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Africa

Stanchart launches products to support SMEs

Standard Chartered Bank has launched two products to support the Small Medium Enterprise (SME) sector (more…)

#bank#conference#exporters

The switch to invoice finance continues, says SA chief

Increasing rates and delays in decision-making and red tape by banks have resulted in hundreds of SMEs seeking alternative ways…

#credit protection#invoice#smes


US African Development Foundation to boost SMEs with US$1.5m

The United States African Development Foundation (USADF) has earmarked US$1.5m (about Shs2.7 bn) for the development of (more…)

#Boost#management#smes


Nedbank Asset Based Finance steps up collections

Nedbank Limited, one of South Africa's Big Four banks, has selected a new collections system to enhance its collections environment (more…)


Algeria: 60th country of presence for Coface

Coface has announced the establishment of its presence in Algeria to roll out its credit insurance offer. This offer comprises…


Bank gets Sh270m for SMEs

Fina Bank has received euros 3m (Sh270m) from Netherlands Development Finance Company (FMO) to lend to customers running (more…)


SMEs get funding boost

The US$16 m that has been availed by the Reserve Bank of Zimbabwe (RZB) for the small- and medium-size enterprises…

#bank#interest rates#smes


Afreximbank to finance non-traditional exports

The African Export Import Bank (Afreximbank) will pump US$80 m into the Export Fund of Zambia (EFZ) to finance non-traditional…

#bank#economy#exports


Small firms constrained by lack of access to finance

Access to finance remained a problem for Botswanan small- and medium-sized enterprises (SMEs) and cash remained these enterprises' preferred means…


Credit, factoring, trade finance in demand despite rate change

The South African Reserve Bank (SARB) says Private sector credit extension (PSCE), including factoring advances, accelerated from the previous month despite…

#bank#interest#interest rates


GroFin's US$25m boost for SMEs

Small- and medium-sized enterprises (SMEs) in East Africa are set to have more funds at their disposal following an increase…


Banks fail to disburse N26bn in SME funding scheme

The Central Bank of Nigeria (CBN) has lamented that, as at the end of May 2006, about N25.967bn remained unused…

CDC, Absa Bank joins forces for SME finance initiative

The Coega Development Corporation (CDC) has signed an agreement with Absa Bank aimed at helping Small and Medium Enterprises (SMEs)…

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