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South Africa

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 sustainability-linked loan for an amount of ZAR 1.7 billion (US $92.7m); an investment of ZAR 1bn into Absa’s inaugural social...

#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


Leading South African fintechs set to merge

Two of South Africa’s leading fintechs, TymeBank and Retail Capital are set to join forces. TymeBank has announced that it…

#working capital finance


Invoice finance fintech UsPlus raises US$10m in debt capital

Verdant Capital, a Mauritius-based corporate finance firm, recently negotiated US$10m ... (more…)

#ABSA#invoice#management


South African factoring volume increases 19% in 2020

South Africa has eight major specialist debtor financiers and approximately 30 privately owned debtor financiers, said Nompumelelo KarumbidzaNational Manager: Sales –…

#invoice#management#Nedbank


South African BBC urges government to pay small businesses...

he Black Business Council (BBC) has requested the President Cyril Ramaphosa to make sure that... (more…)

#overdue invoices


Saudi Arabia embraces e-invoicing to fight ‘hidden’ economy

In order to reduce shadow economy transactions and promote fair ... (more…)

#Access to Finance#digital#digital transformation


ECIC expands offering for South African exports to Africa

The South African Export Credit Insurance Corporation (ECIC) product offerings will be expanded... (more…)

#export credit insurance#exporters#exports


Absa and Addendum Financial Services processed more than 20,000...

Absa in collaboration with Addendum Financial Services (Addendum) provides... (more…)

#ABSA#supply chain finance

David Cory to retire this month

David Cory is retiring this month after more than 20 years in the South African... (more…)

#international#invoice#management

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