Financial Capability News

African Trade Insurance to double portfolio to $7bln, by 2022


 | Source: Ecofin Agency

The African Trade Insurance (ATI) agency plans to raise its trade and investment portfolio from $3.5 million (expected at the end of 2018) to $7 billion by 2022. According to Reuters which reported the news June 12, quoting an agency manager, this increase will be driven by financial commitments from about twenty new members.

Zimbabwe seeks $11 billion to modernize mining sector


 | Source: Ecofin Agency

Batirai Manhando, Zimbabwean head of Chamber of mines, announced last May 18, that the country needs $11 billion to upgrade mines and boost production to optimal level over the next five years. This was during an annual meeting of the association, Reuters reports.

2017 Global Findex Report: Africa at a Glance


Measuring Financial Inclusion and the Fintech Revolution

EIB and IMF join forces to build capacity on financial inclusion and stability in Africa


 | Source:

- EIB and IMF establish a new Capacity Development Partnership to promote financial inclusion and stability in Africa

- EIB will support IMF capacity development activities with EUR 3m until the end of 2020

- EIB and IMF to launch online course on financial intermediation and inclusion

Tanzania: Insurance Campaign Targets Students


 | Source: Tanzania Daily News; All Africa

Tanzania Insurance Regulatory Authority (TIRA) has extended its special awareness raising programme among students in various colleges to curb phony business in insurance in Central Zone regions.

South Africa: JSE Aims to End SA's Bad Savings Culture


 | Source: Caj News Africa; All Africa

South Africans are generally not good savers when compared with other countries around the globe.

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.

Angola: Development Bank Promotes Financial Citizenship Campaign


 | Source: AngolaPress; All Africa

The Development Bank of Angola (BDA) is organising on 2-3 October, in the central provinces of Huambo and Bié, the campaign dubbed Diversificar (diversify), which aims to promote sustainable enterprising initiatives by the appropriate utilisation of investment funding provided by banks.

Rwanda: Bank of Kigali in New Drive to Deepen Financial Inclusion


 | Source: The New Times; All Africa

Bank of Kigali says it aims at shooting three birds with one stone through its Bigereho Na BK campaign activated three weeks ago, by, first educating Rwandans on benefits of working with banks, then entice them to open or reactivate accounts and encourage them to save regularly.

Namibia: Nedbank Supports Financial Literacy


 | Source: New Era; All Africa

Nedbank Namibia has become a platform partner of the Financial Literacy Initiative (FLI), which was initiated by the Ministry of Finance back in 2012.

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