Microfinance Industry Newswire

Firm launches microfinance bank in Enugu to deepen financial inclusion 

6 mins ago African Development Bank (AfDB) has called on African countries to create and adopt homegrown development strategies to address the continent’s economic challenges and drive structural transformation. 7 mins ago The Academic Staff Union of …

Microfinance sector is gaining in resilience

The microfinance sector in India has gone through several ups and downs over the last three decades. These have mostly been on account of external events like demonetisation, introduction of GST, funds flow disruption owing to IL&FS crisis, the Covid …

Oil & Gas Firms, Microfinance Banks Will Now File Returns on FBR Single Sales Tax Return Portal

The taxpayers registered in oil and gas (exploration and production) companies and Microfinance banks would now be required to file their sales tax returns for the tax period November 2024 due in December 2024 and onwards on Single Sales Tax Return. In …

FIT microfinance bank prioritises mortgage loans – Aniagolu

From Magnus Eze, Enugu Chairman of FIT Group of Companies, Chief Loretta Aniagolu, has said that the conglomerate’s FIT Microfinance Bank will prioritise mortgage financing. Aniagolu also said that the bank is not only a game-changer in the financial …

Microfinance and SACCOs urged to embrace digital technologies

Microfinance and SACCOs urged to embrace digital technologies The microfinance and SACCOs sector has been urged to leverage digital technologies in driving growth and sustainability while prioritizing environmental, social, and governance (ESG) factors. …

Single sales tax return extended to oil and gas companies, microfinance banks

The Federal Board of Revenue (FBR) and Provincial Revenue Authorities have jointly decided to expand the scope of the Single Sales Tax Return (SSTR) to include oil and gas exploration companies and microfinance banks.  Taxpayers in these sectors are …

Oil and gas cos, microfinance banks: FBR, all PRAs/Board agree to extend scope of SSTR

ISLAMABAD: The Federal Board of Revenue (FBR) and all the Provincial Revenue Authorities/Board have unanimously agreed to extend scope of Single Sales Tax Return (SSTR) to additional two sectors i.e. oil and gas (exploration and production) companies …

How Microloans Empower African Women And Transformed A Mom's Career

Microloan produced new Afrcian business ownerRebekah Acker Have you ever been so deeply touched that you decided to do something to make a difference? Rebekah Acker had her epiphany after being a stay-at-mother for 16 years. Her father Rex Holt, a pastor …

Microfinance stress not alarming, says RBI deputy governor Swaminathan

The Reserve Bank of India (RBI) believes that the stress in microfinance loans is not alarming, deputy governor Swaminathan J said on Friday, even as data showed rising repayment delays by borrowers. Swaminathan said it was not surprised by the rise in …

Tanzania’s ClickPesa launches financial platform for microfinance institutions

Tanzanian startup ClickPesa has launched ClickPesa MFI, a financial platform aimed at microfinance institutions (MFIs) that helps to better service small and medium-sized enterprises (SMEs) and women-owned businesses. Launched in 2016 by Richard Lema and …

Wetech Industry Limited seeks N500 million in damages against Mega Microfinance Bank over alleged credit fraud 

Wetech Industry Limited has asked the High Court of the Federal Capital Territory (FCT) to impose N500 million in general damages against Mega Microfinance Bank Limited for allegedly unlawfully obtaining and possessing a credit report against it through …

Microfinance: Stricter Lending Norms Will Pose Challenges to Near-term Performance, Says ICRA

Following two years of robust expansion, the microfinance sector is facing challenges stemming from borrower over-leveraging, socio-political disruptions and operational challenges related mainly to employee attrition. Further, the sharp increase in the …

Analysts have shown how much the population of Ukraine owes on microloans (INFOGRAPHICS)

11 0 Photo – censor.net As reported by NBN with reference to the analytics of the OpenDataBot resource, over the course of 9 months of the current year, Ukrainians were issued 5.9 million microcredit funds in the amount of UAH 37.11 billion, and if we …

Microfinance sector faces profitability squeeze in FY25 amid rising credit costs & tighter lending practices: ICRA

Igbo women task FG on employment opportunities for PWD

From Jude Chinedu, Enugu Igbo women have appealed to both federal and state governments to create more employment opportunities for Persons With Disabilities (PWD). They also emphasised the importance of providing microcredit facilities to enable these …

BISP Kafaalat new payment 13,500 from January 2025; minimum points for registration

LAHORE – The beneficiaries of Benazir Income Support Program (BISP) are all set to see an increase of Rs3,000 in their quarterly payment, starting from January 2025 in Pakistan, under the BISP Kafaalat initiative. Currently, the registered families are …

Will Misri Be Able To Solve The Mess In Bangladesh?

