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Africa

Sasfin invests in new ABF solution software

Kй Concepts, leader in the deployment of comprehensive credit management solutions and development frameworks for the financial services sector, has announced that it has successfully won the contract to replace Sasfin Bank's present asset-based finance (ABF) solution with its CreditEase...

#bank#compliance#financial services

Bank plans to introduce asset-based finance

During Stanbic Bank’s trade and finance seminar at Grand Imperial Hotel on Thursday, executive director, wholesale Anne Aliker said the…

#bank#cash management#international


Consolidated factoring and leasing company to be restructured

CFX Financial Services (CFXFS), the new owners of the Leasing Company of Zimbabwe (LCZ), an erstwhile Century Holdings Limited subsidiary,…

#asset management#bank#financial services


Bankruptcies up despite cost of finance at 20yr low,...

The lowest interest rates in more than 20 years have not significantly curbed company liquidations in South Africa, which for…


ADF increases support to African SMEs

The African Development Fund (ADF) has strengthened its support of small- and medium-sized enterprise (SME) development in Africa through a…

#management#smes#training


Export-Import Bank finances planes for Kenya Airways

The US Export-Import Bank said it would provide more than $100m in financing to Kenya Airways to purchase a passenger…


Small businesses to benefit from Sh2.7bn funding

Kenya's fast growing small- and medium-sized enterprises are to receive a crucial boost from World Bank restructuring funding to the…

#bank#international#management


SMEs need more support

President Sam Nujoma has urged financial institutions to stop hiding behind outdated policies and facilitate small and medium enterprises' access…

#bank#funding#small businesses


Government spurs exports with incentives

The South African government is keen to spur exports and it offers a variety of incentives. The Industrial Development Corp…

#exporters#exports#international


Ministry allocates US$12 billion to SMEs

The Ministry of Small and Medium Enterprises Development (SMED) has mobilised $12 billion for on-lending to small- and medium-scale enterprises…

#bank#funding#management


European Investment Bank picks Kenyan intermediaries

The European Union has approved eight Kenyan banks as local intermediaries of the European Investment Bank (EIB). The approval means…

#African Development Bank#bank#capital requirements


COFACE Algeria’s first credit insurer – BNA

BNA Finances, published by the National Bank of Algeria (BNA), has named COFACE as the first credit-insurer operating in Algeria.…

#bank#guarantee#guarantees

Government secures $17m from Siftel to promote SME growth

The government has secured a $17 million fund from the SIFTEL Bank of the United States to support and promote…

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