Access to Finance News

Ethiopia: Ethio Pay to Push Visa Cards Out


 | Source: Addis Fortune; All Africa

Eth Switch S.C, the consortium of private banks, is to implement electronic cards belonging to the same brand- Ethio Pay, in all the banks of the country.

Nigeria: Interswitch Partners Banks On New Lending Platform


 | Source: This Day; All Africa

Interswitch has intensified plans to boost financial inclusion drive through provision of non-collaterised micro and nano-loans to individuals and SMEs across various channels. The new innovation is design to accommodate multi-channel low-level retail lending without collateral.

Nigeria: 200 Farmers Get N43bn From CBN's Anchor Borrowers Loans


 | Source: This Day; All Africa

Over 200,000 small holding farmers in 29 states of the country, cultivating eight different commodities have gotten N43 billion so far disbursed by the Central Bank of Nigeria (CBN) under its Anchor Borrowers' Programme (ABP) which was launched in November 2015, Governor of CBN, Mr. Godwin Emefiele, has disclosed.

Namibia: Financial Inclusion Survey Commences


 | Source: New Era; All Africa

The Namibia Statistics Agency and the Bank of Namibia, in collaboration with FinMark Trust of South Africa, will be conducting the fourth Namibia Financial Inclusion Survey (NFIS) to collect information on financial needs, access to financial service preferences and financial behaviour of the people of Namibia.

Kenya: Digital Financial Products Re-Define Service Delivery


 | Source: Daily Nation; All Africa

Collaboration between microfinance banks and telcos in rolling out products and services that boost financing of micro small and medium Enterprises (MSMEs) is imminent, financial sector players say.

Nigeria: W'Bank Predicts $22bn Foreign Remittances for Nigeria in 2017


 | Source: This Day; All Africa

The World Bank has predicted that Nigeria will record foreign remittances inflow of $22 billion in 2017, higher than the $19 billion recorded by the country in 2016.

Malawi Approves Islamic Banking, Sharia-Compliant Services


 | Source: Nyasa Times; All Africa

Malawi government has approved to embrace the Islamic banking system which doesn't demand any interest from the borrowers as is the case with non-Islamic banking systems.

Angola: Development Bank Promotes Financial Citizenship Campaign


 | Source: AngolaPress; All Africa

The Development Bank of Angola (BDA) is organising on 2-3 October, in the central provinces of Huambo and Bié, the campaign dubbed Diversificar (diversify), which aims to promote sustainable enterprising initiatives by the appropriate utilisation of investment funding provided by banks.

South Africa: Capitec Banks More Earnings As Self-Service Transactions Surge


 | Source: News24Wire; All Africa

Capitec Bank [JSE:CPI] announced on Wednesday that headline earnings for the six months to August 31 2017 grew to R2.05bn, from R1.75bn in the previous comparable period.

Zimbabwe: Government-Owned POSB Open to Goat Use As Security for Loans


 | Source:; All Africa

The government-owned Post Office Savings Bank (POSB) says is ready to accept goats and other livestock as security for loans.

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