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Africa

AfDB invests USD70 million in PTA Bank

AfDB to channel USD70 million to Eastern and Southern African businesses through PTA. (more…)

Ecobank, AGF broker USD50 million deal for SME lending

African Guarantee Fund agrees to back Ecobank's SME financing programmes, including contract and receivables finance, distributorship finance and asset finance.…

#bank#receivables#SME financing


Attijariwafa bank continues export factoring to sub-Sahara Africa

Attijariwafa bank to open subsidiaries in Togo and Niger. (more…)


Wonga to extend loans for South African SMEs

Internet-based short-term loan provider is looking to elongate payment terms for South African SMEs. (more…)

#payment terms#R3#risk


Factoring in South Africa: a country review

David Cory, Head of Debtor Management, Nedbank Business Banking, provides an overview of the South African factoring market for the…

#bank#debt finance#exporters


Nkoma: Large domestic debt taking toll on SMEs

Former Economics Association of Zambia President Noel Nkoma has observed that the government's delay in paying local suppliers is have…


Oasis Capital launches USD50m SME Fund

Oasis Capital Ghana, a licensed capital fund manager, has launched its Oasis Africa Fund (OAF), a US$50-million fund aimed at…


IFC renews partnership with I&M Bank to support Kenyan...

The International Finance Corporation (IFC) has provided a credit line of US$50million to I&M Bank Ltd. to support lending to…


Swaziland invoice financing company services 6600 clients

First Finance Company has paid out more then EUR34 million in invoice financing since 2010. (more…)

#invoice#Paid#smes


First Strut collapse leaves Nedbank exposed

Nedbank said it advanced R240m to First Strut, which collapsed last month after the murder of its chairman. (more…)

#bank#Nedbank


Heritage Bank SME Clinic in Lagos unveiled

Heritage Bank offers concessionary funding support to SMEs. (more…)


BOAD to loan USD6m to factoring and leasing institution

The West African Development Bank and Burkina Bail signed a loan agreement. (more…)

Microfinance Bill to ensure verity of micro-finance products

Reserve Bank expects the new Microfinance Bill to help SMEs, which are neglected by Zimbabwean banks due to lack of…

#bank#financial services#interest rates

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