SME Finance & Leasing News
The agreement will boost trade finance in Africa.
This call was made during the Afreximbank’s sensitisation seminar on “Model Law on Factoring” in Nairobi, Kenya last weekend.
The fund will be raised from 5 percent of banks’ Profit After Tax (PAT) savings.
The firm will enhance access to financial services across Africa.
The commercial farm loans ceased in 2016 due to financial maladministration.
AfDB and the Alliance for Financial Inclusion sign MoU to enhance access to financial services on the continent
The partnership will also strengthen the technical capacity of financial regulators and policy-makers across the continent to implement substantive policy reforms to advance financial inclusion.
The partnership is aimed at boosting lending to SMEs through a Credit Guarantee Fund.
The Central Bank will repatriate foreign currencies from exporters to reinforce control over forex.
The intervention will provide affordable credit facility for SMEs and local corporates in Kenya.
A Euro 250 million (Sh27 billion) credit facility has been approved by EIB to companies through local banks