All News and Announcements

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News

South Africa's Sava and Mastercard Partner to Support Small, Medium, and Micro Enterprises

Through the partnership, the two entities will provide small businesses in South Africa, Nigeria, Kenya, and Egypt with an online platform, powered by SAVA’s Payment Transaction System, that includes digital bank accounts and accounting integration tools.

News

New Secured Transactions Registry to Help Expand Financing for Small Businesses in Sri Lanka

The newly established Secured Transactions Registry aims to facilitate the use of moveable assets as collateral for loans while ensuring financial stability and fostering economic growth in Sri Lanka.

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PayPal Extends Payment Options for Online SMEs With New Solution

PayPal is introducing a new offering that will enable small and medium-sized enterprises (SMEs) to accept a wider range of payments online.

News

USAID Signs Agreement to Support the Expansion of Union Bank’s Women-Focused Financial Services

This impactful collaboration will promote financial inclusion by addressing the specific needs of female customers in the banking sector through in-depth market research, a robust Customer Value Proposition, and strategic linkages with Sri Lankan women and women-owned Small and Medium Enterprises.

News

M-Pesa/Microsoft Pact Underscores Tech’s Role in Small Business Financial Inclusion

The recent announcement of joint efforts by Microsoft to build new financial services for businesses hints at a multipronged effort to boost financial inclusion, including financial inclusion for smaller businesses, leveraging the M-Pesa platform.

News

IFC’s First Investment in Banco Atlas to Support SMEs and Women-Led SMEs in Paraguay

The investment will directly support IFC priorities in Paraguay, fostering private investment and competition; encouraging economic formalization through financial resources for local businesses; and directing capital toward solutions that drive gender equality.

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British International Investment and Compagnie Financière Africaine (COFINA) Advance Gender Finance for Small Businesses in Côte D’Ivoire Through EUR 14 Million Loan

The partnership will enhance local Micro-, Small- and Medium-sized Enterprises’ access to much needed credit for business growth, help create jobs and address gender finance gap.

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Symbiotics Unveils 2022 Impact Report: Promoting Sustainable Development Through Financial Inclusion

With the proceeds of this $5,000,000 green bond, candi solar expands its project portfolio to equip small and medium enterprises (SMEs) with affordable and reliable solar power across emerging markets.

News

IFC and DFC Invest in Pomona Impact Fund II to Foster Growth of SMEs, Strengthen Private Equity Markets in Central America

IFC and DFC's backing, with $7.5 million in equity investment from each institution, will enhance Pomona's support for SMEs in the agriculture, education, health, and water sectors, among others.

News

IFC Invests in Shinhan Finance to Support Smaller Businesses in Kazakhstan

The financing will allow Shinhan Finance to continue providing much-needed longer-term loans and enhance the resilience of smaller enterprises, which are critical for economic growth and job creation.