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Africa

Government releases $108m for SME projects

The government has released US$108m towards implementation of the MSMEs project to provide strategic interventions to address major constraints that affect the sector. Project seeks to provide requisite funding and technical support for SMEs to improve their area of work....

Trade financing becomes frontier for bank rivalry

Kenya Commercial Bank has joined the Global Trade Finance Programme as an issuing Bank following the signing of a shillings1.6bn…

#bank#emerging markets#guarantees


FNB donates N$440 000 to SMEs

First National Bank donated N$440 000 to a local small- and medium-sized enterprise development organisation, SMEs Compete. (more…)

#Access to Finance#bank#management


Diamond Bank, Shell, GroFin float US$31m fund for SMEs

Diamond Bank Plc, Shell Petroleum Development Company and GroFin of South Africa, have concluded plans to float a US$31m [N4bn]…

#bank#economy#smes


New scheme targets SMEs

SMEs in Uganda will benefit from an initiative dubbed Aspire Uganda, which was launched by three multinational companies to provide…

#bank#CDC#Deutsche Bank


Nigerian financial system still offers limited access

Protracted challenges in the system, include the limited availability of secured lending products like leasing, supplier credit, warehouse receipt, factoring and other…

#banks#leasing#liquidity


Exim enters Comoros

Exim Bank (Tanzania) Limited, Tanzania's local private banking firm will become the first indigenous bank to operate overseas when operations…


Namdeb throws weight behind SME development

Namibia's mining giant, Namdeb, has thrown its weight behind the small and medium enterprise (SME) sector by setting up a…


Exporters look to government for export credit insurance

Namibian exporters and traders need access to credit insurance to cover risks associated with exports to enable them to expand…


Government to stimulate growth of SMEs

THE country's SME sector needs to network so that they can break into the international market. Minister of enterprise and employment…


Barclays assists SMEs to fair

Barclays Bank of Ghana is bringing 100 SMEs to this year's Canton Fair in China to meet suppliers, manufacturers, investors and service…


Small firms gain as banks promote SME lending

Financial institutions are giving a serious look at the SME segment. Competition has heated up with Standard Chartered, Barclays, NIC…

USD 3m loan for Uganda SMEs

DFCU Limited has secured a $3 million (Shs5.2 billion) credit from the Norwegian Investment Fund for Developing Countries to support…

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