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News

Symbiotics Investments Launches $9 Million Social Bond With Agricover Credit IFN SA in Romania

With the issuance of this bond, Agricover reinforces its long-term commitment to sustainable development in Romania, catering to the financing needs of smallholder farmers.

News

Banque Populaire Launches Microfinance Program for Moroccan Women

The announcement came on International Women’s Day, a worldwide celebration of womanhood and femininity and a focal point in the global movement for women’s rights.

News

Bank-Genie Partners With Cufa to Roll-Out Digital Banking for Myanmar Credit Unions

The program will enable credit unions to facilitate loan origination, approvals, disbursements, and deposits digitally.

News

Sri Lanka: ComBank Receives $ 50m Equity from IFC

This is the first foreign equity placement by Commercial Bank, the first post-pandemic equity placement by the IFC and is one of the largest foreign investments into Sri Lanka since the start of the COVID-19 pandemic.

News

India: Microfinance Collections Pick up in July, Shows Industry Data

Banks continue to dominate the microfinance sector accounting for 41 percent of the loan share of the industry.

News

Nigeria: CBN Unveils Palliative Measures to Cushion Impact of Coronavirus on Economy

The measures include a moratorium of one year on all principal repayments as well as interest rate reduction on all applicable CBN intervention facilities from nine to five percent per annum for one year effective 1 March, 2020.