Tala Establishes a $48.5 Million Loan Channeling Partnership With Maya Bank to Increase Filipinos' Access to Financial Services
Fintech company Tala announced its partnership with Maya Bank, the digital bank leader in the Philippines, marking a significant milestone towards bridging the financial gap for millions of Filipinos.
Indigenous Financial Service Research in Kenya, Ghana, and Togo
MSC conducted qualitative research in Kenya, Ghana and Togo and found that Indigenous Financial Services (IFS), such as rotating savings and credit associations (ROSCAs), informal moneylenders and burial societies play a critical role in driving access to finance for micro and small enterprises (MSEs).
Mauritania Commissions Germany’s G+D to Design Central Bank Digital Currency (CBDC)
Known as the digital ouguiya, the potential CBDC would complement cash.
Impact Investment in Climate-Resilient Drought Insurance
In Mali, where droughts affect 400,000 people annually and result in $9.5 million of lost crop earnings, OKO offers a lifeline by providing crop insurance to smallholder farmers.
Huawei, bKash Sign MoU to Strengthen Partnership and Improve Financial Inclusion in Bangladesh
Huawei, a leading global technology solutions provider, recently reaffirmed its commitment to bKash, the leader in mobile payments and financial services in Bangladesh, that will plot the way towards financial inclusion.
Peace Microfinance Bank Champions Women’s Empowerment and Education
Through the Training, Advocacy, Research, and Mentorship (TARM) project, Peace Microfinance Bank Ltd. aims to empower female teachers to guide and motivate adolescent girls to pursue their education in Nigeria.
Financial Inclusion in Egypt Reaches 65 Percent in 2022
The Central Bank of Egypt reports an increase in financial inclusion as total ownership of transactional accounts reach 64.8 percent of the total 65.4 million eligible adult population at the end of 2022.