African Financial Sector News
Proparco, a subsidiary of the French Development Agency, has granted a $50 million (€36.8 million) loan to the pan-African banking group Ecobank.
Kilimo Salama, an agricultural insurance initiative, has urged banks to consider micro-insurance policies as collateral to facilitate access to credit to rural farmers.
The Bank of West African Mutual Institutions (BIMAO) announced its intention to focus its 2014-2017 strategy on the financing of small and medium-sized enterprises (SMEs) as well as decentralized financial systems (SFD) in the West African Economic and Monetary Union (WAEMU).
Tanzania's banking sector contributes little to the economy despite its improved stability and continued growth, said Bank of Tanzania's (BoT) governor Benno Ndulu.
The Bank of Ghana (BoG) said on Wednesday (27 November) that the number of loans - whether granted to households, or small, medium and large enterprises - has decreased in 2013.