BIO grants €11.5 million to improve SME financing in Mozambique


Banco Comercial de Investimentos (BCI), a commercial bank in Mozambique, received a $15 million envelope (€11.5 million) from Bio to increase the volume of loans granted to small and medium-sized enterprises (SMEs).

Mobile POS Technology introduced in Kenya


MasterCard in collaboration with Equity Bank have announced the introduction of Mobile Point of Sale (MPOS) technology to Kenya, in partnership with MPOS provider Ezetap.

IFAD invests €700,000 for microfinance in Sudan


The International Fund for Agricultural Development (IFAD) has granted on Monday (February 25th) $925,000 (€706,100) to the Republic of the Sudan in a bid to improve access to finance for rural households.

AfDB wants to lower the cost of international money transfers


The African Development Bank (AfDB) has called on remittances operators in Africa to cut costs, particularly on international transfers.

Senegal: BNDE signs an agreement with Adepme


The National Bank for Economic Development (BNDE) of Senegal signed on February 15th a partnership agreement with the Agency for the supervision of small and medium-sized enterprises (Adepme), whose objective is to help labelling businesses and improve SME's access to finance.

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