In 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.
Banking & Finance
Fresh impetus for the Nigerian banking sector
The 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.
Expanding on microfinance
Artisans are receiving microfinance loans from the international online retailer NOVICA, fully funded by customers through the a new peer-to-peer microfinance lending site.
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.
p>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.Investing in an African future
Aureos Capital has launched a new private equity fund for Africa, the Aureos Africa Fund (AAF) after raising US$322.8mn to support small and medium sized enterprises and growth across the continent.
p>Aureos Capital has launched a new private equity fund for Africa, the Aureos Africa Fund (AAF) after raising US$322.8mn to support small and medium sized enterprises and growth across the continent.More Articles …
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