Banking & Finance

Financing for Uganda’s farmers

Stanbic Bank Uganda has teamed up with the Alliance for a Green Revolution in Africa and Kilimo Trust to create a US$25mn fund for smallholder farmers and agricultural businesses previously considered too risky for lending.

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Millions for key developmental project in Burkina Faso

Abu Dhabi Fund for Development (ADFD) has signed an agreement to provide AED36.73mn (US$10mn) as a concessionary loan to Burkina Faso's government.

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Moving into mobile financial services

The world's biggest handset manufacturer Nokia has teamed with Obopay to launch a mobile financial management and payments service targeted at unbanked people in developing countries.

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Investment in agriculture

The Food and Agriculture Organization and the Islamic Development Bank have reached a $1bn agreement to fund agricultural development.

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The power of mobile money

Once the toys of rich yuppies, mobile phones have evolved in a few short years to become tools of economic empowerment for the world’s poorest people.

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