The digital divide: Why SMEs must cross borders
August 3th, 2022 – In most economies, small and medium-sized enterprises (SMEs) are the backbone, driving growth and employing a large proportion of the working population. Amid the COVID-19 crisis, they had a matter of weeks to expand, or create on...
Digitalisation drives SMEs and start-ups to leverage new multi-currency corporate banking products
August 22th, 2022 – In recent years, the adoption of digital channels has become necessary to survive in an increasingly contested business landscape. With the onset of the pandemic, there has been an accelerated shift to broaden digital services. R...
South Africa’s TymeBank to acquire SME funding fintech
August 8th, 2022 – South African digital bank TymeBank is to acquire Cape Town-based Retail Capital, a lending fintech that provides funding for SMEs in the country. South African digital bank TymeBank is to acquire Cape Town-based Retail Capital, a...
1 in 3 SMEs say they wont survive 6 months into a recession
July 20th, 2022 – As financial experts continue to predict an Australian recession in the next two years, concerning new research has found that 34% of Aussie SMEs would not survive more than 6 months of economic downturn, with 14% unable to survive...
77% of SMEs in Africa, others planning overseas expansion – Report
June 27th, 2022 – Seventy-seven per cent of small and medium-sized businesses in Eastern Europe, the Middle East, and Africa are planning to do more business internationally according to data from Mastercard’s 2022 Borderless Payment Report. The r...
British International Investment launches $25 million funding to grow SMEs in Africa
July 9th, 2022 – British International Investment (BII) and INOKS Capital have announced the launch of a $25 million trade access program to strengthen trade across the African continent by backing the growth of small and medium-sized enterprises. T...
Central Asian countries to borrow experience in e-commerce solutions
July 5th, 2022 – Enterprises within the Central Asian region to access a variety of financial services, Trend reports citing the Asian Development Bank (ADB). This is envisioned in the strategy to promote digitalization in Central Asia Regional Econ...
How investing in trade finance can be profitable and help SMEs thrive
June 23th, 2022 – Trade constitutes the backbone of every economy and 80-90% of global trade requires financing. Small and medium-sized enterprises (SMEs) account for around 90% of companies and more than half of the jobs worldwide according to the ...
Ecobank, Mastercard empower African farmers
Ecobank Group and Mastercard have partnered to connect millions of smallholder farmers in Sub-Saharan Africa to Mastercard’s Farm Pass – a digital platform that makes it safer and easier for farmers to sell their produce at a fair price. Under the par...
The key to boosting economic recovery in Latin America
June 9th, 2022 – Latin American and the Caribbean (LAC) countries’ experience of widening inequalities as a consequence of climate change, the pandemic and other shocks, could be mitigated by focusing on digital transformation in transport. The tr...
