News

World Bank's Women Entrepreneurs Finance Initiative (We-Fi) Launched with Ivanka Trump, Donors

Just three months ago, at the G20 leaders’ summit in Hamburg, Germany,the creation of We-Fi, an innovative new facility to advance women’s entrepreneurship and help women in developing countries increase their access to the finance, markets, technology, and networks necessary to start and grow a business, was announced.

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News

Global Annual Price Tag for SME Manual Administration Tasks: $600 Billion
This study for Sage looks at the cost to small and mediumsized enterprises of administration tasks, including both operational and regulatory requirements. Analysing a survey of over 3000 companies across 11 countries, we consider whether technology can be used to reduce this burden, and how governments can encourage its take-up. The report...
ICC and WTO Launch ‘Small Business Champions’ Initiative and Open Call for Proposals
A joint effort to facilitate participation by smaller companies in international trade was launched by World Trade Organization (WTO) Director-General Roberto Azevêdo and International Chamber of Commerce (ICC) Secretary-General John Danilovich. The initiative, entitled 'ICC-WTO Small Business Champions', will provide a platform for companies and...
Mohammad Bin Rashid Fund Partners With Metis Consultancy To Support SMEs
The Mohammed Bin Rashid Fund (MBRF), a fund established by H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister and Ruler of Dubai to finance the UAE's youth and SME projects, has now set up a post-fund monitoring service for its portfolio companies. Appointing Metis Management Consultancy to carry out this special service...
Survey Shows Late Payments Affect SME Cashflow
In partnership with BDRC Continental, Ultimate Finance conducted research into the impact of late payments on the SME sector. The figures showed that late payments cause cashflow problems for UK SMEs. The main political parties have said they plan to end the issue with legislation such as late payment reporting. Overall, 81 percent of SMEs state...
Bank Windhoek ESME mentor program
One in five people in Nambia are employed in the SME sector and contribute over 12 percent to the gross domestic product. Bank Windhoek has experienced that in addition to financing, the major need of start-ups and small and medium businesses is mentoring. Mentorship guides SMEs on how to run a successful and sustainable business. As an SME...
Member News SIDBI Announces Certified Credit Counsellor Program
SME Finance Forum member, SIDBI, has created a program to address the challenges the MSME sector faces regarding credit. The Certified Credit Counsellor program for the MSMEs is a response to the findings of the 4th MSME census that revealed only 7 percent of SMEs can avail financing from organizations. This provides an opportunity for the growth...
Member News: The MasterCard Foundation and MicroSave Collaborate to Advance Digital Finance Services in Francophone Africa
MicroSave , in partnership with The MasterCard Foundation, today launched a new program to develop tailored training courses in digital financial services (DFS) in francophone markets of Africa. The program is expected to benefit over 250 DFS providers and will focus on the WAEMU region, the Democratic Republic of the Congo, and Madagascar...
Member News: Bank of China seeks to link Pilippines SMEs to its clients
Bank of China (BoC) Thursday kicked off a campaign to link small and medium enterprises in the Philippines to its network of clients through matchmaking forums next year. The 104-year-old commercial bank, described as China’s most internationalized and diversified bank, which has been operating here since 2002, is working with the Philippine...
Online Certificate in Digital Money for digital financial services professionals
The Digital Frontiers Institute (DFI), in partnership with Fletcher School at Tufts university has developed and is offering The Certificate in Digital Money. This 12 week course on Digital Financial Services (DFS) provides a high-level view of the various elements of DFS, and practical insights into key operational details, helping to map out...
BOC plays cupid between Chinese and foreign SMEs for an economic cause
Bank of China has organized 23 cross-border " matchmaking " events for more than 8,000 small and medium-sized enterprises , or SMEs , from 56 countries and regions since 2014. One such event was held in Milan , Italy in 2015 where Wang Da ' an , chairman of a clothing company in Zhejiang , was invited . But Wang ' s initial reaction was to turn...