All News and Announcements

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News

WB Approves $200M to Help Poor Urban Youths, Migrant Returnees

The Recovery and Advancement of Informal Sector Employment project will help about 175,000 poor urban youths and low-income microentrepreneurs enhance employability and productivity.

News

YCASH Door to Door Payment Method as a Response for COVID-19 and Humanitarian Context in Yemen

The National Cash Transfer Company piloted the Door to Door Payment method as a response to the new challenging context and a preventive measure for coronavirus-related risks.

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Former Hong Kong Bourse Chief LI Plans New Microfinance Platform in 2021

Li told Reuters in an interview that in “traditional finance” investing in SMEs was rarely worthwhile for global institutions as the due diligence was difficult, risks were high and funding amounts small.

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IFC, SANAD, BIO, Symbiotics Announce Loan to KCB Bank Kenya for Green Projects, SMEs

The loan aims to help the bank increase lending for climate-friendly projects and to smaller businesses, especially those owned by women.

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Jamaica Plans to Launch Central Bank Digital Currency in 2022

The government views the accelerated transition to a digital society and economy as vital to economic recovery following the COVID-19 pandemic. 

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Apply for the EUR 100,000 European Microfinance Award 2021

Application deadline is 13 April 2021, 23:59 pm CET 

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Banque Populaire Launches Microfinance Program for Moroccan Women

The announcement came on International Women’s Day, a worldwide celebration of womanhood and femininity and a focal point in the global movement for women’s rights.

News

Experian and FinScore to Raise Financial Inclusion in the Philippines via Alternative Credit Scoring

Through this partnership FinScore will intensify its focus on delivering alternative credit scoring to help financial institutions reduce high default rates and prevent fraudulent activity.

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Coronavirus Pandemic Spawns Nigeria Banking Agent Boom

Mobile money firms across Africa are ramping up plans to bring banking to millions after the pandemic caused a surge in the use of digital financial services.

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Growth of Digital Wallets and Contactless Payments Set to Explode

A new study has found that total spend through digital wallets will exceed $10 trillion in 2025, up from $5.5 trillion in 2020.