Access to Finance News

Nigeria: EIB, AfDB to Finance Development Bank of Nigeria With $70 Million


 | Source: Premium Times; All Africa

The European Investment Bank (EIB) and the African Development Bank (AfDB) have agreed to support the new Development Bank of Nigeria (DBN) with $70 million.

Nigeria: mobile money struggles to find its brands


 | Source: Financial Afrik

Only 1% of penetration rate, it is the sad score that realized the service mobile money in Nigeria after five years of activities in the country. A very low score that affects only about two million of Nigeria’s estimated 198 million people.

Kenya: KCB Bank Signs Deal With GDC to Offer Affordable Mortgage Financing


 | Source: Capital FM; All Africa

KCB Bank Kenya and Geothermal Development Company (GDC) have entered into a partnership that will enable employees of GDC across the country access affordable mortgage financing from the Bank.

Ghana: Mobile Banking Revenues to Hit of U.S.$1.5 Billion


 | Source: Business Day Ghana; All Africa

Cellphones and rising connectivity in Ghana and other parts of Africa will give rise to a new market in mobile financial services, creating explosive opportunities for business on the continent, according to research.

Morocco: Banque Centrale Populaire Group Launches BPAY Mobile Payment Solution


 | Source: Financial Afrik

Engaged in the framework of the national strategy of financial inclusion, the group Banque Centrale Populaire launches, this Monday, April 16th, its solution of mobile payment “BPAY”.

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.

PayPal, Safaricom and TransferTo Announce Collaboration in Kenya


 | Source: Financial Afrik

New service enables global e-commerce on the African continent and allows M-PESA users in Kenya to shop with PayPal merchants worldwide and allow Kenyan online businesses and freelancers to sell securely and transfer funds between their PayPal and M-PESA accounts.

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).

Rwanda Bourse Rolls Out an SME Segment


 | Source: The EastAfrican; All Africa

Rwanda Stock Exchange plans to roll out new products to infuse liquidity and activity in an increasingly bearish market. The RSE is betting on the Small and Medium Enterprises Market (SMEM) segment to drive business in 2018.

Zimbabwe: Agribank Offers Loans On 99-Year Leases


 | Source: The Herald; All Africa

Agribank has set aside a minimum of $105 million for the 2018-2019 cropping season, which would be extended to farmers on the basis of collateral and 99-year leases.

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