Banking & Finance

Mauritian bank launches SA expansion drive

Mauritius-registered AfrAsia Bank has announced the start of an African regional expansion drive, with initial focus on South Africa.

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Developing emerging microfinance institutions

UnitusinField2_highres_1024pxIn their ongoing effort to empower the world’s poor through microfinance, international nonprofit Unitus, Inc., the Overseas Private Investment Corporation (OPIC), and Citi have finalised a $15mn credit facility that will help foster growth among high-potential microfinance institutions (MFIs) and create more opportunities for families working their way out of poverty.

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Fresh impetus for the Nigerian banking sector

Central_bank_AbujaThe recent reforms in the Nigerian banking sector have received a vote of confidence with the signing of a 240mn euro loan deal between the European Investment Bank (EIB) and three Nigerian banks.

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Expanding on microfinance

a1447_3Artisans are receiving microfinance loans from the international online retailer NOVICA, fully funded by customers through the a new peer-to-peer microfinance lending site.

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UK government provides support for m-banking

The UK Department for International Development (DfID) has committed £8mn to a technology programme run by microfinance group CGAP designed to increase access to financial services for the poor.

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