The importance of risk management mechanisms and with it microinsurance has grown tremendously over the past couple of years. Whereas all different stakeholders involved in financial sector development have focused on credit in the earlier days and later on as well on savings and payments, nowadays insurance is generally mentioned at the same time with the more traditional financial services and products. Its importance for poor people’s lives and in the alleviation and prevention of poverty has been recognized widely. Read More.
30.05.2013 | IFC launches €300 million investment fund for SMEs in North Africa
The International Finance Corporation (IFC) has launched an investment fund worth $400 million (€308.5 million) to support small and medium-sized enterprises (SMEs) in the Middle East and North Africa.
29.05.2013 | AfDB and Commerzbank join forces to boost trade finance in Africa
The African Development Bank (AfDB) has signed on May 22nd an Fcfa50.7 billion (€77.3 million) Unfunded Risk Participation Agreement (RPA) with Commerzbank in a bid to boost trade finance in Africa.
28.05.2013 | New €200 million credit line to support SMEs set up in Morocco
The Deposit and Management Office of Morocco (CDG) and the KfW Development Bank have signed a cooperation agreement this week regarding the establishment of a credit line to finance Moroccan small and medium-sized enterprises (SMEs).