SME Finance & Leasing News

Egyptian banks still threatened by currency risk says Fitch

Egyptian banks are still struggling to meet minimum regulatory capital requirements of 11.25 percent due to floating of the Egyptian pounds

Ghana: FMO, BIO arrange $54 million credit for SMEs

The syndicated facility will increase access to finance for local SMEs

Agric Bank launches first mobile banking solution in Mali

"BNDA Mobile" is the first mobile solution in Mali that allows customers to carry out mobile banking operations.

European Investment Bank (EIB) has signed two long-term credit facilities with Equity Holdings Group and Housing Finance

This is to support the growth of small and medium enterprises (SMEs) in Tanzania, DRC, Uganda and Kenya.

IFC invests $30 million into payment infrastructure across MENA

The investment will allow MSMEs to access card-based payments and develop digital data records.

Malawi: Two smallest banks merge

The merger is to enable the banks to meet the capital requirements of Malawi's apex bank.

ITFC, ABI support private sector and SMEs in West Africa with €40 million

This is to support private sector and small and medium-sized enterprises in West Africa.

Egypt: EGX, ALEXBANK sign MoU

The MoU will support SMEs growth by facilitating access to capital.

Botswana: BancABC secures $40m credit facility from OPIC

The facility is aimed at expanding digital financial services and increasing funding for SMEs.

Nigeria: Bank introduces free banking services for start-ups

The initiative is designed to offer free banking services for businesses in the first three years of their registration and incorporation.

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