Business Daily Africa’s Post

Insightful discussion on what Development Finance is and how it differs from Corporate Finance. A must read.

#MFW4ABlog SMEs in Africa face exclusion from formal credit due to rigid bank criteria. It is time for financial institutions to adapt by incorporating local social systems and informal credit checks. Leveraging community trust and traditional structures can unlock crucial financial resources for African SMEs to grow and thrive. See the blog Making Finance Work for Africa (MFW4A) recently published on addressing involuntary financial exclusion for African SMEs here: https://lnkd.in/dAUdSQKu The authors are Prof. Dr. Amon Simba, Dr. Mahdi Tajeddin, Prof. Dr. Leo Paul Dana, and Prof. Domingo E. Ribeiro Soriano #FinancialInclusion #Africa #BusinessGrowth #InclusiveFinance #SMELending #SMEFinance #Entrepreneurship

Did You Know? 🚨 49% of UK SMEs report that gaining access to finance has become more difficult over the past 3 years. This statistic highlights a growing challenge for small businesses striving to expand, innovate, and thrive in today’s tough economic climate. From rising interest rates to reduced lending opportunities, the barriers are real—and they’re impacting nearly half of our SME community. We need to champion better support, awareness, and access to finance for the backbone of our economy. Let’s back our SMEs! 💪 #SmallBusiness #UKSMEs #BusinessFinance #FundingChallenges #SupportSMEs #EconomicGrowth #FinanceMatters Source: British Chambers of Commerce - https://lnkd.in/dnmD4BTv

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A month after Kenya’s credit position downgrade by Mooduly’s credit rating agency,now Fitch has also followed suit to downgrade Kenya to B- This essentially means the credit rating for businesses has also followedsl same suit as they operate in this economic environment. More to be seen on the impact to interest rates and the financial services to the domestic markets. #Fitchcreditrating #Moodys #Kenyaeconomyrating

Fitch has downgraded Kenya's credit rating to 'B-' with a stable outlook from 'B'. This comes barely a month after Moody's Agency downgraded Kenya's credit rating to 'Caa1' from 'B3', while maintaining a negative outlook. The attribute is same, rotating around the withdrawal of the Finance Bill 2024, and the Kshs 344 bn the government will not be able to collect in revenues. Fitch highlights the growing government debt, and the heightened cost of debt, both in domestic and external markets The downgrade by the two agencies is likely to cause investors to flee the Kenyan market, and a higher cost of borrowing for the country, especially from external lenders.

Encouraging Developments for Tshwane! Sovereign Africa Ratings has confirmed a stable long-term outlook for our city, reflecting confidence in our economic stability and financial strategy. Despite short-term challenges, we remain dedicated to financial transparency and fiscal improvement. Steadily moving towards a stronger financial future! #SAR #CreditRating #CityOfTshwane #EmergingMarkets #Development #Investment #Transparency #EconomicOutlook #PositiveNote #FinancialStability https://lnkd.in/d3JGTwZ8

Choosing a financial partner for your business is a huge decision that is based on trust. Ensure you do your due diligence before undertaking a loan because your business deserves a trusted lending partner. At Asante Financial Services Group, we take pride in our regulatory compliance in Kenya, Uganda, and Rwanda. It's our unwavering commitment to financial inclusion, literacy, and well-being. Trust isn't just a word; it is our responsibility. Unlocking Potentials!