Munni Saha, a gutsy television journalist from Bangladesh who earlier headed ATN News was a few days back caught at Dhaka’s Karavan Bazaar by a mob of Jamaat-I-Islami Bangladesh supporter and accused of supporting the “murder of student demonstrators” in …

Accion MfB Disburses N33bn to MSMEs, Targets Branch Expansion

Sunday Ehigiator Accion Microfinance Bank has revealed that it disbursed over N33 billion in loans to Medium Small and Micro Enterprises (MSMEs) in 2024, as it aims to increase the number to N60 billion in 2025, establish a presence in four new states, and …

Financial Resilience and Innovation – an Indian Perspective

– By CA (Dr) Swati Godbole In the changing field of economic growth, the connection between financial strength and new ideas has become an important area of research, especially in India. As the country deals with quick technological changes, different …

Centennial Tansen Samaroh: A Celebration of India's Musical Legacy

UNESCO-designated Music City Gwalior to Host Historic 100th Edition BHOPAL, MADHYA PRADESH, INDIA, December 9, 2024 /⁨EINPresswire.com⁩/ -- The Tansen Samaroh, a prestigious festival celebrating the life and legacy of Mian Tansen, will mark its …

State Representative Dr. Joseph Orgeron Highlights Port Fourchon’s Role in Offshore Energy as Argent LNG Moves Forward

PORT FOURCHON, LA, UNITED STATES, December 9, 2024 /⁨EINPresswire.com⁩/ -- State Representative Dr. Joseph A. Orgeron, District 54, reflected on Port Fourchon’s remarkable growth and its critical role in supporting offshore energy infrastructure as …

Danta Vaughn Launches a Human Capital 360 Growth System to help Entrepreneurs Revolutionize their Financial Footprint

Human Capital 360 is the Launch of a Personal Development and Financial Growth System Aimed to help 1 Million Entrepreneurs incrementally grow 360 degrees. MD, UNITED STATES, December 9, 2024 /⁨EINPresswire.com⁩/ -- Danta Vaughn is the CEO of …

GULF COAST INTERNATIONAL PROPERTIES® AGENT TAYLOR CANADA AWARDED LUXURY REALTOR OF THE YEAR

NAPLES, FL, UNITED STATES, December 9, 2024 /⁨EINPresswire.com⁩/ -- Gulf Coast International Properties® (GCIP) is proud to announce Realtor Taylor Canada has been named 2024 Luxury Realtor of the Year by Naples Real Producers magazine. The …

Renaissance Advisory Helps Businesses Save Millions with Innovative Tax-Saving Strategies

Renaissance Advisory helps businesses save millions with innovative, no-risk tax-saving strategies like Section 125 plans. MANHATTAN, NY, UNITED STATES, December 8, 2024 /⁨EINPresswire.com⁩/ -- Renaissance Advisory has established itself as a …

Várri Consultancy Earns Gold in Middle East Risk and Compliance Rankings

Recognised for its growing expertise, Várri Consultancy has progressed from Bronze to Gold in just one year. DUBAI, UNITED ARAB EMIRATES, December 9, 2024 /⁨EINPresswire.com⁩/ -- Várri Consultancy, an independent boutique consulting firm, has …

Global Generative AI in Financial Services Market Set For 31.0% Growth, Reaching $4.24 Billion By 2028

The Business Research Company’s Early Year-End Sale! Get up to 30% off detailed market research reports—for a limited time only! LONDON, GREATER LONDON, UNITED KINGDOM, December 9, 2024 /⁨EINPresswire.com⁩/ -- The Business Research Company’s Early …

Global Generative AI In Banking And Finance Market Set For 34.7% Growth, Reaching $4.27 Billion By 2028

The Business Research Company’s Early Year-End Sale! Get up to 30% off detailed market research reports—for a limited time only! LONDON, GREATER LONDON, UNITED KINGDOM, December 9, 2024 /⁨EINPresswire.com⁩/ -- The Business Research Company’s Early …

