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South Africa

Nedbank CIB advances digital transformation in SCF

Nedbank Corporate and Investment Banking (CIB) has completed a significant restructuring of its trade and supply chain finance (SCF) operations through a comprehensive digital transformation focused on automation, ecosystem integration and scalable technology platforms. Central to this initiative is the...

#supply chain finance

African Development Bank provides a US$310m financial package to...

The Board of Directors of the African Development Bank Group has approved a US$310m financial package to FirstRand Bank, one…

#African Development Bank#financial package#FirstRand Bank


Rand Merchant Bank to adopt Surecomp’s TFaaS

Surecomp® today announced that Rand Merchant Bank (RMB), has selected its award-winning Trade Finance-as-a-Service (TFaaS) solution to drive seamless digital…

#Rand Merchant Bank#surecomp#TFaaS


IFC and FirstRand Bank to boost access to finance...

To make loans more accessible and affordable for small and medium enterprises (SMEs), IFC has set up a risk-sharing facility…

#credit risk#FirstRand Bank#IFC


FundMyPo offers invoice and purchase order finance to South...

South Africa’s small and medium-sized enterprises (SMEs) have received a welcome boost with the launch of FundMyPo’s new suite of…

#FundMyPo#invoice finance#purchase order finance


Select Africa taps Veefin for digital transformation

Select Africa, a leading financial institution based in South Africa, has partnered with Veefin Solutions, a global leader in providing…

#digitalisation#fintech#onboarding


African Development Bank and Standard Bank Unite sign agreement...

The African Development Bank Group and Standard Bank Group (SBG) on Monday signed a landmark financial agreement to enhance funding…

#African Development Bank#Ahmed Attout#Kenny Fihla


China Systems and Nedbank of South Africa launch SCF...

China Systems (CS), a global leading trade and supply chain finance (SCF) software provider, and Nedbank, one of South Africa’s…

#China Systems#Nedbank#scf


Verdant Capital supports UsPlus’ factoring expansion in South Africa

Investment Overview Verdant Capital Hybrid Fund has made its fifth investment, committing US$2m in junior convertible debentures to UsPlus Limited,…


AfDB supports Absa’s sustainable lending with ZAR 2.7 billion...

The Board of Directors of the African Development Bank has approved a financial package for Absa Group Limited comprising a…

#ABSA#AfDB#sustainable finance


IFC partners with FirstRand Bank to expand SME financing...

To facilitate increased access to financing for small and medium-sized enterprises (SMEs) in South Africa, including women-owned businesses, IFC today…

#FirstRand Bank


MTN launches Xlerator programme to boost supplier finance

MTN, Africa's largest mobile network operator, is planning to offer substantial support to SMEs through its MTN Xlerator, MTN South…

#SME lending#supplier finance#supply chain finance

New SME finance platform launched in SA

Old Mutual, a pan-African investment, savings, insurance and banking group, has launched a new business offering to service the SME…

#supply chain finance

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