The government’s SME initiative adds balance because Egypt’s millions of SMEs once comprised only a small fraction of banks’ clients.
The AGF guarantees the loans of SMEs and ensures banks are equipped to finance them. In doing so it not only promotes growth but also makes profits for its shareholders, as its CEO explains.
Consumers are spending more and investors are showing greater confidence in the South African economy under the new president. However, question marks remain over the direction of reform.
One year ago, Kenya’s central bank implemented an interest rate cap, but following unintended consequences and strong lobbying by the banks, it seems that the decision will be reversed in the near future.
Using green technology can be a good business. We want to boost financing and show others it can be done, says Felix Bikpo CEO at African Guarantee Fund
Afreximbank plans to be the catalyst to steer Africa away from a model of exporting raw materials, says chief economist Hippolyte Fofack.
Originally heralded as a panacea for local entrepreneurs, Kenya’s interest rate caps are now throwing small businesses off balance.
In South Africa, black entrepreneurs face big hurdles. Large companies and banks are not doing enough to support them.
Nigeria’s SMEs are starved of credit. The Development Bank of Nigeria will help channel funds to them.