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Library

Cybersecurity for Mobile Financial Services: A Growing Problem
Mobile phones are helping millions of low-income customers to access financial services for the first time, but they are also exposing them to new cyber threats they could never have imagined. The Serianu 2017 Africa Cyber Security Report estimates that cybercrime in mobile-based transactions costs businesses $140 million per year in Africa. Why...
Member News: Nova Credit Founder Shares Finance Advice in Forbes 30 Under 30
Business Insider asked Forbes 30 Under 30 finance superstars to share their best career advice for young professionals. Loek Janssen, 29, cofounder and CTO of Nova Credit - a SME Finance Forum member - started for a Stanford graduate research project. It's gained rapid adoption since then. Now, the startup has raised $20 million to-date and is...
UN's 6 Principles for Responsible Banking
The Principles for Responsible Banking provide the banking industry with a single framework that embeds sustainability at the strategic, portfolio and transactional levels and across all business areas. The Principles align banks with society’s goals as expressed in the Sustainable Development Goals and the Paris Climate Agreement. As society’s...
The Ideal SME Finance Deal
Tips and tools are revealed on how SMEs should approach seeking finance along with strategies to improve their success with gaining finance. Utilizing online resources and guides can help SMEs learn more about alternative finance options. “Industry associations such as the Federation of Small Businesses and Enterprise Nation, as well as local...
Video: Head of Emerging Business at Diamond Bank Discusses SME Clinics in Nigeria
SME Finance Forum member Diamond Bank’s Head of Emerging Business Ayo Olojede, sits down with CNBC Africa to discuss the challenges SMEs face and how the SME Clinics in Nigeria are providing services to solve these issues. The most prominent issue SMEs are facing is access to finance, according to Olojede. There are challenges around interest...
Member News: QDB Launches The ‘Qatar National SME Definition’
SME Finance Forum member, Qatar Development Bank (QDB) launched the ‘SME Definition’ in partnership with the Ministry of Commerce and Industry in addition to a SportsTech Accelerator in the Middle East and Africa region. The Ministry of Commerce and Industry and QDB worked together to provide a cohesive definition for SMEs. According to the...
The Challenges and Opportunities of SME Financing in Africa
The London Stock Exchange released a report detailing the issues faced by SMEs and opportunities with financing in Africa. SMEs account for about 90 percent of Africa’s businesses and the driving force of the continent’s economic development, yet they are still facing financial barriers. Key challenges SMEs are facing include: Inefficiency of...
A Research Agenda for the Small and Growing Business Sector: Summarizing the Current Evidence and Research Needs
ANDE and the International Growth Centre at the London School of Economics released the report A Research Agenda for the SGB Sector in November 2018. Hundreds, if not thousands, of programs exist to help drive business growth in emerging markets. But what does the evidence actually tell us about whether these programs help businesses grow? And...
UNSGSA Annual Report 2018
The United Nations Secretary-General’s Special Advocate (UNSGSA) annual report was released and focuses on financial inclusion, technology, innovation and progress. The report covers the advancements with mobile money and technology, in addition to covering the challenges associated with data privacy. Nations Secretary-General’s Special Advocate...
World Bank Supports Finance Ministry’s Proposal for Exit Capital Tax for SMEs
The Finance Industry of Ukraine plans to introduce an exit capital tax for SMEs with an annual income of up to UAH 200 million. According to the article, replacing the profit tax by the exit capital tax for SMEs meeting the above criteria, is a way to cut the budget loss. With the support of the World Bank, the exit tax capital will avoid a threat...