Microfinance News

Microfinance Capacity Building Fund (MCBF)


Promoting transparency and innovation to scale-up and deepen microfinance outreach in Africa

Kenya: The microfinance sector will benefit from the cap on interest rates, says bank CEO


Banks' interest rates are capped at four per cent above the central bank rate.

African Development Bank and MFW4A hold Digital Finance Week


The first AfDB Digital Finance Week (DFW) took place from September 19-22, 2016 in the CCIA Building in Abidjan.

Kenya: New microfinance bank focusing on SMEs


It will also offer Insurance Premium Financing products.

Mastercard grants $12 million to Microcred to strengthen financial inclusion


The program will be implemented in Ivory Coast, Senegal and Madagascar.

Cameroon: AfricInvest to acquire a stake in microfinance institution CCA


The CCA could become a banking institution.

Oradian Continues to Empower Microfinance Institutions in Nigeria With Instafin


Growing number of microfinance institutions are joining the Instafin community - Oradian’s award-winning software which is empowering ‪microfinance‬ institutions to advance ‪‎financial inclusion.

Benin: €10m to boost the microfinance sector


The government wants to help empower young people and women.

Zimbabwe: Central bank urges microfinance institutions to focus on rural areas


It said MFIs are focusing on urban areas to maximise profit.

Nigeria: AfDB signs loan agreement to develop microfinance bank


This envelope will boost SMEs' access to finance in the country.

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