The Central Bank of Nigeria (CBN) has set new targets for Nigeria's Microfinance banks in its revised National Financial Inclusion Strategy. With a target of 774 new bank accounts per year in view, the CBN wants each branch of every Microfinance bank to acquire 64 new customers per month. Rogers Nwoke, President of the National Association of Microfinance Banks joins CNBC Africa for more.
Medina Islamic Finance, an Africa-focused digital Islamic micro finance platform, announced a partnership with United Labs to leverage machine learning and data science to further enhance its microfinance digital banking platform. For a breakdown of their strategy CNBC Africa is joined by Wagane Diouf, CEO of Medina Islamic Finance.