The analysts calculated the value of fintech investment in GDP per capita of the GCC region using Tracxn data on funds raised by fintech companies. In 2022, the UAE was a leader with a significant gap – $636.4 (1.01%) in GDP per capita came from fintech. It was followed by Bahrain with $89 (0.24%) and […]
In a collaborative effort to bolster the growth of African small and medium-sized enterprises (SMEs), the Shoprite Group, Africa’s largest supermarket retailer, and Demica, a leading supply chain finance solutions provider, joined forces at the end of 2022 to provide accessible and affordable funding opportunities. Over the past year, this partnership has already benefitted 82 […]
After a somewhat turbulent 2023, which ultimately turned out much better than expected, 2024 is shaping up to be as decisive as it is uncertain, both in (geo)political terms, with more than 60 national elections – presidential and/or legislative – and in economic terms, with risks mounting on a still slowing global economy. In this […]
In 2022, the digital economy of Southeast Asia was estimated at $1.6tn GVA, which is equivalent to 44.8% of the region’s GDP. 62.9% of it was represented by the Digital payments sector, which is equivalent to approximately $1tn of gross value added. Digital payments were followed by Electronics & optical production (21%), Information and telecommunication […]
The year 2024 is expected to present challenges for banks as they prepare to navigate a range of macroeconomic hurdles. It is important for banks to focus on operational efficiency and managing their risks, to be ready to reap the rewards when growth returns in 2025, according to KPMG’s latest report. The KPMG Hong Kong […]
Stears (https://www.Stears.co/home/), a leading economic analysis and data-driven insights provider, has unveiled its much-anticipated 2024 African Outlook Report, delivering nuanced insights into the continent’s economic landscape. Contrary to broad generalisations, the report sheds light on the diverse growth trajectories across Africa, with East Africa emerging as a regional powerhouse. In 2024, Africa’s overall growth is […]
Think SME, a leading accountancy and corporate service provider headquartered in Singapore, today announced its strategic expansion into Hong Kong and China. The move signifies the company’s unwavering commitment to assisting small and medium enterprise owners and entrepreneurs in achieving their full growth potential in an effective and hassle-free way. Founded in 2013, Think SME […]
The financing package comprises a €1.027bn loan guaranteed by ECAs and a separate €220m commercial loan facility supported in part by the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC). MUFG was appointed the sole mandated lead arranger, coordinator, structurer and agent bank by the Turkish Ministry of Treasury and Finance. UKEF […]
Fibank (First Investment Bank) has launched a new high-end card product suitable for business customers – Visa Platinum Business Debit. The cards are designed for managing company funds and bring a number of privileges to customers, such as: Attractive cash back; Travel insurance with comfortable coverage when traveling abroad; Exclusive services and other benefits. Fibank […]
Liberis, a pioneer in embedded business finance solutions, announced it has secured $112m in debt financing to support its further growth in North America and Europe and expansion into new markets, including Canada and Germany. This strategic collaboration is set to inject a substantial sum of $112m from HSBC Innovation Banking and BCI Capital across […]
