The measure will promote financial inclusion and literacy especially to those living in rural and underdeveloped areas to ensure equitable access to financial technology.

London Stock Exchange Group(LSEG), Zimbabwe’s NMB Bank Limited, Global Legal Entity Identifier Foundation (GLEIF), Cenfri and Cornerstone unlock access to trade finance and boost economic potential for SMEs.

Financial Inclusion Week 2021 will be convened under the theme, "Inclusive Finance: Driving Prosperity in an Era of Uncertainty."

The loan will help smaller businesses across a range of sectors in Kenya access financing for working capital, expansion, and to weather the effects of COVID-19.

Women, youth and micro, small and medium enterprises in Africa are most at-risk of financial exclusion during COVID-19, say Bank of Tanzania and Alliance for Financial Inclusion.

A 2020 Financial Services Demand Side Survey Report released by the Reserve Bank revealed that the level of formal financial inclusion among Fijians has increased to 81 percent from 64 percent in 2014.

The new reforms plan and package of proposals with special focus on poor rural women will be presented to the Parliamentary Select Committee on Gender Equality within a month.

Under the project, an expansion of IFC's Distressed Asset Recovery Program's work in India, IFC will invest up to $100 million in the J.C. Flowers India Opportunities Fund if certain conditions are met, with an initial commitment of $40 million.

The plan is a result of a partnership between two of the country's foremost institutions that are offering Islamic finance and takaful solutions for the benefits of masses across the country.

Banks can draw on the facility to provide new loans and financing to individuals, small and medium-sized enterprises, and other private corporates affected by the virus fallout.