Tag: small and medium-sized enterprises
China Development Bank and African Export-Import Bank to Support Small and Medium-Sized Enterprises
By Irene Gaitirira Published August 29, 2023 China Development Bank (CDB) has signed a development-focused agreement to provide African Export-Import Bank (Afreximbank) with a US$400-million term loan facility to support the financing of small and medium-sized enterprises (SMEs) across Africa. The agreement, signed by Tan Jiong, President of the state-funded…
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Financial Institution Empowers Women-Led Businesses
By Irene Gaitirira Published October 3, 2022 Ecobank has launched a programme called Ellevate to support women-led and women focused businesses in Kenya. Though women own about one-third of all registered Small and medium-sized enterprises (SMEs), they lack access to high quality, demand-driven financial services; it is estimated that women-owned…
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Fund to Create Jobs for Rural Youth Launched
By Abdi Ali Published February 17, 2018 A fund to help rural entrepreneurs in the agricultural sector access finance to grow their businesses and create jobs for rural people has been launched. The aim of the fund, known as Agri-Business Capital (ABC), is to generate private sector investment in rural…
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Rwanda Launches Electronic Platform to Promote Economic Development
By Abdi Ali Published November 4, 2018 Rwanda has launched Africa’s first electronic world trade platform (eWTP) hub to grow its economy. This follows the signing of three Memoranda of Understanding (MoU) between the Government of Rwanda and a Chinese company called Alibaba Group that will enable Rwanda’s small and…
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