CENTRAL banks of the East African Community member countries are contemplating swift interventions in response to the coronavirus crisis amid calls on regional governments to implement significant economic stimulus packages.

Fintech credit provider 4G Capital, a firm that supports individuals and companies across Africa, has introduced operational and services updates for its business operations across Kenya and Uganda.

Amid the global COVID-19 pandemic and 21-day lockdown faced by South Africans, First National Bank has announced additional measures to assist small and medium-sized enterprises battling with funding in the country.

KOLKATA: The microfinance institutions (MFIs), which are currently feeling the pinch of the coronavirus pandemic with their operations being suspended during the nationwide lockdown, are concerned about the near- term growth of the industry, officials said on Monday.

Private companies join hands in support of the government’s social amelioration program to Filipinos severely affected by the COVID-19 enhanced community quarantine (ECQ) through the promotion of alternative encashment facilities nationwide.

The amount of money migrant workers send to their home countries usually holds up well in a crisis. Not this time.

In order to curtail the risk of spread of coronavirus and limit the physical interaction of citizens at bank branch level, the State Bank of Pakistan has waived all bank charges for online fund transfer services and the transactions charges on Real Time Gross Settlement System for customers.

Often bypassed by banks, the informal sector is unlikely to get much benefit from the government's Tk 727.50 billion stimulus package, fear economists.

The Association of Banks in Cambodia (ABC) and the Cambodia Microfinance Association (CMA) have announced that all services will continue to be offered throughout the current COVID-19 pandemic, according to a joint statement by the ABC and CMA released last week.

50 nations promised cash to fight Covid-19, but few, like India and Bangladesh, are doing it right. India’s trinity of Jan Dhan, Aadhaar, and mobile communications — or JAM — can work wonders if it is used extensively to reform citizen–state engagement.