All supervised financial institutions, save for one, have granted some kind of credit relief to their clients as a measure to mitigate the impact of Covid-19 on the economy.
Bank of Uganda's financial stability report for June has revealed that only one financial institution, which the report does not mention, has not granted any credit relief because it has not received any applications.
Daily Monitor had by press time not independently ascertained which financial institution it is.
Climate financing by seven of the world’s largest multilateral development banks (MDBs) totalled $61.6 billion in 2019, of which $41.5 billion (67%) was in low- and middle-income economies, according to the 2019 Joint Report on Multilateral Development Banks’ Climate Finance.
Marieme Esther Dassanou is the Coordinator of Affirmative Finance Action for Women in Africa (AFAWA) the African Development Bank’s flagship pan-African initiative, which aims to bridge the $42 billion financing gap facing women entrepreneurs in Africa. She previously led IFC’s Gender Secretariat's work on advancing women's inclusion in the insurance and financial sectors. In this interview, she outlines progress made with the AFAWA initiative and its future plans.
The Central Bank of Kenya has decided to extend for a further 6 months its measure allowing money transactions via mobile phones to be charge-free for users. The money issuing institution says it wants to reduce direct and indirect contacts between people in this context of the global health crisis.