August 23, 2021

Apply now: GIZ-SAIS Investment Readiness Programme 2022

The project ‘Scaling Digital Agriculture Innovations through Start-ups’ (SAIS), implemented by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH has launched its Call for Start-ups for the third GIZ-SAIS Investment Readiness Programme, on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ). The programme includes: Tailor-made company development support for 9-months implemented […]

August 18, 2021

5 Online Platforms To Get Collateral-Free Loans For Your Small Business In Nigeria

Growing your business and meeting your customers’ needs should be your top priorities as a small business owner.  If you just said, “But I need money to reach my goals,” you’re not alone. I hear you, and I’ve received mail from small business owners with the same needs.  Getting a loan is an option if […]

August 17, 2021

Two Weeks Left to Apply for 2021 Africa’s Business Heroes (ABH) Competition

The “Africa’s Business Heroes” (ABH) prize competition (www.AfricaBusinessHeroes.org) will close applications for its third annual edition on June 7. Already, thousands of entrepreneurs from across Africa have submitted their applications and are vying for a chance to become one of Africa’s Business Heroes. At a time when many businesses are reeling from the impact of […]

August 16, 2021

ABSA Providing Uncollaterised Funds for African SME Operators

African Small and Medium Scale Enterprises (SMEs) are confronted with various challenges, ranging from lack of market access to lack of access to finance and business development. To address these challenges, ABSA is providing uncollateralized funds known as Enterprise & Supply Chain Development (ESD), for SME operators on the African continent. “The funds are for […]

August 12, 2021

LEIs Unlock Financial Inclusion For African SMEs

An international flagship project designed to expand financial inclusion among small to medium-sized enterprises (SMEs), especially on the African continent, has launched today. The project has been realized with the support of the German Federal Government through the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH. The collaborative initiative is equipping SMEs across Africa with globally […]

August 10, 2021

Wema Bank Launches Business School to Improve SMEs’ Skills and Competence

Ensuring that small businesses continue to create jobs and serve as the bedrock of the economy has encouraged Wema Bank Plc to launch an SME Business School. The school has been seen as an avenue for WEMA Bank to bridge the knowledge and skills gap in the subsector sector. The school would help to equip […]

August 9, 2021

NEXIM, Afreximbank mobilise $50m funding for SMEs

The Nigerian Export-Import Bank has announced its partnership with African Export-Import Bank to mobilise the sum of $50m to support Small and Medium Enterprises in Nigeria. NEXIM announced on Tuesday in Abuja that the $50m Project Preparation Fund for Nigeria was for the provision of technical assistance to bankable SMEs, especially those promoted by women […]

August 6, 2021

African Development Bank launches new Transaction Guarantee to support SMEs and trade in Africa

The African Development Bank, through its Financial Sector Development’s Trade Finance operations, has launched a Transaction Guarantee instrument designed to provide up to 100% cover for non-payment risk to regional and international banks, for trade transactions initiated by local banks in Africa. The guarantee will cover an array of trade finance instruments, including confirmed letters […]

August 5, 2021

Bank Gives SME Clients 11bn Relief.

Stanbic Bank’s parent company, Standard Bank Group, has provided R10,9 billion in relief to personal and SME clients across Africa in recognition of the challenges faced by SMEs as well as help them get through this difficult period. Standard Bank Group recognises that Small and medium enterprises (SMEs) are the engine of economic growth in […]

August 4, 2021

African Development Bank Launches New Transaction Guarantee to Support SMEs and Trade in Africa

  The African Development Bank, through its Financial Sector Development’s Trade Finance operations, has launched a Transaction Guarantee instrument designed to provide up to 100% cover for non-payment risk to regional and international banks, for trade transactions initiated by local banks in Africa. The guarantee will cover an array of trade finance instruments, including confirmed […]

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