SME Finance & Leasing News

Nigeria: EIB, AfDB to Finance Development Bank of Nigeria With $70 Million

The European Investment Bank (EIB) and the African Development Bank (AfDB) have agreed to support the new Development Bank of Nigeria (DBN) with $70 million.

COFINA launches its first securitization of receivables amounting to 10 billion CFA francs

The Compagnie Financière Africaine Group (COFINA), the first African institution of mesofinance, announces its first securitization of receivables on the Regional Stock Exchange, the Common Stock Exchange of the eight countries of the region. Economic and Monetary Union of West Africa (UEMOA).

Nigeria: Finance Companies Seek CBN's Support On Cheap Funds

Finance Houses Association of Nigeria (FHAN) has called on the Central Bank of Nigeria (CBN) to facilitate access to cheap funds for finance companies.

Rwanda Bourse Rolls Out an SME Segment

Rwanda Stock Exchange plans to roll out new products to infuse liquidity and activity in an increasingly bearish market. The RSE is betting on the Small and Medium Enterprises Market (SMEM) segment to drive business in 2018.

AFSIC 2018

Investing in Africa

Ethiopia: DBE Provides First Ever Loan to Financial Institutions

Development Bank of Ethiopia (DBE), the state policy bank, has for the first time financed a quarter of a billion Birr to four private commercial banks and four microfinance institutions.

Nigeria: CBN Supplies $210m for Wholesale, SMEs, Others

The Central Bank of Nigeria on Monday continued its supply of foreign exchange to guarantee adequacy in liquidity to customers' in various segments of the market, with another $210million to the inter-bank Foreign Exchange Market.

Kenya: Micro-Finance Banks Face Higher Capital Buffer Rules

A new proposal backed by the Central Bank of Kenya recommends reviewing microfinance banks minimum capital requirements upwards

Nigeria: CBN's Tech Strategy for 'Anchor Borrowers', Cleaner Notes

The Central Bank of Nigeria (CBN) has introduced technology to guide input distribution of farmers under it Anchor Borrowers Programme.

Senegal: Banks called to support the return of Senegalese migrants

Alioune Badara Mbengue, the governor of Louga in Senegal, invited commercial banks to support the return of Senegalese in the diaspora by financing their projects.

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