SMEs
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News
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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News
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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News
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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News
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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News
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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News
Oikocredit announces EUR 2.4mln loan to support SMEs in Indonesia
AMSMERFOORT and JARKATA, July 6, 2024 – Netherlands’s Social investor Oikocredit and Validus Group, a Singapore-based digital financing platform, have partnered to provide small and medium-sized enterprises [SMEs] in Indonesia with accessible…
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Cooperatives & Communities
Masindi SME owners told to form cooperatives
MASINDI, July 1, 2024 – Johnson Abitekaniza, Commissioner Business and Quality Assurance in Ministry of Trade Industry Cooperatives [MTIC] has underscored the need for small and medium enterprises [SMEs] owners to organise…
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News
Centenary Bank says when women are given opportunity for financial inclusion, they can do miracles
KAMPALA, June 28, 2024 – The African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) Bank of the Year 2024, Centenary Rural Development Bank exemplifies the spirit of this year’s…
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Cooperatives & Communities
Oikocredit announces US$ 10mln loan to APC to support SMEs in Africa
NAIROBI June 17, 2024 – Social impact investing cooperative Oikocredit has made a first-time loan of US$ 10 million [€9.3mln] to AfricInvest Private Credit [APC] to augment support for small and medium…
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News
EAC launches free online professional tourism courses to enhance regional capacity
ARUSHA, June 31, 2024 – Tourism practitioners in the region can now enhance their skills and expertise through a comprehensive suite of professional courses following the launch of the East African Community…
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