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World Food Programme Assesses Mobile Banking Services And Opportunities For Rural Zambians
The World Food Programme (WFP) and partners are conducting a joint assessment of mobile banking services and products for migrant agricultural workers in Zambia. It is expected that better management of household finances will contribute towards increasing...
European Investment Bank Launches Africa’s First Specialist Rural Microfinance Fund Supporting Fair Trade And Organic Small Business
Africa’s first specialist rural microfinance fund supporting fair trade and organic small business, FEFISOL, the European Solidarity Financing Fund for Africa, has been launched by the European Investment Bank, Agence Française de Développement and...
Grand Duchy of Luxembourg Becomes First Donor to Help Replenish the FEMIP Trust Fund
Only a month after the FEMIP Trust Fund announced it was actively seeking resources for its replenishment, the Grand Duchy of Luxembourg became the first donor to officially renew its support.
Reserve Bank Governor of Malawi Calls for Low Banking Fees
The Reserve Bank Governor of Malawi (RBM), Perks Ligoya, has appealed to microfinance institutions not to overcharge their clients when providing banking services.
Microfinance Tied to Economy, MSU-led Study Finds
A nation’s economy plays a surprisingly large role in the success or failure of microfinance — the practice of making small loans to farmers or business owners too poor to provide collateral, according to a study led by a Michigan State University...
IFAD, IDB Sign $1.5b Agreement in Italy to Aid Poorest Member States
The International Fund for Agricultural Development (IFAD) and the Islamic Development Bank (IDB) have signed a landmark $1.5 billion framework co-financing agreement to strengthen their 30-year collaboration in supporting the poorest people in their...
50% Drop in the Number of British Households Without Bank Accounts
The Government and the Financial Inclusion Taskforce have announced that the shared goal to halve the number of adults living in households without access to a bank account has been achieved. The shared goal was agreed in December 2004 between the Government...
Alliance for Green Revolution in Africa Sets Aside $500m to Support Agriculture in Nigeria
The Alliance for Green Revolution in Africa (AGRA) has set aside $500 million to support agriculture financing in Nigeria through the International Fertiliser Development Centre (IFDC). The implementation of the AGRA program began on Friday in Abuja with...
