SMEs
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News
EABC and AfDB sign US$ 1mln grant agreement to drive sustainable industrialisation in East Africa
ARUSHA, July 7, 2025 –– The East African Business Council [ EABC ] and the African Development Bank [AfDB] have officially signed a landmark US$ 1 million grant agreement to drive sustainable…
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UDB reports net profit of Shs 57.8 billion as total assets grow by 7 percent in 2024
KAMPALA, June 20, 2025 –– Uganda Development Bank Ltd [ UDB ] has reported a net profit after tax of Shs 57.8 billion for the year ended December 31, 2024, representing a…
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Coops mentioned in EU-African Union Civil Society and Youth declaration
BRUSSELS, June 1, 2025 –– A Joint Declaration of Civil Society and Youth was presented during the third European Union – African Union Ministerial Meeting, including a mention of cooperatives. Adopted recently ,…
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Zimbabwe advised to benchmark coop and SME regulation with Kenya to enhance financial inclusion and SME formalisation
HARARE, May 28, 2025 –– Zimbabwe’s Cooperative and SME Regulatory Framework could benefit immensely from benchmarking with Kenya’s proven model, a move that would accelerate financial inclusion and the formalisation of Small…
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Afreximbank and Ecobank partner to simplify trade and compliance for African businesses
CAIRO, December 24, 2024 — African Export-Import Bank [Afreximbank] and Ecobank Group have embarked on a collaboration aimed at simplifying trade and compliance for businesses in Africa by integrating Ecobank’s Single Market…
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AfDB Group to extend facilities worth US$ 200mln and ZAR 3.6bln to Standard Bank Group to increase trade in Africa and support SMEs
PRETORIA, December 13, 2024 — The Board of Directors of the African Development Bank Group [AfDB] has approved two financial facilities for South-Africa based Standard Bank Group to support economic development in…
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Ecobank and the IFC partner to empower Ivorian women’s businesses
CASABLANCA, December 11, 2024 — Ecobank Côte d’Ivoire, part of the leading pan-African financial services group, has signed a landmark Memorandum of Understanding [MOU] with the International Finance Corporation [IFC] to roll…
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Ecobank to unlock real-time cross-border payments across 35 African markets
KAMPALA, November 11, 2024— Nium, the leading global infrastructure for real-time cross-border payments, has partnered with Ecobank Transnational Incorporated to enable seamless cross-border payments across 35 African markets for more than 32…
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EAC SG and captains of industry call for new approach to boost intra-EAC trade and investments
ARUSHA, August 22, 2024 – Regional business leaders have outlined priorities to unlock business and investment to the new East African Community [EAC] Secretary General Veronica Nduva. In her keynote address during…
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Zambia agribusiness SME Accelerator launches second cohort to boost climate action
LUSAKA, August 5, 2024 – The second cohort of an Accelerator program for small and medium-sized enterprises [SMEs] in the agribusiness sector launched recently in Lusaka, Zambia. This Accelerator will deliver climate-smart…
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