All News and Announcements

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News

IFC, BOA Kenya Partner to Expand Lending to Small Businesses in Kenya

Through the partnership, IFC will enter a risk-sharing facility with BOA Kenya that will help the bank scale up lending to small and medium-sized enterprises.

News

Symbiotics Launches $15 Million Green Bond for Greenlight Planet

Greenlight Planet will use the proceeds of the Green Bond to finance supplier advances, inventory and customer lease structures for pay-as-you-go solar home systems.

News

IFC and Ministry of Justice Join Hands to Improve Insolvency Laws in Kosovo, Boost Lending

The initiative, known as the Debt Resolution Project, is expected to create a safety net for businesses and investors, improving access to credit, especially for small and medium enterprises.

News

Luxembourg Becomes Ninth Contributor to UNCDF’s Last-Mile Finance Trust Fund (LMF-TF)

Contribution will be used to finance UNCDF’s BRIDGE Facility—the Finance Facility dedicated to the world’s 46 least developed countries (LDCs).

News

EasyCash: An Interoperable ePayment Suite Powered by Wallet Factory Launched in Egypt

EasyCash has become the first mobile payment application for Wallet Factory that was made to align with the Egyptian interoperability market standards for QR code-based digital payments and acceptance.

News

WEE-DiFine Initiative: Request for Proposals

Following the success of the first two Requests for Proposals (RFPs), WEE-DiFine is excited to announce the launch of its third RFP.

News

Promoting Financial Inclusion in Egypt

In the frame of this project, AFC, in collaboration with the national statistics office CAPMAS and the Central Bank of Egypt, conducted the first national representative financial inclusion survey in Egypt and build a data set as evidence base and baseline for future monitoring.

News

Hong Kong Fintech Unicorn WeLab Raises $240M to Buy Indonesian Bank

With this move, WeLab is planning to launch a digital bank to capture the country’s enormous unbanked population.

News

Pakistan: UBL Partners With U Microfinance Bank Limited to Promote Financial Inclusion

A memorandum of understanding was signed to promote financial inclusion and to open up multiple avenues for collaboration, including medium to long-term debt funding, Retail TFC, Islamic microfinance funding, and more.

News

DAI Acquires International Asset Management Firm, MicroVest

Acquisition in high-growth ESG/impact investing arena enhances DAI’s ability to spur investment in emerging and frontier economies.