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Navigating the Financing Paradox for WSMEs: Workable Solutions for Increasing Financial Inclusion Among Women-Owned or -Led Small and Medium-Sized Enterprises
In Africa, an estimated $42 billion financing gap exists for small and medium-sized enterprises owned or led by women (WSMEs). According to Nathalie Gogue-Ebo, Crystal Mugimba, Millie Maina and Shiemaa Ahmed at Open Capital, this gap has persisted despite the fact that women own the majority of the continent’s SMEs, and that globally, they default on their loans at a rate 53% lower than men. They explore the main roadblocks facing African WSMEs, and share some solutions that can ensure that these women entrepreneurs have access to the capital they need to thrive.
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U.S. Department of the Treasury Releases Inaugural National Strategy for Financial Inclusion
This Strategy is intended to promote an inclusive financial system that works to reduce rather than increase disparities.
- Region
- North America
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Wahu Mobility and Letshego Partner to Accelerate Electric Vehicle Ownership Across Africa
The initiative introduces affordable financing options for EV ownership.
- Categories
- Energy, Technology, Transportation
- Region
- Sub-Saharan Africa
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Press Release: MODIFI Secures Strategic Investment From SMBC Asia Rising Fund to Fuel Asian Exports by SMEs
Fintech leader strengthens position in cross-border B2B payments and trade finance, eyeing rapid growth across Asia, including China and India.
- Categories
- Finance, Technology
- Region
- Asia Pacific
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Mastercard, Orange Partner to Increase Financial Inclusion in Seven African Countries
A deal between Orange Middle East and Africa and Mastercard aimed at driving financial inclusion for millions of Africans across seven countries through digital payments is set to go operational next year.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Press Release: EFT Corporation and Visa Partner to Bolster Fintech Growth in Africa
This partnership will provide fintechs with access to comprehensive prepaid and debit card programmes tailored for diverse consumer needs.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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India’s IndusInd Bank Tumbles 15% on Becoming Latest to Warn of Microfinance Loan Stress
While at least eight of the 41 analysts covering the stock cut their price targets, their average still remains the equivalent of "buy", according to LSEG data.
- Categories
- Finance
- Region
- Asia Pacific
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Press Release: IFC and Equity Bank of Kenya Partner in Landmark Facility to Support Financial Inclusion for Refugees
The project is expected to serve as a model for similar private sector support initiatives in other African countries hosting large refugee populations.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- financial inclusion, MSMEs, refugees
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