OMRO IFN partners with the European Investment Fund, obtaining a guarantee ceiling to offer up to EUR 50.000 microfinancing, double the ceiling currently provided.

With the issuance of this bond, Agricover reinforces its long-term commitment to sustainable development in Romania, catering to the financing needs of smallholder farmers.

The development of the digital currency was born out of the need to provide "financial inclusion to the 36 million Nigerians who currently lack access to financial services."

A release by the Head of Communications & Branding at LAPO indicates that “LAPO MfB has won this award category for the ninth consecutive times."

Payhippo says this acquisition will enable them to directly access Nigeria’s Inter-bank Settlement System.

The grant will allow Opportunity International to provide micro and small business loans, digital tools and specialized technical training to women-led small- and micro businesses in the Democratic Republic of the Congo (DRC), Ghana, Nigeria and Uganda.

The local currency-denominated senior non-preferred sustainability bonds will help the bank increase its lending to businesses investing in climate-smart initiatives—green buildings, renewable energy, energy efficiency, clean transportation, sustainable agriculture, and others.

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.

The loan is expected to support at least 4,000 new SME loans in Nigeria.

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.