SME Finance & Leasing News

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.

Zimbabwe: $90m Package for SMEs Unveiled

This comes as Government enhances efforts to stimulate economic growth through small to medium enterprises.

Afreximbank Ties Factoring’s Growth in Africa to Strengthened Legislation

African countries must implement strong legislation to foster the growth of factoring in order to enhance access of the continent’s small and medium-sized enterprises (SMEs).

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.

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