It will support the expansion of CABS as a provider of trade finance to local firms.
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The investment firm wants to build a leading sub-Saharan financial institution.
The MasterCard Foundation Fund for Rural Prosperity Announces Winners of 2015 Scaling Competition and Launches 2016 Competition
Five companies receive more than US$10.6 million to increase financial inclusion for nearly eight million poor people in rural Africa
It has received an agreement from CIMA.
The Ivorian authorities are looking to stimulate investment in Ivory Coast.
It will look at ways to deliver financial services to Africa's unbanked population.
The facility was set up to help banks under liquidity pressure.
This donation is part of a broader envelope of $230 million.
A new study reveals that the penetration of bank credit is low in the country.
It will support viable projects that meet the bankability tests of financiers.
Kenya Commercial Bank (KCB) acquired a majority stake in the bank last Friday.
Migrants sent more than $35 billion last year.