Africa Matters

AfDB to establish entrepreneurship banks for youth

Summary The President of AfDB, Dr Akinwumi Adesina said the banks will access the critical financial resources to income generation projects run by the youth. The African Development Bank (AfDB) is seeking to establish youth entrepreneurship investment banks across the continent. The proposed financial institutions will finance young people’s innovations in creating wealth. This was announced on the sidelines…

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African Banker Awards 2023 nominees announced

The 2023 edition of the prestigious African Banker Awards ceremony is set to spotlight SMEs, women and gender. A new category has been introduced to recognise efforts towards bolstering financial inclusion of women across the continent. African Banker magazine has announced today the shortlist of nominees for this year’s edition of its African Banker Awards. Since their inception in…

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Why smartphones are key to unlocking financial inclusion in Middle East and Africa

Mobile money services are connecting millions of unbanked and underbanked populations in the region to digital financial services The railways were to Europe what the smartphone is now to the Middle East and Africa (MEA). In the nineteenth and twentieth centuries, Europe experienced an economic and social revolution enabled by the ability of manufactured goods and people to travel…

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