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Africa SME Champions Forum : « Les PME doivent se transformer numériquement »
La 6e édition de l’Africa SME champions Forum, un rendez-vous annuel dédié aux petites et moyennes entreprises, a baissé les rideaux le 13 novembre 2019, après deux jours de rencontres et d’échanges entre entrepreneurs et investisseurs à Johannesburg, en Afrique du Sud. (CIO Mag) – Parce que « ces petites et moyennes entreprises sont des moteurs de croissance » comme le considère Ibrahima Cheikh Diong, président d’Africa Consulting and Trading et présentateur de la première journée de ce forum, elles ont mobilisé un important nombre de personnes intéressées et concernées.

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Africa SME Champions Forum: «l’argent existe mais l’accès pose problème»
Le financement des PME reste la grande problématique des économies africaines. L’argent existe mais l’accès pose problème, l’information est rare. Bonsoir C’est l’une des principales conclusions de la conférence «Africa SME Champions» ouverte le 12 novembre à Johannesburg en présence des acteurs des écosystèmes nationaux et régionaux de la PME. Si l’argent existe, le financement d’une petite entreprise reste encore une exception. Sans une réponse adéquate à cette question, il n’y aura pas de solution à l’inclusion des jeunes africains laquelle passe par l’accompagnement des PME», a déclaré Didier Acouetey, président de Afric Search, initiateur de l’événement.

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Africa SME Champions Forum: le sénégalais Papa Amadou Sarr de la DER primé
Directeur de la Délégation sénégalaise à l’Entrepreneuriat Rapide (DER), Papa Amadou Sarr est «le champion 2019 de l’accompagnement des PME et des porteurs de projet». L’annonce a été faite mardi 12 novembre 2019 en marge de l’Africa SME Champions Forum qui se tient à Johannesburg.

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Dr Mayaki AUDA-NEPAD
Dr Mayaki AUDA-NEPAD CEO today received the Grand Cordon of the Order of the Rising Sun from Japanese Emperor Naruhito at the Imperial Palace in Tokyo in recognition of his outstanding contribution 2 promoting relations & mutual understanding between Japan & Africa @NEPAD_Mayaki

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South Africa stuns England to win Rugby World Cup and inspire a nation
The 6th Africa SME Champions Forum is set to run from the 12th to the 13th of November 2019 in Sandton, Johannesburg, South Africa.
The 2-Day program will bring together 400 of Africa’s best high growth SMEs, large corporations, key financial institutions, experts in business development for SMEs and policy makers. The purpose of the forum is to build the capacity of attending SMEs, getting the SMEs ready for financing and putting them in front of key financial institutions and funding partners. Every attending SME is meant to end the event in a position poised for growth within the next 12 months.

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South Africa stuns England to win Rugby World Cup and inspire a nation
The picture of Kolisi holding the glistening gold Webb Ellis trophy high above the Yokohama sky after South Africa's 32-12 win over England will adorn the front and back pages of newspapers across the world.
It is a picture that will become part of history, but also perhaps, a glimpse of the future. "It is really special and it was more than just a game for us," Kolisi told ITV after the game. "We are really grateful to have our families here and all I want to do is to inspire my kids and every other kid in South Africa. I never dreamed of a day like this at all. When I was a kid all I was thinking about was getting my next meal.

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AfDB completes its €12.5 mln investment deal for SMEs in Francophone West Africa
(Ecofin Agency) - The African Development Bank (AfDB) has inked its €12.5 million equity commitment to the first investment fund of Adiwale Partners, the institution said in an official statement issued on October 18. The deal signing follows a commitment decision taken in March 2019, with the approval of the AfDB Board of Directors.
Adiwale Fund 1 is managed by Jean Marc Savi of Tové (pictured, left) who has extensive experience in investing in WAEMU companies. With a target of €75 million, the fund's strategy consists of taking minority stakes (between €3 million and €8 million) in dynamic SMEs in countries such as Côte d'Ivoire, Senegal, Burkina Faso, and Mali.

