All News and Announcements
Prophius Partners With Mastercard on Tap on Phone Payments for SMEs in Sub-saharan Africa
The move is expected to boost digital payment acceptance at small and micro enterprises in Nigeria, Ghana, Kenya, Uganda, and other key markets in Sub-Saharan Africa.
Zambia Mulls Increasing Financial Inclusion for Rural Dwellers
The plan is to increase financial inclusion in rural areas from the current 50 percent to 75 percent.
Africa: The Italian CDP Lends EUR100M to the AFC to Finance the Ecological Transition
The pan-African financial institution will use the funds to finance the green transition through sustainable infrastructure in Africa.
Moove, Suzuki, MUFG Team to Promote Financial Inclusion for Gig Workers
According to the release, the partnership was inked at the eighth Tokyo International Conference on African Development, and is among the first to involve an African fintech company.
TMRC Signs MoU With Habitat to Boost Housing Finance
This is the first step in the organizations' joint effort to expand and strengthen the low-income housing finance sector in Tanzania.
Grameen Foundation Grants a First Loan to the Microfinance Institution Baobab in Burkina Faso
Through its subsidiaries, Baobab provides financial services to half a million microentrepreneurs and small businesses, thus allowing access to financing to people who are not currently supported by traditional banks.
Nigeria’s Real-Time Payment Transactions Surge 95 Percent in 2021
Nigeria is looking to real-time payments to help drive economic growth and financial inclusion as its volume of real-time transactions surged year-on-year by 94.7 percent to 3.7 billion in 2021.
African Development Bank and African Guarantee Fund Sign $110 Million Agreement With Tanzania’s CRDB Bank to Boost Access to Finance by Women’s SMEs
The bouquet of financing will enable CRDB to significantly impact the socio-economic growth of the region by empowering small businesses, especially women, and unleashing their full potential.
U.S Agency Commits $280M in Financing for Access Bank to Boost Financial Inclusion
The loan is expected to support at least 4,000 new SME loans in Nigeria.
Airtel Africa Launches Smartcash Payment Service Bank
Services the bank will offer include accepting deposits from individuals and small businesses, carrying out payment and remittance services within Nigeria, issuing debit and prepaid cards and more.