SME Finance & Leasing News

Rwanda: Development Bank Avails Fresh U.S.$700 Million in Credit

Development Bank of Rwanda avails $700 Million accessible to small and medium entrepreneurs through commercial banks, savings and credit cooperatives.

Ethiopian Companies to Benefit From EIB Backing for U.S.$100m Private Equity Fund

The European Investment Bank (EIB) will support private equity investment across Ethiopia though support for the new USD 100m Cepheus Growth Capital Fund.

Namibia: Development Bank Opens Doors to SMEs

Development Bank of Namibia (DBN) CEO Martin Inkumbi has announced that the bank will resume financing SMEs. The announcement follows in the wake of the suspension of the operations of the SME Bank.

Zimbabwe: Women's Empowerment Bank Ready to Roll

The setting up of Women Empowerment Bank is at an advanced stage with the bank's chief executive officer already appointed to kick start the financial institution's operations before year-end.

Uganda: Kenyan Banker Tips BOU On Key Interest Rates

If monetary policy signals enforced by the Bank of Uganda are not being felt within the market, that means financial inclusion initiatives are not yet successful, the former governor of the Central Bank of Kenya has said.

Zimbabwe: Women's Bank Up By September

The setting up of a women's bank that will provide financial support to small and medium enterprises run by women is now at an advanced stage, a Cabinet minister has said.

South Africa: IFC Initiates Push to Support South African SMEs With Firstrand

IFC has designed the SME Push Program to channel up to R26-39 billion ($2-3 billion) investment into South Africa SMEs over the next 5-7 years.

Nigeria: Banks Kick-Start Agric SMEs Equity Fund With N26 Billion

Commercial banks in the country have raised a total of N26 billion as part of their commitment to finances agro-based small and medium scale enterprises (SMEs).

Namibia: Schlettwein Wants SME Bank Closed

Namibian finance minister Calle Schlettwein has rejected a proposal to bail out the desperate SME Bank with up to N$300 million, despite the wish of the central bank governor to recapitalise the bank.

Rwanda: Bank of Kigali's Interest-Free Credit Scheme to Benefit Eight Businesses

Bank of Kigali selected 8 businesses out of 350 applications in order to provide them interest-free loans to stimulate their growth.

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