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MSME FINANCE GAP
Micro, Small and Medium Enterprises (MSMEs) are one of the strongest drivers of economic development, innovation and employment. Access to finance is frequently identified as a critical barrier to growth for MSMEs. Creating opportunities for MSMEs in emerging markets is a key way to advance economic development and reduce poverty. The private and public sector can better address this matter if they have better insights about the magnitude and nature of the finance gap. Hence, sizing MSME finance gap is crucial for the governors, financiers and other private sector players to target high potential growth areas and hence more efficiently support MSME sector development. Responding to such demand, this study has used an innovative methodology to estimate that:
131 million or 41% of formal MSMEs in developing countries have unmet financing needs
MSME finance gap in developing countries is estimated to be approximately $5 trillion - 1.3 times the current level of MSME lending
Women-owned businesses comprise 23% of MSMEs and account for 32% of the MSME finance gap

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African Development Bank, Japan’s Government Pension Investment Fund, partner for green, social and sustainability bond markets
(AfDB ) - The African Development Bank and Japan’s Government Pension Investment Fund (GPIF) have signed a partnership to promote environmental, social and governance investments in the global capital markets. The collaboration between the Bank and GPIF will focus on channeling investments towards inclusive and sustainable growth in Africa, contributing to the achievement of the Sustainable Development Goals. The agreement was signed 30th September 2019.

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Egypt’s MaxAB raises $6.2 mln expansion funding
(Ecofin Agency) - MaxAB, an Egyptian online food and grocery platform, has raised $6.2 million from a group of local and foreign investors, Africa Business Communities reports. Venture capital firm Beco Capital co-led this investment alongside 4DX Ventures, another venture capital firm based in Ghana and the United States. US Endure Capital, the venture capital company 500 Startups, the Moroccan investment firm Outlierz Ventures and other local investors have also committed their capital.

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Nigeria fines 12 banks, including the local branch of US Citigroup, a total of $1.4 billion
(Ecofin Agency) - The Central Bank of Nigeria fined 12 commercial banks, including the local subsidiary of US Citigroup, a total of 500 billion Naira ($1.4 billion). CBN says they failed to comply with the minimum loan-to-deposit ratio of 60% set at the beginning of Q3 2019. Citibank Nigeria was fined 100.7 billion Naira ($278.5 million), the Bank’s list shows.

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Afreximbank approves $50 mln credit line to Banco de Fomento Angola
(Ecofin Agency) - Angolan commercial bank Banco de Fomento Angola (BFA) concluded a credit deal of $50 million with African Export-Import Bank (Afreximbank) under the Trade Facilitation Program (AFTRAF). With this agreement, BFA becomes the first Angolan bank to benefit from this facility. The line could also be increased based on demand from the Angolan market to boost BFA’s international transactions.

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Nigeria: African Development Bank’s Sustainable Energy Fund for Africa approves $500,000 grant for clean energy
(AfDB) - The Sustainable Energy Fund for Africa (SEFA), managed by the African Development Bank, has approved a $500,000 grant to support the development and launch of the Nigeria Energy Access Fund (NEAF), a new private equity fund developed by All On, a Nigerian impact investment firm financed by Shell. NEAF will make strategic investments in sustainable energy in Nigeria, particularly in the country’s burgeoning off-grid and mini-grid sectors.

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FairMoney raised $11 mln for expansion in Nigeria
(Ecofin Agency) - Paris-based fintech FairMoney announced it has raised a total of $11 million from a co-investment operation led by venture capital company Flourish Ventures. The operation was also backed by seed investors French Newfund, Austrian Speedinvest and French Le Studio VC.

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Top 10 des pays africains les plus attractifs pour les investissements en 2020, selon la Rand Merchant Bank
(Ecofin Agency) - South Africa’s Rand Merchant Bank (RMB) has just published the 9th edition of its “Where to invest in Africa” report which ranks the most attractive destinations for investment on the continent in 2020.

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Malawi: IMF forecasts 4.5% agriculture-driven economic growth for 2019
(Ecofin Agency) - