African Financial Sector News

European Investment Bank (EIB) has signed two long-term credit facilities with Equity Holdings Group and Housing Finance

30.03.2017

This is to support the growth of small and medium enterprises (SMEs) in Tanzania, DRC, Uganda and Kenya.

Accion, Quona Capital extend $141million for fintech innovations to Sub Saharan Africa

29.03.2017

The fund will follow fintech innovations aimed at enhancing access to financial services

Kenyans in diaspora are the biggest senders of mobile to mobile remittances, says WorldRemit

28.03.2017

According to WorldRemit, mobile to mobile remittances accounts for 93 percent of WorldRemit transactions to Kenya

IFC invests $30 million into payment infrastructure across MENA

27.03.2017

The investment will allow MSMEs to access card-based payments and develop digital data records.

Kenya sells bond over mobile phones

24.03.2017

The bond can be bought via mobile phones and offers a higher interest rate than offered by commercial banks.

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