Articles

Development Bank of Nigeria CEO Tony Okpanachi Speaks on Addressing the MSME Finance Challenges

SME Finance Forum member Development Bank of Nigeria is working to aid in providing finance to MSMEs. Calling it a "nightmare," its Managing Director/Chief Executive Officer, Tony Okpanachi, was appointed in 2017 with the mission to alleviate the financing constraints faced by MSMEs and small corporates in Nigeria.

Articles

Articles

Women Leaders, Women Lenders
Women have been an integral part of microfinance since the very beginning. But though the percentage of women in top leadership positions in microfinance institutions is high compared to the rest of the global banking sector, it’s still lower than women’s proportion of the overall population – and far lower than the percentage of female clients...
Member News: Industry Partner GBA for Women Features Diamond Bank's Digital Innovation
Industry Partner GBA for Women says that digital solutions for product distribution are rapidly increasing banks’ ability to reach the unbanked – a segment disproportionately made up of women. During the recent All-Stars Academy in South Africa, GBA heard from two of its members who are making huge strides in this area: Diamond Bank of Nigeria -...
Alitheia Capital's Tokunboh Ishmael Starts a Fund for Africa's Women Entrepreneurs
Startups founded by women receive less than 50 percent of investment funds than those founded by men, even though women are achieving 10 percent higher profits, according to Boston Consultant Group. Tokunboh Ishmael, co-founder of Alitheia Identity, an investment management and advisory firm focused on channeling private equity investments into...
Nena Stoiljkovic on Women Entrpreneurship
IFC Vice President Nena Stoiljkovic was in Japan for the international conference "World Assembly for Women: WAW!" talked about support for women. Of IFC's many missions, supporting female entrepreneurs is very important. IFC has a network of around 800 local banks in developing countries, through which they offer support to make it easier for...
Why Women-Owned Startups Are a Better Bet
According to Boston Consulting Group research, when women business owners pitch their ideas to investors for early-stage capital, they receive significantly less funding — a disparity that averages more than $1 million— than men. Yet businesses founded by women ultimately deliver higher revenue—more than twice as much per dollar invested—than...
Investing in Women: The Power of Partnership
The program is the Women Entrepreneurs Opportunity Facility (WEOF), a joint initiative established by IFC and the Goldman Sachs Foundation. Its goal is to provide access to capital for 100,000 women, stimulating economic growth, and building stronger, more prosperous communities. Although WEOF still has six years to run, to date, it has made over...
Deputy Governor of Bank of Ghana Elsie Addo Awadzi Discusses Sustainable SME Finance in Ghana
Deputy Governor of Bank of Ghana (BoG) Elsie Addo Awadzi, recently shared her perspective on financial inclusion and the pillars of sustainable SME finance with the Alliance for Financial Inclusion (AFI) in Kuala Lumpur. She shares what her three key lessons are for the best way to make SME finance sustainable in Ghana, regulations role, how SME...
Finding a Financial Solution for Small Businesses
Multi-award winning businesswoman Darlene Menzies plans to become the lead generator and matcher of small business loans in the Southern African Development Community (SADC) region in the next five years. Menzies is chief executive of Finfind, an online access to finance solution for SMMEs supported by the Department of Small Business Development...
Goldman Sachs CEO Lloyd Blankfein Shares Perspective on Women Entrepreneurs
Lloyd Blankfein is Chairman and CEO of Goldman Sachs. In this exclusive IFC Perspectives interview, he talks about the Goldman Sachs Foundation’s groundbreaking 10,000 Women initiative and the Women Entrepreneurs Opportunity Facility (WEOF), a first-of-its-kind partnership with IFC, to improve access to finance for SMEs owned or run by women...
IFC South Africa Country Manager Discusses Loan to Support SMEs
Houghton Estate, South Africa's Power 98.7 interviews IFC Country Manager Saleem Karimjee. Karimjee discusses IFC’s $62 million loan to South Africa's Mercantile Bank to support SMEs, with a strong focus on #women-owned and black-owned businesses.