news - Over USD 300 million Dedicated to Strengthening Financial Inclusion at Future of Finance Conference


Over USD 300 million Dedicated to Strengthening Financial Inclusion at Future of Finance Conference

October 9, 2023

The 2023 edition of the Future of Finance brought together over 500 leading finance professionals from over 60 countries offering them a unique platform for networking and sharing their ideas and aspirations for the future.

Over the years, the Future of Finance conference has been able to build a dedicated following amongst leading finance professionals, and has gained a reputation for its thought-provoking themes, outstanding networking opportunities, and inspiring activities.

This year, it was a pleasure to strengthen our partnerships and impact with the following institutions.


TBC Bank: A memorandum of understanding was signed between TBC Bank and FMO for two new facilities under discussion, a syndicated subordinated loan facility($80mln) and a risk sharing guarantee NASIRA ($30mln).


FCMB: First City Monument Bank is among the largest Tier-II banks of Nigeria. We look forward to continuing the relationship with a fourth facility FCMB, with purpose clauses of expanding their SME and Renewable Energy portfolio’s. Soon FMO hopes to deepen the relationship with a portfolio guarantee too (NASIRA).

NMB Nepal

NMB Nepal: As a leading commercial bank in Nepal, NMB provides various banking services to its customers throughout the country. With this loan, FMO and the Dutch Fund for Climate and Development (DFCD) will support the growth of NMB’s Micro, Small and Medium Enterprises (MSME) and green portfolio. This is the first debt transaction in Nepal


SAFCO: SAFCO Microfinance Company is a subsidiary of SAFCO Support Foundation, a NBFC incorporated to undertake microfinance activities in rural and urban areas in Pakistan. Funded 84% via MASSIF, and facilitated by Frankfurt School of Finance and Management, this technical assistance program will support the enhancement of SMC’s Risk Management Framework through various initiatives.

Mesa Fund

MESA Fund: The MESA Fund, MCE Empowering Sustainable Agriculture Fund, aims to support a sustainable agricultural ecosystem by providing funds to agricultural small-growing businesses and to rural-focused financial service providers targeting smallholder farmers and women-owned agribusinesses in Sub-Saharan Africa, Latin America, and Southeast Asia. The additional technical assistance package of USD 160,000 signed will focus on impact measurement and management as well as consumer protection.

Dashen Bank

Dashen Bank: Dashen Bank is one of the largest private banks in Ethiopia. The loan, funded via MASSIF, is to support USD earning exporters in the agriculture sector and is highly impactful as it provides the exporters with scarce USD for importing machinery that will enable them to expand operations and increase the number of small holder farmers they are working or purchasing from. FMO’s loan was provided as part of a club deal with BII and was the first foreign investment into the Ethiopian financial sector. Alongside the direct impact for the bank, the loan is also helping to set a precedent and stimulate additional foreign funding into the market. Read the press release


Ameriabank: Ameriabank is a leading financial institution in Armenia. This partnership is aimed at providing vital support to Small and Medium-sized Enterprises (SMEs) in Armenia, with a particular focus on empowering young and female entrepreneurs. Read the press release