Djibril Maguette Mbengue

Djibril Maguette Mbengue joined CGAP in 2007 as part of the Africa Team and was involved in two CGAP core activities: Government and Policy and Donors and Investors. Before joining CGAP, he was a portfolio technical manager at the United Nations Capital Development Fund where he was involved in several inclusive finance projects in West and Central Africa. 

By Djibril Maguette Mbengue


The Worrying Trend of Interest Rate Caps in Africa

Many countries in Africa have established interest rate ceilings to protect consumers from high interest rates charged by microlenders. However, despite good intentions, interest rate ceilings can actually hurt low-income populations by limiting their access to finance and reducing price transparency.

Deepening Financial Inclusion In West Africa

A few weeks ago the Central Bank of the eight countries of the West Africa Economic and Monetary Union (WAEMU), BCEAO, shared the good news that in the last five years the banked population in the region increased by more than 5% from 9% in 2006 to 14.3% at the end of 2011. Postal banks and microfinance institutions that have a specific legal status in the region are now serving close to 9% of the population. The other 5% is served by commercial banks.