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Financial institutions need to come up with products that are relevant with local realities and banking needs instead of adopting products from abroad which fail in the market, Kilimanjaro Regional Commissioner Ms. Anna Mghwira has said.

Overall loans granted by Moroccan commercial banks to the real estate industry stood at 211.7 billion dirhams at the end August 2017, thus a bit more than $22.37 billion. Year to year, this is up 4% compared to 2016.

In Algeria, three public lending institutions, namely the Banque de l’agriculture et du développement Rural (BADR), the Caisse Nationale d’Epargne et de Prévoyance (CNEP) and the Banque de Développement Local (BDL) will start offering Islamic finance services before the end of the year.

Tanzania Women Bank has since 2007 issued a total of Sh120 billion worth credit to 86,000 women, according to its director general Mr Japhet Justine.

Pan-African infrastructure-focused investment fund, Africa50, plans to finance the Ouaga-East thermal power plant, in Burkina Faso. With a capacity of 100MW, the plant will be built near the Ouaga II University.

The other week, I was on the phone with a banker in Guinea.
We were talking about funding SMEs and he told me, “If we lent to an SME, we would ask for at least a 70% guarantee.”
Of course the natural thought is, “Well if someone already had over 70% of the value of a loan in assets, why would they need a loan?”
This is a problem that entrepreneurs across Africa face on a daily basis.

Global Leaders gather in Dar es Salaam for Women's World Banking's Making Finance Work for Women Summit

A new mortgage financing firm, First Housing Company Limited, has been launched bringing into the market new affordable innovative mortgage products.

Proparco and FMO, respectively the French and Dutch Development Finance Institutions, signed a USD 30 million loan to Banque Populaire du Rwanda (BPR), with both providing USD 15 million each.

Kenyan banks seek repeal of interest rate caps

Development Bank of Rwanda avails $700 Million accessible to small and medium entrepreneurs through commercial banks, savings and credit cooperatives.

According to Ugandan expert, unless insurance companies introduce products for low-income earners, who make up a big portion of the country, insurance will maintain the challenge of low penetration in Uganda.