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The African Development Bank (AfDB) has established a fund to absolve the risk of SME funding on the continent. (more…)
#African Development Bank#bank#guarantee
Bank for Trade and Industry of Senegal (BICIS), a subsidiary of BNP Paribas, launches factoring. (more…)
#bank#economy#smes
Factored turnover in South Africa grew by only 7% in 2011 and when inflation is taken into account there was no real…
Debtor Financing Statistics for 2011 issued by the Banking Association South Africa show continued slow growth in debtor finance but…
Equity Bank has secured a Ksh8.3 billion (EUR76 million) loan from the International Finance Corporation (IFC) for lending to SMEs…
In a bid to assist small businesses in Swaziland, Nedmark managing director Fikile Nkosi has revealed that the bank has…
BGFI Bank opened its first branch at Sao Tome Principe. (more…)
#bank#funding#leasing
Bank of Africa Tanzania has reaffirmed its commitment towards developing SMEs as a way to attain socio economic development in…
Mbabane-based First Finance has launched an invoice discounting solution to boost companies with cash flow and working capital problems. (more…)
#cash-flow#invoice#late payment
At least six National Health Laboratory Service (NHLS) labs have been shut because of the service s cash crunch. (more…)
#management#Paid#payment delays
The government of Zimbabwe has begun negotiations with the Nairobi-based African Trade Insurance Agency (AITA), to establish a USD25 million…
#exporters#exports#international
The Government-run Youth Enterprise Development Fund is to start guaranteeing loans borrowed by its members from commercial banks as it…
#bank#invoice#purchase order
The president of the Finance Houses Association of Nigeria (FHAN) has called for the need to broaden the funding of…