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N220bn MFBs’ fund to drive development, financial inclusion
The Federal Government is set to launch a N220bn fund to enable Nigerian businesses and citizens that lack access to traditional financial services access such services at a much lower cost.The Governor, Central Bank of Nigeria, Mr. Lamido Sanusi, said this at a press conference on the National Financial Inclusion Strategy in Abuja on Wednesday.
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- Uncategorized
- Region
- Sub-Saharan Africa
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P Chidambaram urges banks to lend more to the poor
By saying banks need to lend more to the poor, Union finance minister P Chidambaram is on the right track. There is no denying that India continues to be a significantly under-banked country. Around 41% of the population is unbanked, with the figure touching as high as 61% in rural areas.
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- Uncategorized
- Region
- South Asia
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Meet The Man Who’s Shaping Africa’s Future
VENTURES AFRICA – Just like the great American civil right activist Martin Luther King Jnr. had a dream of an equal social existence, so did Ghanaian-born entrepreneur, Fred Swaniker, dream to build a Pan-African school that will position the new generation of African youth towards prosperity in future years. His mission was to give the African child a network of successful peers to tap for job opportunities, mentoring and career guidance.
- Categories
- Education, Impact Assessment
- Region
- Sub-Saharan Africa
- Tags
- microfinance
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Release of 2012 MIV Survey – growth stabilizes in spite of lower rates and investor redemptions
Washington D.C., October 16, 2012 – Today MicroRate released The State of Microfinance Investment 2012, which finds that microfinance investment has stabilized into a lower growth rate following the global financial crisis.
- Categories
- Education, Impact Assessment
- Tags
- microfinance, research
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Egypt’s NBD allocates EGP 200 million to finance micro-enterprises
National Bank for Development (NBD) has allocated EGP 200 million towards providing funding for small and micro enterprises, and designed a comprehensive range of funding programmes that are Shari'ah-compliant.
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- Uncategorized
- Region
- North Africa & Near East
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Muhammad Yunus announces financing in Haiti
PORT-AU-PRINCE, Haiti (AP) — Nobel peace laureate Mohammad Yunus announced Saturday that his pro-business development group is financing several endeavors through a mix of loans and equity.
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- Uncategorized
- Region
- Latin America
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Oxfam launches fund to make ‘impact investments’ in the developing world
The overseas aid charity is linking up with the City of London Corporation and Symbiotics to help small and medium-sized enterprises, with the first investment in Mongolia
- Categories
- Impact Assessment
- Region
- Asia Pacific
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Samsung, KWFT pact to boost mobile banking
NAIROBI, Kenya, Oct 10 – Samsung has partnered with local microfinance solutions provider, Kenya Women Finance Trust – Deposit Taking Microfinance (KWFT-DTM) to promote the uptake of mobile technology solutions among women.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- microfinance