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The do’s and don’ts of agent banking
Agent banking is now a buzzword in the banking industry. Its importance is immense in paving the way for financial inclusion. But, many of us, including bankers, still do not have a clear perception of agent banking, its services, risks and responsibility and other regulatory issues.
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World Bank to Spend $8 Billion on Nigeria Over Four Years
The World Bank said it will provide Nigeria with projects worth $8 billion targeting job creation, social services and governance as part of its new country partnership strategy with Africa’s largest economy.
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- Region
- Sub-Saharan Africa
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Weekly Roundup – 4/25/14: Ringing the Bell on Social Enterprise, Remembering Rana Plaza
Each week the New York Stock Exchange invites a different group to ring the opening and closing bells to start and stop the day’s trading. On Monday, a new group did the honors: representatives from the U.S. National Advisory Board (NAB) to the Social Impact Investment Task Force. While the bell ringing is purely symbolic, the symbol is important nonetheless: Impact investing has moved from the fringe to the mainstream – or at least mainstream recognition.
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African Development Bank’s SME Program: Enhancing Inclusive Growth and Job Creation in Africa
The Board of Governors of the African Development Bank Group (AfDB) through its private sector window has approved a US $9 million line of credit (LOC) equivalent in Mozambique metica (MZN) to Moza Banco.
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In Zimbabwe, Econet and Western Union to integrate money transfer systems
ECONET Wireless has entered into a commercial arrangement with global money transfer agency Western Union that will enable people to send money from abroad to account holders of its mobile money transfer platform EcoCash. This means EcoCash account holders will not need to physically visit Western Union branches to receive money sent through the money transfer agency.
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OPINION: Indian government and RBI should end their indecisiveness on financial inclusion
Perhaps on no issue have the finance ministry and the Reserve Bank of India (RBI) been in concordance over the past several years - except for financial inclusion.
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Why are Africans Getting Ripped off on Remittances?
Four factors combine to drive up charges. The first is limited competition.
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- Sub-Saharan Africa
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Technology Exists to Lower Kenya’s Money Transfer Costs
Kenyans living abroad could soon send money back to their families and friends in the country at lower costs.
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- Uncategorized
- Region
- Sub-Saharan Africa
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