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Africa

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 FNB’s lending to small and medium enterprises, with a focus on women-owned businesses. The financing falls under the IFC SME...

#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


Seychelles bank to address AML risks with iFinancial ...

Al Salam Bank Seychelles (ASBS) has selected iFinancial`s anti-money laundering (AML) solution... (more…)

#anti-money laundering#bank#financial institution


Nigerian company to provide supply chain financial solution in...

Linkifin, a leading financial technology company in Nigeria, announces a new partnership with the South African company... (more…)

#banks#cash-flow#invoice


Factoring and credit insurance seen as key for SME...

Innovative financial solutions like factoring and credit insurance offer keys to the growth of small and medium-sized enterprises (SMEs) in…

#bank#international#International Trade


Nigerian startup to support businesses with their KYC requirements 

...a Nigeria-based payment startup, has launched..., a screening solutions platform that helps businesses... (more…)

#bank#digital#international

African countries want to intensify factoring promotion

Worried by the slow-paced growth of small and medium enterprises in Nigeria and other African countries,... (more…)

#bank#invoice#SME financing

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