Microfinance News

COFINA launches its first securitization of receivables amounting to 10 billion CFA francs


 | Source: Financial Afrik

The Compagnie Financière Africaine Group (COFINA), the first African institution of mesofinance, announces its first securitization of receivables on the Regional Stock Exchange, the Common Stock Exchange of the eight countries of the region. Economic and Monetary Union of West Africa (UEMOA).

AFSIC 2018


Investing in Africa

Rwanda: Commercial Bank of Africa Officially Launches Rwanda Operations


 | Source: The New Times; All Africa

Commercial Bank of Africa (CBA) yesterday officially unveiled its operations in Rwanda.

Ethiopia: DBE Provides First Ever Loan to Financial Institutions


 | Source: Addis Fortune; All Africa

Development Bank of Ethiopia (DBE), the state policy bank, has for the first time financed a quarter of a billion Birr to four private commercial banks and four microfinance institutions.

Rwanda: Central Bank Urges MFIs to Automate to Reduce Bad Loans


 | Source: The New Times; All Africa

The National Bank of Rwanda (BNR) has called on microfinance institutions (MFIs) across the country to embrace automation and reduce the rate of bad loans before the end of the year.

Kenya: Micro-Finance Banks Face Higher Capital Buffer Rules


 | Source: All Africa

A new proposal backed by the Central Bank of Kenya recommends reviewing microfinance banks minimum capital requirements upwards

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.

Kenya: CBA Plans M-Shwari Loan Rate Cut to Fend Off Rivals


 | Source: Daily Nation; All Africa

Safaricom and Commercial Bank of Africa (CBA) will cut the price of M-Shwari loans to defend market share now under attack from resurgent mobile loan firms.

Rwandans Turn to Microlenders As Banks Tighten Rules


 | Source: The EastAfrican; All Africa

The number of borrowers from Rwandan commercial banks has dropped, as customers migrate to microfinance institutions to avoid the former's stringent credit conditions.

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.

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