African Financial Sector News
European Investment Bank (EIB) has signed two long-term credit facilities with Equity Holdings Group and Housing Finance30.03.2017
This is to support the growth of small and medium enterprises (SMEs) in Tanzania, DRC, Uganda and Kenya.
The fund will follow fintech innovations aimed at enhancing access to financial services
According to WorldRemit, mobile to mobile remittances accounts for 93 percent of WorldRemit transactions to Kenya
The investment will allow MSMEs to access card-based payments and develop digital data records.
The bond can be bought via mobile phones and offers a higher interest rate than offered by commercial banks.