital transformation.

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BABB Unveils Hybrid Accounts to Promote Financial Inclusion and Tackle Social Inequalities

Through its all-in-one app that provides access to financial services, BABB is harnessing the power of cutting-edge technology to streamline and simplify the process of peer-to-peer transactions across borders.

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MicroVest Invests $10 Million in Annapurna to Support Financial Inclusion for Women in India

The $10 million MicroVest investment in Annapurna microfinance aims to promote economic inclusion in underserved rural communities, with a specific emphasis on empowering women in India.

News

Vodacom Pledges to Invest ZAR 60 Billion in South Africa Over Next Five Years

This ZAR 60 billion (≈ USD 3.3 billion) investment is expected to contribute significantly to enhancing network resilience, further accelerating Vodacom’s deep rural coverage program to help bridge the digital divide and deepening financial inclusion.

News

Britain Seeks to Boost Banking Services From Fintechs

Britain plans to set up a new body over the next two years to encourage more competition in banking services through the use of third-party apps from fintech firms.

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World Bank Continues to Support Morocco's Financial and Digital Inclusion Reforms

The World Bank approved financing of $450 million for advancing financial and digital inclusion to continue supporting the government in implementing reforms to improve financial inclusion, digital entrepreneurship and more in Morocco.

News

Financial Inclusion in Egypt Reaches 65 Percent in 2022

The Central Bank of Egypt reports an increase in financial inclusion as total ownership of transactional accounts reach 64.8 percent of the total 65.4 million eligible adult population at the end of 2022.