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News

Driving Women’s Financial Inclusion in Nigeria by Leveraging Agent Networks

The Central Bank of Nigeria, supported by the Alliance for Financial Inclusion, developed and launched the Framework for Advancing Women’s Financial Inclusion in Nigeria, aiming to close the gap by 2024.

News

Software Group Launches Fast-Track Agency Banking to Accelerate Race to Reach Nigeria’s Unbanked

In a statement issued on Thursday, the group said the launch would provide solution to the lack of easily accessible bank branches across the country which has affected about 38 million of unbanked Nigerian adults.

News

Mercy Corps, LAPO Microfinance Bank Sign 200 M Empowerment Scheme in Nigeria

The scheme is designed to make credit facilities accessible to 90,000 low-income households comprising smallholder farmers and microenterprises in Northeast states of the country.

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Lipa Payments Supports Financial Inclusion in Africa With Digital Payments

The company aims to solve the problem of informal areas not having access to payments systems in the digital age.

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Global Development Finance Coalition Commits Over $5.5 B for Micro, Small & Medium Enterprises (MSME) Financing in Africa

The coalition said it had exceeded its initial target by 40 percent, while development finance institutions jointly committed over $5.55 billion of financing of MSMEs in Africa over the period.

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Payrail Agency Partners With Mercy Corps to Revolutionize Financial Inclusion in Nigeria

With this launch and with an ongoing collaboration with Mercy Corps, Payrail Agency hopes to offer a bouquet of services to solve diverse business needs and challenges of small holder farmers.

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Reducing Climate Risks - AFC Assists Malagasy to Insure Themselves Against Income Losses

The overall program objective is to increase the productivity of the participating actors in the agricultural value chains particularly affected by climate change.

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Symbiotics Capacity Building Deploys for REGMIFA TA Facility a SME Finance Project in “Compact With Africa” Countries With Funding From KfW

It has gathered over $18 million in donor funding for deploying over 140 technical assistance projects, ranging from governance, product development, sustainability, social performance, digital financial services, green energy and agriculture finance.

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Financial Systems Development in Mozambique - One More Project Extension From GIZ and EU to AFC

This very important commitment brings the duration of the advisory services provided by AFC to a total of nine years, with a total contract value of EUR 3.4 million.

News

Finclusion Raises $20M to Build Out Credit-led Neobank Offering Across Africa

The fintech that uses AI algorithms to provide financial services to African customers via an array of credit-centric products has raised $20 million in debt and equity pre-Series A financing.