SME Finance & Leasing News

Accion, Quona Capital extend $141million for fintech innovations to Sub Saharan Africa

The fund will follow fintech innovations aimed at enhancing access to financial services

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.

Rwanda: Bank of Kigali launches interest-free credit initiative

Through the initiative, businesses can obtain interest-free credit up to Rwf60 million.

Afreximbank, Ecobank sign MoU on trade finance

The agreement will boost trade finance in Africa.

Afreximbank advocates legislation to enhance factoring

This call was made during the Afreximbank’s sensitisation seminar on “Model Law on Factoring” in Nairobi, Kenya last weekend.

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