This week IFAD launched  the Platform for Remittances, Investment and Migrants’ Entrepreneurship (PRIME) Central Asia Initiative in Kazakhstan, the Kyrgyz Republic, Tajikistan, and Uzbekistan.

iiDENTIFii has formed a close partnership with Zanaco to champion an identity solution relevant to the needs of Zambian consumers and citizens.

The plan is to increase financial inclusion in rural areas from the current 50 percent to 75 percent.

The foundation has announced its disbursal of local-currency loans to Togo-based Assilassimé Solidarite in an amount approximately equivalent to $2.5 million and Agora Microfinance Zambia in an amount approximately equivalent to $1.2 million.

FINCA Impact Finance, a US-based network of financial institutions, recently carried out several campaigns catering to low-income people through its affiliates in Africa and Asia.

Airtel Networks Zambia Plc and the UN Capital Development Fund have announced a partnership designed to bring digital financial services closer to Zambians living in remote areas across the country through Airtel Money.

The collaboration enables UNFCU members to transfer money to mobile wallets in select countries in local currencies.

Microfinance startup Lupiya has received an investment of $1 million from a US Venture Capital fund Enygma Ventures.

As the world continues to face economic turmoil resulting from the COVID-19, communities in Zambia are turning to informal savings groups to cushion the impact of the pandemic.