Access to Finance News

Namibia: Agribank Offers Collateral-Free Loans to Farmers


 | Source: New Era; All Africa

Agribank CEO Sakaria Nghikembua says that looking at the agricultural bank's loan book it is quite clear there is a lot that Agribank needs to do for all farmers in the country, more specifically for farmers in communal areas and specifically the northern communal areas (NCAs).

Senegal: Government urges local banks to further support agriculture sector and SME


 | Source: Ecofin Agency

Senegalese local banks were asked to provide more funding to SMEs and agricultural marketing campaigns.

Nigeria: Financial Inclusion - CBN Sets Fresh Targets for Banks


 | Source: Vanguard; All Africa

Central Bank of Nigeria, CBN, has set state-by-state targets for the 21 commercial banks and 942 micro finance banks in the country to ensure that every Nigerian adult has access to financial services.

Ethiopia: Inclusion Strategy Incentivizes Financial Outreach


 | Source: The Ethiopian Herald; All Africa

People in the financial sector expecting the newly unveiled Financial Inclusion Strategy to further facilitate and incentivize financial outreach efforts in the private sector.

Nigeria: Banks Record Increased Default On Credit Card, Overdraft Loans


 | Source: Vanguard; All Africa

Banks recorded increased default on credit card and overdraft loans to households in the fourth quarter of 2017. The Central Bank of Nigeria (CBN) disclosed this in its Credit Conditions survey report for the fourth quarter of 2017.

Kenyas' Mobile Money Deals Hit $16 Billion in Q3


 | Source: The EastAfrican; All Africa

Kenyans transacted Ksh1.7 trillion ($16,4 billion) over their phones in the quarter through September 2017, a 54.5 per cent increase from a similar period last year as subscribers increasingly used mobile money to pay for goods and services.

Uganda: Centenary Bank Signs Deal With Worldremit


 | Source: The Independent; All Africa

Ugandans living abroad can now send money home to their families and friends through Centenary Bank accounts countrywide following a partnership with the digital money transfer firm, WorldRemit.

Tanzania: ATMs Replace Mobile Phone Money Agents


 | Source: Tanzania Daily News; All Africa

MOBILE money customers can now withdraw cash through Automated Teller Machines (ATMs), thanks to technology advancement. The technology excludes mobile phone money agents and enable customers to make transactions twenty four hours a day, which is a big relief as most money agents open shops late and close earlier.

Nigeria: CBN to Roll Out Five Per Cent Interest Loan for Farmers


 | Source: The Guardian; All Africa

The Central Bank of Nigeria (CBN) said it would soon release more funds at not more than five per cent interest rate for farmers to acquire agriculture equipment, to enhance their productivity. Governor of the apex bank, Godwin Emefiele, stated this yesterday, during the official commissioning of the MITROS Rice processing factory and formal launch of the rice, in Abeokuta, Ogun State.

Zimbabwe: Zim Central Bank Warns Against Use of Bitcoin


 | Source:; All Africa

The Reserve Bank of Zimbabwe (RBZ) on Thursday warned the public against the use of virtual currencies such as Bitcoin because of the risks involved.

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