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Africa

R320m boost for young entrepreneurs' fund

Access to funding for youth has been given a major boost with the commitment by First National Bank (FNB) of R240-million to the Progress Fund in a joint undertaking with the Umsobomvu Youth Fund (UYF) enterprise fund. Together with a...

The Banking Association Debtor Financing Committee industry statistics 2004

The Banking Association Debtor Financing Committee has released South African members’ factoring industry statistics for the year to 31 December…

#bank#international#invoice


GDM holds workshop for SMEs

A six-day capacity building workshop took place on Sunday in Accra for 111 small- and medium-scale entrepreneurs. The participants were…


Ministry tells banks to give credit to SMEs

The Minister of Tourism, Trade and Industry Mr Daudi Migereko has urged financial institutions to extend credit to small- and…


Kenyan bank seeks $25m Arab, Indian credit lines

The Kenya Industrial Development Bank (IDB) is negotiating for US$25m credit lines from two foreign-based financial institutions. IDB, which said…

#bank#Boost#Exim Bank


Export credit insurance and incentives in South Africa

A report on sources of export credit insurance, incentives and zones in South Africa. To read the full report go…

#export credit insurance#insurance


Empowered SMEs to benefit from new policies

Small- and medium-sized enterprises (SME's) with strong empowerment credentials are set to benefit by an estimated R280m a year in…


Government approves Micro Finance Bill

The Cabinet has approved the much-awaited Micro Finance Bill that will offer a legal framework to players in the sub-sector.…


ZSE plans to set up SME bourse

The Zimbabwe Stock Exchange (ZSE) plans setting up a secondary bourse for small- and medium-sized enterprises. ZSE chief executive Mr…


French buyer for SA credit insurer

South Africa's credit insurance industry is set for a shake-up, with French company Coface, the world's third-largest credit insurance company,…


PTA Bank, FMO sign K75bn trade finance agreement

The Eastern and Southern African Trade and Development Bank (PTA Bank) has signed a US$15m (about K75 billion) trade finance…

#ADB#African Development Bank#bank

GCR rates CGIC 'AA'

International rating agency Global Credit Rating Co (GCR) has reaffirmed Credit Guarantee Insurance Corporation's (CGIC) claims paying ability rating of…

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