African Development Bank Inks €12.5 Million Deal With Adiwale Fund for SMEs
October 18th, 2019 – The African Development Bank on Thursday signed off on its €12.5 million equity investment in Adiwale Fund 1, a first-generation private equity fund targeting high growth potential Small and Medium Sized Enterprises (SMEs) in ...
SME Digital Banking Startups See Rapid Growth in Europe
October 21th, 2019 – The European Union (EU) is home to 24 million small and medium-sized enterprises (SMEs), representing about 99.8% of all companies and employing 93 million people that account for two-thirds of total employment. Although SMEs ma...
SMEs ‘Fail’ On Cyber Security
October 10th, 2019 – A survey by Chubb Australia suggests that only half of Australian SMEs are aware of their cyber reporting obligations, while less than half have a data breach response plan, and only a quarter have cyber risk insurance. The Noti...
Digital Technologies Can Facilitate Access to Trade Finance in Asia-Pacific Region
September 18th, 2019 – Financial technologies, such as blockchain and artificial intelligence, can enhance the efficiency and availability of trade finance, especially for small and medium-sized enterprises (SMEs) in the Asia and Pacific region, acc...
Facebook ties up with Teleperformance to offer advertising advice to SMEs in Africa
October 3th, 2019 – Facebook has tied up with Teleperformance to open its first Small Business Group (SBG) operations centre in Lagos. It will provide outsourced support to all English speaking advertisers in Sub-Saharan Africa. The centre will offe...
I4MS Issues a Training Tool on Digital Skills for the EU Manufacturing Sector
September 16th, 2019 – The I4MS online training catalogue is issued for delivering support to European SMEs on their digitalization process by providing the most in-demand skills in the manufacturing sector to aid them to remain competitive internat...
SMEs power Africa through digital disruption
SMEs are responsible for an estimated 77% of jobs in Africa and as much as half of GDP in some countries September 22th, 2019 – Digital disruption, underpinned by increasing levels of internet penetration and sophisticated global logistics, has brok...
Open banking, and what it means for European fintechs and consumers
September 12th, 2019 – Open banking is a global trend that is here to stay. Its development in Europe has been taken by the rest of the world as a lighthouse for other continents’ regulations, and it is expected that through it, fintechs will be a...
Blockchain in cross-border payments: SMEs’ opportunity in international trade
Globalisation has transformed the world’s economy. While the first stage of economic change was driven primarily by large corporations who had the resources and supply chains to expand internationally, the next wave of economic growth will be shaped by ...
SMEs to get European Commission funds
September 12th, 2019 – Small and medium enterprises using technology to solve local problems are set to access funds and professional assistance to expand their operations from the European Commission (EC). The EC has set up a Sh286 million fund tha...
