I&M Bank Rwanda CEO steers lender towards enhancing MSME support

  • 📰 TheAfricaReport
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 55%

Business News

After 10 months in the role, Benjamin Mutimura has agreed partnerships with FMO and Mastercard that introduce portfolio guarantees, enabling lending to underserved micro, small and medium enterprises without collateral demands – a milestone for financial inclusion.

, Benjamin Mutimura says his highest moment has been steering the bank towards two strategic partnerships, geared towards de-risking lending to high-risk micro, small and medium enterprises which are often locked out of formal financial services owing to an abundance of caution by formal lenders.Egypt: Investor frenzy, floating currency stoke boom-bust cycle

Despite increased foreign investment in Egypt, domestic growth remains weak. Analysts say the country needs to break out of the cycle in which public ...Several fintechs in Nigeria have stopped taking on new customers following a directive from the central bank to curb illicit financial flows.This week’s US-Africa Business Summit kicked off on 6 May with the official launch of the Tanzanian trade office in Dallas, a binational initiative th...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 29. in LOANS

Loans Loans Latest News, Loans Loans Headlines