African SMEs to benefit from US$74mn guarantee facility
March 6th, 2018 – Small businesses operating in Africa’s infrastructure sector are set to benefit from a new US$74mn re-guarantee facility. The facility has been agreed between the African Guarantee Fund for Small and Medium-Sized Enterprises (AGF...
ASEAN’s FinTech Reputation Rubs Off On SMBs
February 22th, 2018 – Southeast Asia is now front and center on the world’s FinTech stage, and it’s no accident. Regulatory efforts to promote FinTech innovation, a bustling climate for blockchain and interest from other markets eyeing the regio...
A cryptocurrency accessible outside the internet
February 22th, 2018 – Introducing mCoin, the first cryptocurrency accessible on any mobile. mCoin is a unique first of a kind inclusive cryptocurrency that makes it possible for the 3 billion people around the world who don’t have access to the In...
Fintech business lenders to self-regulate
February 27th, 2018 – A lack of transparency around fintech borrowing costs for small businesses has prompted the industry committing to adopt a code of conduct and standardised interest rate and fee disclosures. The fintech sector hopes moves to se...
SMEs rely on tech to boost productivity and profitability
February 21th, 2018 – According to results of the Asean SME Transformation Study by UOB, D&B, and EY, SMEs in Singapore and the ASEAN region are trying to leverage technology and simplify their business processes to raise productivity and become...
Global Economy to edge up to 3.1 percent in 2018, but future potential growth a concern
WASHINGTON – January 9th, 2018 – The World Bank forecasts global economic growth to edge up to 3.1 percent in 2018 after a much stronger-than-expected 2017, as the recovery in investment, manufacturing, and trade continues, and as commodity-ex...
India 6th wealthiest country with total wealth of $8,230 billion: Report
NEW DELHI – January 30th, 2018 – India has been ranked sixth in the list of wealthiest countries with total wealth of USD 8,230 billion, while the United States topped the chart, says a report. According to a report by New World Wealth, the Un...
R1.2 billion boost for small business lending in SA
February 6th, 2018 – IFC, a member of the World Bank Group, announced new financing of R1.2 billion ($100 million) to support FNB’s lending to small and medium enterprises, with a focus on women-owned businesses. The financing falls under the IFC ...
Advancing Financial Inclusion Metrics: Shifting from access to economic empowerment
January 18th, 2018 – Financial inclusion is at a turning point. Due to advances in technology, the unprecedented advent of transactional and behavioral big data and greater multistakeholder collaboration, there is a realistic opportunity to reach th...
ModulTrade and Yangting Internet Technology Announce Strategic Partnership to Allow SMEs to Expand Their Global Reach
LONDON – January 29th, 2018 – On Friday 26th January 2018, ModulTrade a blockchain-based B2B global trade platform and Yangting Internet Technology, an investment vehicle for Alibaba, announced a strategic partnership to support SME customers ...
