The partnership enables Airtel Money’s 19 million customers to receive MoneyGram transfers directly into their mobile wallets from around the world.

The decision of the National Bank of Ethiopia followed the chronic foreign currency shortage the country has been facing for many years.

Credo will use the funds to on-lend primarily as working capital for people living in rural areas, with the aim of lessening the impacts COVID-19 has had on food production and the country’s agricultural sector.

Through a network of 23 branches and 63 active agents across the country, FINCA Malawi serves more than 70,000 clients offering individual and group loans, savings and insurance products specifically designed for low-income entrepreneurs.

The investment particularly aims to bolster the ability of micro and small enterprises to continue operations in an environment made difficult by the COVID-19 crisis.

The facility has been provided under IFC’s Small Loan Guarantee Program (SLGP), a programmatic approach to risk-sharing that aims to strengthen the capacity of financial institutions to finance SMEs in low-income countries.

Experts have called for the restructuring of loan facilities in Nigeria, to alleviate the adverse effects of some government policies on women.

Airtel Africa, a telecommunications and mobile money services company, is scaling up its operations with the help of WorldRemit, a digital money transfer service provider, to broaden its instant money transfer services across Africa.

Senior loan of EUR 25 million to new Green for Growth Fund (GGF) partner to increase uptake of renewable energy, energy efficiency, and resource efficiency measures in the country.

The collaboration enables UNFCU members to transfer money to mobile wallets in select countries in local currencies.