Mesofinance Media - News #North AfricaMesofinance Media - News #North Africahttps://www.mesofinance.org/news/tag/north-africaSat, 03 Jan 2026 06:21:33 -0800http://zoho.com/sites/<![CDATA[16th Annual Sanabel Conference \ 14-15 May \ Dead Sea, Jordan]]>https://www.mesofinance.org/news/post/16th-annual-sanabel-conference-14-15-may-dead-sea-jordanConference on microfinance in Arab countries.]]>
Originally scheduled to take place in November 2023, this event is centered on the effects of global trends on microfinance in Arab countries. Participants will discuss and build strategies on topics such as making microfinance less harmful to the environment, improving risk management, and expanding services to farmers as well as women in all sectors. The day before the main conference begins - May 13 - representatives of Sanad Fund for MSME and the World Bank Group’s International Finance Corporation will offer training on agriculture and climate finance. Founded in 2002 to promote microfinance in Arab countries, Sanabel has since expanded to include 79 members from both Arab and European nations. Sanabel is an NGO headquartered in Egypt, and it is also registered in the US. The general participation fee is USD 1,000, but for Sanabel members and all attendees from Jordan, the fee is USD 800. A further discount of USD 50 per person is applicable for groups of five or more. For more information, you may email info@sanabelnetwork.org or call +20 2 2537 3170 or +20 10 0041 0458.
]]>Thu, 08 Feb 2024 17:33:38 -0500<![CDATA[Moneytrans, IFAD seek to move remittances to Morocco to electronic channel]]>https://www.mesofinance.org/news/post/moneytrans-ifad-seek-to-move-remittances-to-morocco-to-electronic-channelMoneytrans, IFAD Seek to Move Remittances to Morocco to Electronic Channel]]>

The UN’s International Fund for Agricultural Development (IFAD) and Belgium-based Moneytrans Payment Services recently partnered on an effort to encourage migrants from Morocco who live in Europe to use electronic channels rather than cash-based systems to send money home. This can allow migrants to spend less in transfer fees as well as boost access for senders and recipients to savings and credit opportunities. IFAD Program Manager Pedro de Vasconcelos said, “IFAD’s support will promote the digital transition and financial inclusion of a category of migrant workers who are particularly resistant to the idea of using non-cash transaction methods and who know little about the advantages offered by the financial services that would become accessible.” The goal is for 18,000 workers to adopt digital channels for sending money to 31,000 family members, of whom 30% live in rural areas. During 2021, Moroccans living abroad sent USD 10 billion home. Moneytrans serves 140 countries.

Author: Pranav Agarwal

]]>Tue, 09 Jan 2024 15:12:04 -0500<![CDATA[Arab Investment Bank to borrow up to $10m from EBRD for agricultural MSMEs]]>https://www.mesofinance.org/news/post/10m-for-Agri-MSMEs-in-Egypt Egypt's Arab Investment ]]>
Egypt's Arab Investment Bank recently secured access to up to USD 10 million for on-lending to micro-, small and medium-sized enterprises (MSMEs) active in agricultural value chains. EBRD is funding the credit line, part of which is slated to allow the MSMEs to make "climate-resilient investments and [adopt] sustainable practices." The Arab Investment Bank has assets valued at USD 1.9 billion. Thank you to EBRD for this news item.


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