Access to Finance News

Factoring and Credit Insurance Seen as Key for SME Growth and Regional Integration


Innovative financial solutions like factoring and credit insurance offer keys to the growth of small and medium-sized enterprises (SMEs) in Africa and can enhance regional integration.

Sudan: First Vice President Lauds Savings Bank's Role in Funding Graduates


 | Source: Sudan News Agency; All Africa

First Vice President of the Republic and National Prime Minister Lt. Gen. Bakri Hassan Saleh has praised the role played by the Savings and Social Development Bank in social development and the provision of funding for graduate projects.

Madagascar: Telma launches new credit and saving mobile money services with Mvola Avance


 | Source: Ecofin Agency

On November 7, 2017, mobile telecom operator Telma has launched a new financial service backed to its MVola Mobile Money service, “Mvola Avance”, which includes savings and loan offers.

Kenya: Gulf African Bank and Safaricom to launch in 2018 Mobile Money based Islamic finance service


 | Source: Ecofin Agency

Gulf African Bank (GAB), Islamic bank operating in Kenya, and the leading local telecoms operator Safaricom, will launch by March 2018, M-sharia, a platform that will offer sharia-compliant services via mobile.

Nigeria: FCMB Charges Youths to Save for the Future


 | Source: The Guardian; All Africa

First City Monument Bank (FCMB), has tasked youths in Nigeria to key into the financial system by adopting savings culture and other financial management techniques that would help secure their future.

Ethiopia: Dashen Embarks On Interest-Free Banking Service


 | Source: Addis Fortune; All Africa

Following the finalisation of its headquarters, Dashen Bank is to embark on interest-free banking (IFB) services after getting approval from the National Bank of Ethiopia (NBE) on October 25, 2017.

Nigeria: Fintechs Urged to Enhance Financial Inclusion


 | Source: This Day; All Africa

The Central Bank of Nigeria (CBN) has urged financial technology (fintech) companies to come up with more solutions that would bring more people into the banking system.

Rwanda: KCB Bank Unveils Mobile Micro-Credit Facility


 | Source: The New Times; All Africa

It will now be easy for KCB Bank Rwanda customers to access small loans to cater for emergencies or restock thanks to the bank's new mobile credit facility.

Algeria: Three public banks to start offering Islamic finance services before the end of 2017


 | Source: Ecofin Agency

In Algeria, three public lending institutions, namely the Banque de l’agriculture et du développement Rural (BADR), the Caisse Nationale d’Epargne et de Prévoyance (CNEP) and the Banque de Développement Local (BDL) will start offering Islamic finance services before the end of the year.

Tanzania Women Bank Disburses Sh120bn Loans to 86,000 Women


 | Source: The Citizen; All Africa

Tanzania Women Bank has since 2007 issued a total of Sh120 billion worth credit to 86,000 women, according to its director general Mr Japhet Justine.

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