Adehyeman launches a warehouse receipt program with 4 other savings and loans companies

Adehyeman Savings and Loans Limited (“ASL”) the leading regulated Financial Institution in the Ghanaian Savings and Loans category in the market. The business has the legal and regulatory mandate to receive deposits and offer loans to businesses, groups and individuals. The business is headquartered in Accra with 9 branches and 35 micro-lending offices in Greater Accra, Eastern, Ashanti, and Central Regions of Ghana. The branches offer comprehensive financial services to individuals and micro and small enterprises while the micro-lending offices focus on group lending. The International Finance Corporation (IFC) Ghana Warehouse Receipt System (WRS) project in collaboration with the Ghana […]

Yabx Technologies Partners with SC Ventures to Expand Access to Financial Services in Africa

Yabx, a mass-market digital lending platform, has entered a partnership agreement with SC Ventures to expand access to financial services in Africa. SC Ventures is Standard Chartered’s innovation, fintech investment, and ventures arm. Yabx has created an ecosystem of payment providers, merchant aggregators, e-commerce players, online retailers, mobile network operators, and financial services providers to acquire and underwrite customers. This enables Yabx to scale exponentially since all products are digitally created, managed, and distributed by Yabx. Yabx is a company, to address a deep-rooted need for responsible consumer finance in Africa. Africa has over 700 million mobile wallets and about […]

Verdant Capital Inclusive Financial Institutions Survey for FY2022

Verdant Capital’s Inclusive Financial Institutions (“IFIs”) Survey for FY2022 captures the effect of key macroeconomic conditions, including increased interest rates, currency volatility and inflation, and responses by IFIs. The survey also looks at how IFIs have responded to the ‘new normal’ brought about by the Covid-19 pandemic. This report summarises the survey’s key takeaways.  83% of respondents indicated that they felt the impact of increased USD and domestic currency interest rates in 2022. 30% of respondents have restructured or renegotiated any of their borrowings with lenders. 17% of respondents reported that they had challenges repatriating foreign currency debt service payments. […]

Verdant Turns 10 Today

Verdant Capital turns 10 today. We would like to thank all our clients and partners for the great decade we have enjoyed. We look forward to the next decade of successful collaboration. #VerdantCapital #10thanniversary #VerdantCapital@10years