Global Generative Artificial Intelligence (AI) In E-Commerce Market Set For XX% Growth, Reaching XX Billion By 2028

The Business Research Company’s Early Year-End Sale! Get up to 30% off detailed market research reports—for a limited time only! LONDON, GREATER LONDON, UNITED KINGDOM, December 9, 2024 /⁨EINPresswire.com⁩/ -- The Business Research Company’s Early …

Staque joins NVIDIA Inception Program - Que Autopilots to Use NVIDIA Infrastructure

The prestigious program provides access to state-of-the-art AI technologies and commercial opportunities through NVIDIA CALGARY, ALBERTA, CANADA, December 9, 2024 /⁨EINPresswire.com⁩/ -- Staque, a leader in artificial intelligence, high- …

BlacknificentAF, A Black Owned Apparel Brand, Celebrates African American Lifestyle With Fashion & Lifestyle Products

STEVENSVILLE, MD, UNITED STATES, December 8, 2024 /⁨EINPresswire.com⁩/ -- With its clothing inspired by various shades of humanity, BlacknificentAF, a Black-owned company with a proud Maryland origin, is generating a buzz in the fashion and …

Storytelling Charts Now Enhanced with AI Features to Streamline Presentation Creation and Design

Free PowerPoint plugin now includes AI features for faster slide creation, improved design, and better content quality. CAMBRIDGE, MA, UNITED STATES, December 8, 2024 /⁨EINPresswire.com⁩/ -- Business Model Hackers today announced an update to …

China Medical System: First Prescriptions for Innovative Drug Lumeblue® Issued in China

SHENZHEN, CHINA, Dec. 08, 2024 (GLOBE NEWSWIRE) -- On 6 December, China Medical System Holdings Limited (“CMS” or the “Group”) is pleased to announce that the first prescriptions for the innovative drug Lumeblue® (Methylthioninium Chloride Enteric-coated …

Value Chains, Rural Areas, Nutrition-Centered Food Systems Key to Food Security in Lao PDR: ADB Report 

VIENTIANE, LAO PEOPLE’S DEMOCRATIC REPUBLIC (9 December 2024) — The Lao People’s Democratic Republic (Lao PDR) can improve health and food security by strengthening agricultural value chains, supporting rural areas, and scaling up nutrition-centered food …

ADB, Merchant Finance Sign Agreement to Support Inclusive Finance in Fiji

MANILA, PHILIPPINES (9 December 2024) — The Asian Development Bank (ADB) and Merchant Finance Pte Limited (MFL) have signed loan and grant agreements to boost access to finance for women-owned and led small and medium-sized enterprises (SMEs) in Fiji. ADB …

ADB, Asialink Sign Deal to Boost Women-Owned Businesses in Philippines

MANILA, PHILIPPINES (9 December 2024) — The Asian Development Bank (ADB) has signed a $115 million (in Philippine peso equivalent) financing package with Asialink Finance Corporation to expand its working capital and support small and medium-sized …

Edward Andrews Digital Design Agency Announces Launch of AI-Powered Marketing Solutions for Small Businesses

BRISBANE, QUEENSLAND, AUSTRALIA, December 9, 2024 /⁨EINPresswire.com⁩/ -- Eddie Andrews Digital Design Agency is excited to announce the launch of their new AI-powered marketing solutions for small businesses. This innovative technology will …

SMS One-Time Passwords no longer enough to fight Australia’s AI-driven fraud, says Visa

AUSTRALIA, December 9, 2024 /⁨EINPresswire.com⁩/ -- Visa, a world leader in digital payments, today announced it will require Australian financial institutions to move away from SMS One-Time Passwords (OTPs) as the sole factor for payment …

Cake Digital Bank - First Digital-Only Bank In Vietnam To Announce Profitability Milestone After 3.5 Years Of Operation

HOCHIMINH CITY, Vietnam, Dec. 09, 2024 (GLOBE NEWSWIRE) -- Cake Digital Bank, Vietnam's pioneering digital bank, announced it has achieved a remarkable milestone, becoming the first digital-only bank in Vietnam to attain profitability merely 3.5 years …

APRA to phase out AT1 as eligible bank capital

The Australian Prudential Regulation Authority (APRA) has confirmed it will phase out the use of Additional Tier 1 (AT1) capital instruments to simplify and improve the effectiveness of bank capital in a crisis. Following an extensive consultation process …