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China Development Bank Announces Agreement to Aid African SMEs
China's Development Bank and Absa, a subsidiary of Barclays Africa, concluded a $100 million Special Facility Agreement to fund SME in Africa. The money will benefit Barclays Bank’s existing and prospective SME clients across the continent, according to Absa. The funding may be increased in the future to assist with new funding opportunities...
What’s Happening in the Missing Middle? Lessons from Financing SMEs
What’s Happening in the Missing Middle? Lessons from Financing SMEs , is an initial effort to share experiences, analyze failures and learn from practices. These SME Finance Quick Lessons were initially developed for an internal World Bank Group audience (and, in particular, the members of the SME Finance Community of Practice), the intent with...
EIB, Banco Sabadell Sign Agreements To Help Finance Spanish SMEs
The European Investment Bank (EIB) and Banco Sabadell will provide EUR 800m to Spanish SMEs with the aim of supporting their investments and promoting the development of new projects, particularly in the services and industrial sectors. The EIB will grant a EUR 400m loan to Banco Sabadell, to which the Spanish bank will add an additional EUR 400m...
BBB Annual Report 2017
Over the past year, the British Business Bank has broadened and expanded their support for smaller businesses, cementing there place as a key enabler of finance markets in the UK. Their market impact continues to grow, as borne out by strong delivery against our Key Performance Indicators. The chair, Christina McComb said the bank had moved from...
Bank Windhoek ESME mentor program
One in five people in Nambia are employed in the SME sector and contribute over 12 percent to the gross domestic product. Bank Windhoek has experienced that in addition to financing, the major need of start-ups and small and medium businesses is mentoring. Mentorship guides SMEs on how to run a successful and sustainable business. As an SME...
Democratizing Globalization: How Small Businesses across America
PayPal conducted research in hopes give more small businesses to digital finance and inspire both owners and policymakers in supporting growth for SMEs in the U.S. This research found that SMEs PayPal users grew from 2015-2016 by 22.9 percent. Of these, less than five percent export. Women-owned small businesses grew and export at about 72 percent...
What SME Financial Jobs Are At Risk of Automation
Personal financial advisors have a 58 percent chance of computerization in the future, according to recent data on the probability of computerization. According to Carl Frey and Michael Osborne, financial advisors should be able to escape the rise of automation and artificial intelligence with jobs intact. The data also shows that insurance...
Ukraine is a focus of SME Finance memer OPIC
OPIC Project Finance Director John Didiuk reflects on his recent attendance at the EBRD’s Annual Meeting and Business Forum in Cyprus, where he joined discussions about the investment climate in Ukraine. Since 2014, OPIC has more than quadrupled its portfolio to support the Ukraine’s growth and stability through greater private sector development...
IFC Lends R2.5bn to Help SMEs
IFC has provided sub-Saharan African SMEs additional finance. R2.6bn has been committed through the SME Push Program to FirstRand. The program’s primary focus is enabling job creation, and encouraging the banks to provide financing to a wider section of the SME market. Over the next five to seven years, the program aims to widen its network to...
UN to Small Business: Create 600 Million Jobs!
The critical role small businesses play is being recognized by no less than the United Nations this week. The UN announced Thursday May 11 it would designate June 27, 2017 as Micro, Small and Medium Enterprises Day. The special designation acknowledges the vital position small businesses occupy in economies around the globe as job creators. The UN...