| Source: The Monitor; All Africa
The study also shows that almost 80 per cent of the potential market is in rural areas and as such costs will play a great role in determining the success of this model.
The Bank of Mozambique has increased the shared capital required for commercial banks from 70 million meticais (about US $1.05 million) to 1.7 billion meticais ($25.6 million dollars).
The syndicated facility will increase access to finance for local SMEs
The $450million credit facility includes a 3-year $150 million unfunded risk participation agreement or guarantees and a 4-year $300 million for trade finance.
European Investment Bank (EIB) has signed two long-term credit facilities with Equity Holdings Group and Housing Finance30.03.2017
This is to support the growth of small and medium enterprises (SMEs) in Tanzania, DRC, Uganda and Kenya.
The investment will allow MSMEs to access card-based payments and develop digital data records.
The merger is to enable the banks to meet the capital requirements of Malawi's apex bank.
The monetary decision is aimed at reducing borrowing costs and spurring economic growth.
This is to support private sector and small and medium-sized enterprises in West Africa.
The Pan-African lender has persuaded regulators in 25 of the 33 African markets where it holds a banking licence to allow citizens to quickly and easily open bank accounts via their mobile phones