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Afghan Tech Entrepreneur Uses Bitcoin To Empower Women

Still today, millions of women throughout the developing world don’t have access to institutional financial services because cultural stigmas linger long after the laws on the books recognize women’s rights.

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EBRD Promotes Belarus Local Currency Lending and Corporate Governance
The EBRD and Belarus are joining forces to improve the domestic investment climate and corporate standards, with new initiatives in the area of local currency lending to small and medium-sized enterprises (SMEs) and the commercialisation and governance of state-owned enterprises. During a visit by EBRD President Sir Suma Chakrabarti to Belarus,...
UK Government, Five Big Banks Sign SME Finance Deal
The UK cabinet has agreed to support SME financing in an effort to support export-oriented industries. Five major British banks (Barclays, HSBC, Lloyds Banking Group, Royal Bank of Scotland and Santander) have partnered on the deal to provide more finance options to export-oriented, allowing the UK to boost export volumes, create new jobs and spur...
Nigeria ramps up support for smaller-scale businesses
In a key move, March saw the Central Bank of Nigeria (CBN) approve the licence for the Development Bank of Nigeria, whose role will include supporting small businesses by offering them competitively priced financing in the form of loans with lower than usual rates of interest and longer tenures. The government is seeking external financing for the...
A new role for development banks?
Earlier this month, development banks from around the world took stock of where they stand and where they see their efforts having the greatest impact at a meeting organized by the World Bank and Brazil’s development bank, BNDES. As the world struggles to find funds to meet the Sustainable Development Goals, development banks can be instrumental...
New lending standards a 'win-win' for lenders and businesses
With potentially thousands of SMEs lining up to secure funds necessary for expansion or consolidation, new lending standards have now been introduced to ensure the safety of those borrowing money. The new Standards of Lending Practice will replace the existing Lending Code, bringing enhanced protections for a wider range of businesses. In addition...
Call to expedite bankruptcy law will help SMEs
The call by the International Monetary Fund (IMF) to facilitate small and medium-sized enterprises (SMEs) and start-ups' access to finance in the UAE is expected to expedite the implementation of the long-pending bankruptcy law. The landmark legislation, passed by the UAE cabinet in July 2015 but not yet enforced, is expected to decriminalise...
Technology and Partnerships Crucial for Reaching “Last Mile” Small Business Customers
May 20, 2016 - Development finance institutions (DFI) convened in Rome for a two-day event to discuss strategies for accelerating the growth of small businesses. This year’s event focused particularly on 'last mile' customers in rural areas such as small-holder farmers, women and youth. They are often the most neglected segments when it comes to...
Here is how banks can better compete for, and profit from, SME business
SMEs are the backbone of the UK economy, generating roughly half of all private sector turnover and employing around 60 per cent of the UK workforce, according to the Federation of Small Businesses.
More Cash, New Look for Egypt SMEs
Egypt’s central bank has opened 2016 with two moves that could mean a lot to tech startups - or nothing at all. In December 2015 the Central Bank of Egypt (CBE) changed its definition of SMEs and in early January this year it changed the rules around bank lending - stipulating that at least 20 percent of any bank’s loan book had to be to SMEs by...
Policy, regulatory reforms to facilitate SME financing in Bangladesh
The focus on the small and medium enterprise or SMEs, as they are called, is a departure from concentrating only on large businesses as the route to generate income and employment opportunities of a significant number of people in a country like Bangladesh. SMEs are typically labor intensive industries with relatively low capital intensity and as...