CBE-Hosted Fintech Innovation Sprint Launched to Address COVID-19 Challenges
The initiative comes as part of Egypt’s fintech and innovation strategy that aims to achieve the state’s goals in using technology, as well as promoting innovation and financial inclusion.
EFSE and Vitas Expand Access to Local Currency Financing for Romanian MSEs
Senior loan equivalent of EUR 2 million to be on-lent to underserved local entrepreneurs to sustain small business operations.
New IFC Initiative Helps Banks in Mexico, Philippines, South Africa, Egypt Scale Climate Finance
The program is designed to increase climate lending by participating banks in Egypt, Mexico, the Philippines, and South Africa to 30 percent of their portfolios by 2030.
EasyCash: An Interoperable ePayment Suite Powered by Wallet Factory Launched in Egypt
EasyCash has become the first mobile payment application for Wallet Factory that was made to align with the Egyptian interoperability market standards for QR code-based digital payments and acceptance.
Promoting Financial Inclusion in Egypt
In the frame of this project, AFC, in collaboration with the national statistics office CAPMAS and the Central Bank of Egypt, conducted the first national representative financial inclusion survey in Egypt and build a data set as evidence base and baseline for future monitoring.
IFC’s Investment to Boost Green Housing, Strengthen Capital Markets in Romania
This placement is the first-ever senior preferred bond issuance by Banca Comercială Romana S.A., Romania's second-largest bank.
Tammeyah for Microfinance Services Buys French B2B Marketplace
Tanmeyah, which was founded in 2009, provides working capital for smaller enterprises and reports having 391,000 clients.
CBE Launches Financial Inclusion Strategy 2022-2025
The Central Bank of Egypt formulated the Financial Inclusion Strategy (2022-2025), with the aim of the promotion of financial inclusion and the achievement of economic growth in Egypt.
IFC’s Investment in Romania’s First Sustainability Bond to Catalyze Financial Inclusion, Support Future Resilience
The local currency-denominated senior non-preferred sustainability bonds will help the bank increase its lending to businesses investing in climate-smart initiatives—green buildings, renewable energy, energy efficiency, clean transportation, sustainable agriculture, and others.
IFC Lends Support to UniCredit Leasing to Enhance SME and Climate Financing in Romania
The EUR 27.5 million investment will generate jobs, boost energy-efficiency measures, and help reduce carbon emissions.