All News and Announcements

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News

Promoting Financial Inclusion in Egypt

In the frame of this project, AFC, in collaboration with the national statistics office CAPMAS and the Central Bank of Egypt, conducted the first national representative financial inclusion survey in Egypt and build a data set as evidence base and baseline for future monitoring.

News

Aden Bank for Microfinance Is to Launch Its Operations and Contribute to Achieving Financial Inclusion

The bank will work in partnership with local banks and financial institutions using best practices in microfinance for provision of Islamic banking services, and will apply an integrated system of financial and non-financial services to support value and supply chains for MSMEs.

News

Mastercard Opens Fintech, Cybersecurity Innovation Lab in Beersheba

The new center will focus on ransomware, digital identity and authentication, platform security, and fraud prevention.

News

IFC, National Bank of Iraq Partner to Boost Access to Finance for SMEs, Create Jobs

IFC announced an investment for the National Bank of Iraq to support the growth of smaller businesses in Iraq and help them create jobs and overcome challenges, including from COVID-19-related disruptions.

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The Arab Financial Inclusion Innovation Prize (AFIIP) Announces the 2021 AFIIP Winners

This year, in preparation for COP 26 and to bring the environment to the forefront of the entrepreneurial discussion, AFIIP also launched a green prize to provide additional resources to financial innovations that can generate green outcomes. 

News

Agricultural Bank of Egypt Launches New Facilities Through ‘Bab Rizq’ Program

The step is part of the Central Bank of Egypt’s (CBE) initiative to promote financial inclusion for farmers, on the occasion of Egyptian Farmer’s Day.

News

EIB Backs Palestinian Startups With a $50 Million Line of Credit to Bank of Palestine

The European Investment Bank (EIB) extended a $50 million line of credit to Bank of Palestine to support the resilience of the Palestinian private sector through on-lending to local SMEs, as part of Team Europe’s overall response to the Covid-19 crisis.

News

Egypt Eyes Surge in Fintech Investment After New Laws

New legislation and regulatory changes in Egypt are set to unleash a surge in new fintech investments and change the way the country’s largely unbanked citizens do business, industry players say. 

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World Bank Approves $450 Million Loan to Help Morocco Improve Access to Financial Services

The financing is part of a program that supports policy measures to enable the rollout of the country’s social protection program, including the creation of digital IDs and cashless payments as part of cash transfer programs.

News

Tunisia: Islamic Social Financing to Support Efforts to Recover and Rebuild From COVID-19 Pandemic

The initiative will include the International Dialogue on the Role of Islamic Social Financing in Achieving the SDGs, which will launch critical discussions including with global leaders and Islamic institutions on the role of Islamic social financing.