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SMES

A collection of 3 posts

IFC Invests $77M in Risk-sharing Facility for the BOA to Boost SMEs Financing in Africa

Bank of Africa Group

IFC Invests $77M in Risk-sharing Facility for the BOA to Boost SMEs Financing in Africa

The International Finance Corporation (IFC) has announced its investment in a risk-sharing facility for the Bank of Africa Group (BOA). This is aimed at easing access to finance for small and medium enterprises (SMEs) across 10 countries in sub-Saharan Africa. The move is expected to bolster economic activities and job

Kenyan’s DTB Rolls Out a Dedicated Account for Women-owned SMEs

Kenyan’s DTB Rolls Out a Dedicated Account for Women-owned SMEs

Diamond Trust Bank (DTB), an African banking group with operations in Burundi, Kenya, Tanzania, and Uganda, has rolled out Zawadi, a dedicated bank account for women running Small and Medium Enterprises in Kenya. The account is intended to provide women entrepreneurs with access to favorable credit terms as their businesses

How African Entrepreneurs can Leverage TEF's Grant for Growth

How African Entrepreneurs can Leverage TEF's Grant for Growth

Recently, African Tech-Startups have taken the center stage particularly in the area of access to funding. In 2021, African tech companies did unimaginable numbers by surpassing every prediction by experts as tech companies raised over $4 billion (more than they got in 2019 and 2020 combined) From minting five unicorns