Posts Tagged ‘Ethiopia’

Microfinance Focus, May 25, 2010: Microfinance News Synopsis brings a compilation of industry headlines broadcasted by other news media from across the world. Sanusi: 65% Nigerians Lack Access to Credit Facilities: Central Bank of Nigeria Governor, Alhaji Sanusi Lamido Sanusi ,  yesterday lamented that 65 percent of Nigeria's population does not have access to credit facilities resulting to CBN's move aimed at fine-tuning strategies to ... Full story

Microfinance Focus, March 6, 2010: IFC has launched a series of programs this weekend in cooperation with the central banks of Ethiopia, Mozambique, and Tanzania aimed at increasing the quality of credit reporting in Africa. The lack of credit information hinders banks from widely offering financial services, improved reporting and creditworthiness. IFC has co-hosted a series of regional workshops that brought together central banks, financial ... Full story

Microfinance Focus, Dec. 12, 2009: A $19.5-million loan and a $19.5-million grant has been provided by IFAD to Ethiopia to support the pastoralists and their families. Operations will be extended to 57 districts of the Afar, Oromia, Somali and Southern regions, which account for about 45 per cent of Ethiopia’s pastoral lowlands. After the success of its first phase, the Pastoral Community Development Project will extend ... Full story

By Naagesh, N. Microfinance Focus, Sept. 17, 2009: At its board meeting in Rome, the International Fund for Agricultural Development (IFAD) has approved $161.56 million in loans and $56.26 million in grants for projects helping smallholder farmers adapt to a changing climate and contributing to reductions in greenhouse gas emissions. Full story

By Naagesh, N. Microfinance Focus, August 19, 2009: The International Finance Corporation (IFC), the World Bank's private sector arm, announced on Wednesday that it committed $1.8 billion worth of new investments across 30 countries in Africa in the fiscal year ended June, as it rapidly increased activities to help microfinance and other financial advisory services or guarantees in Africa. IFC’s investments represented a 32% increase over the $1.4 billion in commitments recorded a year earlier. IFC also delivered $26.1 million worth of advisory services, up from $18.6 million a year ago, as it expanded activities to have more impact in countries affected by conflict and where the private sector is at the very early stages of development. Full story