SME Finance & Leasing News

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.

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

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