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Africa

Zimbabwean lender sets aside US$10m for SMEs  

Homelink Finance Services has set aside over US$10 million to enhance the export capacity of small to medium enterprises (SMEs) this year. This is also expected to boost the competitiveness of SMEs products on both the domestic and international markets....

#bank#exporters#international

HPD Software and FCI collaboration fuels student dreams to...

Keen to facilitate education and development of the commercial finance industry, HPD and FCI came together to support... (more…)

#commercial finance#emerging markets#financial institutions


Barclays Africa names new regional head of trade

...has joined Barclays Africa as regional head of trade (excluding South Africa) in Johannesburg... (more…)

#ABSA#bank#global trade


Afreximbank urges use of factoring to expand Africa’s regional...

African countries should make use of factoring in order to take advantage of the opportunities for expanding the continent’s regional…

#bank#conference#exporters


New accounting standard will make loans, insurance expensive in...

Uganda’s banking and insurance industries are envisaging good times ahead as they embrace the new global accounting standards effective this…

#guarantees#international#management


IFC provides US$100 million to FNB to expand SME...

The International Finance Corporation (IFC), a member of the World Bank Group, announced new financing of US$100 million to support…

#SME lending


IFC extends US$61.8m finance for SME lending in South...

IFC, a member of the World Bank Group, has announced that it will extend a seven-year ZAR 740 million (US$61.8m)…

#SME lending


African company to launch innovative US$20m receivables financing program

At the Global Off-Grid Lighting Association conference in Hong Kong...a leading provider of PayGo solar products and services across sub-Saharan...…

#conference#receivables#receivables financing


Russian company joins Afreximbank as shareholder

...has become the latest international financial organisation to join the African Export-Import Bank (Afreximbank) as a shareholder... (more…)

#African Development Bank#bank#Benedict Oramah


South African financial services company makes a new acquisition...

...announced that it has acquired..., a South African-based asset management firm specialising in investments that span domestic and global asset…

#acquisition#bank#financial services


Afreximbank and ICD sign US$100m financing agreement to support...

The Islamic Corporation for the Development of the Private sector (ICD) and the African Export-Import Bank (Afreximbank) signed a line…

#bank#international#smes


Mauritanian banks BPM and NBM rely on factoring

Launched in 2012, the Banque Populaire de Mauritanie (BPM) has firmly established itself as the country's leading... (more…)

#BPM

Nigeria to accelerate the enactment of factoring act

Members of the Banking Committee of the Nigerian Senate and the Banking and Currency Committee of the House of Representatives…

#bank#financial services#international

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