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Africa

SME funding falls behind

SME funding government programme failed to achieve its objectives. (more…)

#Access to Finance#funding#management

Study: Mining companies continue to stockpile cash

The recent study by The Hackett Group, consultancy group, shows that South African mining companies have more than R48.6-billion in…

#crisis#interest rates#invoice


Bank of Algeria to taboo disproportional private trade finance

Algerian authorities prepare measures to make trade finance activities less attractive. (more…)

#bank#international#International Trade


Access Bank offers receivables finance as part of new...

Access Bank Ghana introduced comprehensive financial and service support for SMEs. (more…)


AfDB partners with StanChart Bank to facilitate trade finance...

African Development Bank launches a USD400 million risk sharing facility with Standard Chartered. (more…)

#African Development Bank#bank#exports


Retailers impose 10 per cent ‘Warranty Reserve’

Certain major retail chains in South Africa are implementing a 10 per cent of annual purchases as a warranty reserve…


Government owes ZAR4 billion in late payments

Delayed payment from government departments puts enormous financial strain on small businesses. (more…)

#invoice#late payment#management


CDC, Standard Chartered strike a deal to boost trade...

CDC signs agreement with Standard Chartered to help boost trade finance for businesses in Africa and South Asia. (more…)


Gulf Bank secures Sh100m for SMEs funding

Gulf African Bank has signed a Sh100 million agreement with the African Guarantee Fund to support lending to Kenyan SMEs.…

#bank#international#management


Barclays strengthens its South African trade operation

Barclays's Absa hires JPMorgan's Barrass. (more…)


New construction fund to provide invoice discounting

FBZ introduces construction fund to meet the needs of local road constructors. (more…)

#bank#guarantees#interest rates


Billing fraud reaches “alarming proportions”

The Public Protector has asked to assign billing fraud to a special category of criminal offences. (more…)

Experian: Businesses’ debt stress levels increase

South African businesses' debt stress levels affected by weaker business confidence levels in the fourth quarter 2012, says new reports.…

#exports#trade

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