SME Finance & Leasing News
A Euro 250 million (Sh27 billion) credit facility has been approved by EIB to companies through local banks
The initiative will enable agric/SMEs access credit at single digit interest.
The reduction in benchmark interest rate will motivate lending
This will enhance SMEs international trade
The initiative will increase access to financial services for MSMEs
In a move to spur domestic economic growth amid existing risks, the Bank of Uganda has cut the benchmark lending rate to 12 per cent from 13 per cent respectively.
Access to credit by SMEs will accelerate economic growth of Malawi
It will finance its expansion in Sub-Saharan Africa and the Maghreb.
The funding will improve SMEs' access to finance in Kenya.
The aim of the partnership is to improve banking offers for SMEs