Symbiotics Launches First Sustainability Bond With ARMECONOMBANK OJSC in Armenia
Symbiotics, the leading market access platform for impact investing, has arranged its first Sustainability Bond, that is also the first such bond in Armenia, by raising about $10,700,000 in local currency for ARMECONOMBANK OJSC.
SANAD Provides First Tier II Capital in Egypt to Banque du Caire
Subordinated debt totaling $30 million to strengthen capital base and boost bank’s ability to provide local businesses with much-needed financing.
AFD Loans $356M to IFAD to Assist Rural Farmers
AFD loans $356M to IFAD to assist rural farmers in developing sustainable agriculture, accessing microfinance, fighting hunger, responding to climate change, enduring COVID-19 pandemic.
Kenya’s Mobile Money Use Hits Record High in October Amid COVID-19 Pandemic
Kenyans transacted 528.9 billion shillings (about $4.9 billion) on their mobile phones in October as usage rose considerably amid the COVID-19 pandemic, new Central Bank of Kenya data showed.
Remittances Provide Temporary Cushion to Nepal’s Troubled Economy
At a time when the world economy was hard hit by the ongoing pandemic, improvement in Nepal’s remittances inflow has made it easier for the government to operate.
Philippines Global Financial Inclusion Ranking Slips Further
The global financial inclusion ranking of the Philippines slipped further this year despite improvements spurred by the government’s need to promote digital channels as part of its response to the COVID-19 pandemic.
Cambodia's Finance Sector Lends Hand to Nation's Needy
Since the beginning of 2020, Cambodia's BFIs have raised more than $500,000 in donations for health, sanitary and food supplies to support vulnerable communities.
IFC, Aavas Financiers to Help Catalyze Affordable Green Housing Finance for Low-Income Borrowers in India
An endeavor to address a critical gap in affordable green housing in India will benefit scores of low-income borrowers, including women.
Innovation Fund for COVID Response and Recovery Through Savings Groups
The SEEP Network is excited to announce a challenge fund to support innovations in gender-intentional COVID response and recovery efforts related to Savings Groups.
Egypt’s Zeal Raises Six-Figure Seed for Its Digital Payments and Loyalty Platform
Egyptian fintech Zeal Rewards has raised a seed investment from an angel investor, it announced in a statement to MENAbytes this week.