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ADB to lend Pakistan $170m for SMEs

Asian Development Bank (ADB) will lend Pakistan US$170m to develop small- and medium-sized enterprises (SMEs) in the country, Small and Medium Enterprises Development Authority (SMEDA) Chief Executive Officer Shahab Khawaja announced last Friday. The loan will include US$12m for SMEDA...

Minister re-defines SME turnover limit and hails mooted rise...

Moves to raise the audit threshold for small companies to Ј5.6m have been welcomed by the Secretary of State for…

#economy#small business#smes


Federal Reserve sees steady growth ahead

Federal Reserve (Fed) officials said on Friday that healthy US economic growth looks likely to continue, but low inflation means…

#bank#economy#i


Changes in Hungary’s venture capital scene

The president of the Hungarian Venture Capital and Private Equity Association (HVCA) Juliбn Tzvetkov, says he expects fundamental changes in…

#bank#banks#conference


Euler Hermes to offer export credit insurance

The Brazilian credit insurance unit of German insurer AGF, Euler Hermes, plans to offer credit insurance for export operations in…


BECI insures exporters

Botswana Export Credit Insurance (BECI), a 100 per cent subsidiary of the Botswana Development Corporation (BDC), was set up to…

#bad debts#cash-flow#exporters


Capital Factors claims US$30 million fraud by client

Capital Factors of Boca Raton claims it lost US$30 million because of fraudulent transactions arranged by a New York City…


Small businesses turn to credit unions

Jamaica's small business community is looking more to the financial services offered by local credit unions rather than those of…

#financial services#interest rates#MAN


SMEs starved of finance

After a report quoted the loan rejection rate for China’s small- to medium-sized enterprises (SMEs) as 56 per cent, Ou…

#bank#Boost#funding


Merchant Trade Finance and Merchant Commercial Finance results

Trade finance companies Merchant Commercial Finance Limited (MCF) and Merchant Trade Finance Limited (MTF) have published their financial statements for…


Caisse d'Epargne begins integration of SME and operations including...

CNCE, the central bank that heads the Caisses d'Epargne network of French government-owned, not-for-profit savings banks, confirmed yesterday that it…

#bank#banks#international


US unfolds capacity-building initiative for SMEs' development

Convinced that a necessary focus on, and improved performance of, small- and medium-sized enterprises (SMEs) remains essential to Nigeria's economic…

European venture investment declines in Q3

In the third quarter of 2003, Ђ616 million were invested in 191 deals, according to the joint European venture capital…

#funding#investment#investments

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