SME Finance & Leasing News

KCB targets 2 million farmers in Kenya and Rwanda under MobiGrow, in the next 5 years

Kenya Commercial Bank (KCB) recently launched a new credit granting scheme called “MobiGrow” to ensure a better access to financing for Kenyan and Rwandan farmers.

West Africa: COFINA records 16 billion CFA francs in subscriptions at the close of its first securitisation operation

COFINA, Africa’s leading institution for mesofinance, has raised more than 16 billion CFA francs, an oversubscription of 60% reflecting strong investor interest.

Côte d’Ivoire: Coris Bank to grant SMEs $17.9M at 9% annual prime rate

The Ivorian subsidiary of Coris Bank International approved a new credit line worth CFA10 billion ($17.9 million) to local SMEs. The document was recently signed between the company and the ministry of trade, craft, and SMEs’ promotion.

Nigeria's SMEs Set for Rapid Internet Adoption

Nigeria is buzzing with largest internet-using population in Africa based on stats by Nigerian Communications Commission (NCC). There are now more than 98.3 million internet users in Nigeria & these internet users not only like to surf the web but also getting inclined towards buying online.

 

France announces 65 million euros of investments for African startups

France plans to invest 65 million euros (42.6 billion FCFA) in Africa to support burgeoning technological start-ups, said President Emmanuel Macron on Thursday during the inaugural ceremony of the 3rd edition Viva Technology (VivaTech), which is being held from May 24 to 26 in Paris.

Stock Exchange to Automate Trading Process

The Malawi Stock Exchange (MSE) in collaboration with the Reserve Bank of Malawi says will automate its trading processes and replace the manual system currently in use with the modern system to improve the efficiency of trading processes.

Kenyan Banks Borrow Sh36 Billion From Overseas to Fund SMEs

Kenyan Banks have turned to external funding as they seek to address the asset-liability mismatch.

Senegal: M & A Capital Group launches alternative financing platform for SMEs

The pan-African investment company, M & A Capital, in partnership with the Agency for Development and Supervision of Small and Medium Enterprises, launched on Wednesday, April 25, in Dakar, a “reverse factoring” project, through a joint venture called M & A Fintech.

2017 Global Findex Report: Africa at a Glance

Measuring Financial Inclusion and the Fintech Revolution

EIB and IMF join forces to build capacity on financial inclusion and stability in Africa

- EIB and IMF establish a new Capacity Development Partnership to promote financial inclusion and stability in Africa

- EIB will support IMF capacity development activities with EUR 3m until the end of 2020

- EIB and IMF to launch online course on financial intermediation and inclusion

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