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Member News: CEO of Standard Chartered Bank Shares His Plans for the Region and Strategic Partnerships Opportunities

In an interview with Bloomberg BusinessWeek, regional CEO of Africa and the Middle East for Standard Chartered Bank, Sunil Kaushal shared his plans and partnerships with India and UAE.

Kaushal shared,“Mmy vision is to build up a business which delivers a solid result and generates the right returns for all our stakeholders – but on a sustainable basis with a strong foundation of controls and compliance.”

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Member News: OPIC Approves Close to $900 Million To Expand Access to Financial Services to Africa, Asia and Latin America
SME Finance Forum member, the Overseas Private Investment Corporation (OPIC) approved approximately $895 million in financing and political risk insurance that will benefit Africa, Asia and Latin America in energy, healthcare, housing and financial services, according to a release by OPIC. The funds will contribute to the following OPIC...
Experts Join CREM and SMEDAN to Chart New Course for SME Funding in Nigeria
A business forum in Lagos, conducted by Centre for Research in Enterprise and Action in Management (CREM) examined the journey of SME funding in Nigeria. Noel Ihebuzor, Phd, Dean of CREM shared the factors inhibiting SMEs from receiving funds to grow. They include: Unfavourable government policy Improper implementation Accessibility obstacles...
Tunisia’s Equal Inheritance Law Could Boost Female Entrepreneurship
A law was proposed by Tunisia’s President, Beji Caid Essebsi, that equal inheritance be available for men and women. Tunisia would be the first country in the Arab world, according to the article to implement equal inheritance, which would result in financial inclusion for Tunisia women. Right now, “The inheritance law is a significant barrier for...
SME Bank of Thailand Seeks to Unload B10bn in NPLs
In an effort to lower the non-performing loan (NPL) ratio to around 10 percent, the state-owned SME Development Bank of Thailand will remove 10 billion baht worth of bad loans. Currently, the bank stands at 16-17 percent in outstanding loans. In addition, the bank is lowering their NPL ratio to prepare for the International Financial Reporting...
Going Digital: Rural SMEs Face Funding, Knowledge, Manpower Issues
The SME Association of Malaysia states, funding, digitization knowledge and lack of manpower are negatively affecting rural SMEs aiming to implement digitization. Datuk Michael Kang Hua Keong, national president of the Association believes the government can do more to help SMEs. “The government can also assist SMEs in providing lower cost in e-...
Member News: Co-operative Bank of Kenya Launches Financial Solutions for MSMEs
A packaged financial solution, launched by Co-operative (Co-op) Bank of Kenya, will go towards supporting MSMEs. Co-op Bank of Kenya has worked with the International Finance Corporation (IFC) over the past year, to understand the inner-workings of the MSME business segment to improve MSMEs. Co-op Bank will offer training programs, forums and...
Minister Ng Meets With Small Business Owners in British Columbia
The Minister of Small Business and Export Promotion, the Honourable Minister Ng, met with business owners in British Columbia to learn about the trials and triumphs encountered by SMEs when doing business. While there, Minister Ng announced she will provide $3.5 million in funding to support British SMEs through the Canada Summer Jobs Program...
Member News: Standard Chartered to Jointly Launch a Trade Finance Platform
According to Reuters , Hong Kong’s banking regulator and seven banks, including SME Finance Forum member Standard Chartered PLC said they will jointly launch a trade finance platform in September using blockchain technology. Reuters says the platform will be one of the largest examples globally of a government-led, cross-bank effort to reform the...
Member News: Mastercard Partners with Unilever on SME Lending in Kenya
MSMEs need loans and grants to thrive in emerging economies. Mastercard's and Unilever's CEOs have a solution. SME Finance Forum member Mastercard is working with Unilever on new lending models for micro merchants in Kenya. Ajay Banga is the president and CEO of Mastercard. Paul Polman is the CEO of Unilever. Their Fortune piece highlights they...
Member News: OPIC Explores Opportunities to Link American Investors with Zambian Entrepreneurs, Including Women.
SME Finance Forum member, Overseas Private Investment Corporation (OPIC) President and Chief Executive Officer Ray W. Washburne traveled to Zambia where he toured Zambia’s first utility scale solar power facility which is being supported by a $13 million OPIC loan and a $26 million loan from the International Finance Corporation to Neoen and...