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Member News: Diamond Bank Rewards Five Entrepreneurs with N15m to Strengthen SMEs Development
Leading retail bank, Diamond Bank Plc has once again demonstrated its passion for supporting small businesses by rewarding finalists of the seventh season of the Building Entrepreneurs Today (BET) programme with N15million grant. Ikenna Ubah, Tope Alake, Jumoke Dada, Bayo Ojelabi and Osagie Azeta emerged winners of the grants having displayed...
ICSB Releases First Ever MSMES Report
Following the commencement of the MSMEs Forum at the United Nations on May 12, the International Council for Small Business (ICSB) released a 108-page report and hope it paves the way for MSMEs from today and through the future. This report was developed with the idea of creating a shared focus to establish Guiding Principles to help support MSMEs...
Improving Access to Finance for SMEs through Credit Infrastructure Reforms
This report focuses on practices aimed at improving SMEs access to finance in three areas—credit reporting, secured lending and insolvency. Each section uses data collected by the World Bank Group's Doing Business team to describe how various practices recommended by existing research have been implemented in economies across the world. The first...
SME Finance Forum Participates in MSME Day 2018
Listed as an official resource by the United Nations, the SME Finance Forum celebrates the second annual Micro-, Small and Medium-sized Enterprises Day today, June 27. The Forum is explicitly associated with helping achieve the implementation of Sustainable Development Goals 8 (decent work and economic growth) and 9 (industry, innovation and...
City Bank Joins 140 Other Financial Institutions to Promote SME Finance
Washington, D.C., June 26, 2018 – City Bank became the newest member of the SME Finance Forum, a global membership network that brings together financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs. “200 million businesses worldwide need financing to...
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...
IFC Vice President Karin Finkelston Speaks about Digital Opportunities in Africa
A few years ago, about two million people were unbanked worldwide. The World Bank is working to bridge that gap through a commitment to universal access to financial services by 2020. IFC Vice President Karin Finkelston says the segments that should be focused on are youth, women, rural populations and smallholder farmers. “When we look at where...
GDPR Becomes Reality, Consumer Data Becomes Global
The European Union’s General Data Protection Regulation (GDPR) took effect on May 25. PYMNTS.com has gathered thoughts on GDPR from payments luminaries. This publication includes articles from what they said about the challenges and rewards of a new regulatory environment.
Building the Future-Ready Bank: Banking Technology Vision 2018
Retail banking is witnessing a revolutionary moment in China. With over 1.5 billion active users, Alipay™ and WeChat are reshaping the payments landscape with a deluge of innovations that are making both cash and traditional card payments anachronistic in some cities. While mobile payments languish in the low single digit percentage in the U.S.,...