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IFC Supports Nigeria’s FCMB to Finance SMEs Facing COVID-19 Related Challenges

IFC announced a $50 million loan to Nigeria’s First City Monument Bank (FCMB) Limited to help it expand lending to small and medium enterprises (SMEs) so they can sustain business activities disrupted by the COVID-19 pandemic.

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Visa and TerraPay Partner to Drive Domestic Remittances

TerraPay and Visa have today announced a strategic partnership that aims to develop and deliver payment solutions to drive financial inclusion and cashless transactions for domestic payments in Kenya and global remittances to Kenya.

News

COVID-19: FNFI Backs Nine Microfinance Institutions

The National Fund for Inclusive Finance is putting in place mechanisms to support its partnering microfinance institutions amidst the COVID-19 crisis. 

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AFC and GIZ Develop Tools for Financial Sector of Mozambique to Respond to COVID-19 Crisis

Guidelines intended to provide guidance on how to overcome the current crisis, generally make financial services business more resilient and to sustain/grow in the new reality. 

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Nampost Gets Concessional Loan of N$235 Million to Microfinance Pensioner Services

Public financial institution, the French Development Agency disbursed a concessional loan of N$235 million loan to finance the growth of NamPost’s microfinance business, specifically targeting NamPost’s microfinance activities aimed at pensioners.

News

How AMIR Has Fostered Consumer Protection Practices Amidst COVID-19

In effort to safeguard employees and clients, the Association of Microfinance Institutions in Rwanda (AMIR) instituted various measures to raise awareness about the virus and control its spread in the industry.

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Bank of Ghana Report Shows That Banks Withstand COVID-19 Shocks, SDIs Hit Hard

A new report by the Bank of Ghana (BoG) has indicated banks have been able to withstand the COVID-19 pandemic.

News

MTN Bolsters Mobile Financial Services Business During COVID-19

MTN today said the spread of Covid-19 epidemic has accelerated the adoption of mobile financial services in Africa.

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Sudan Embraces Digital Payments to Build a More Inclusive Economy

Sudan Joins United Nations’ Better Than Cash Alliance to Drive Financial Inclusion and Transparency

News

Nigeria: Banks Offering Access to Low Interest Funds

As part of measures to cushion the impact of the coronavirus pandemic, the Chief Executive Officer of FirstBank Nigeria, Dr. Adesola Adeduntan, has disclosed that banks are currently offering customers access to low interest funds.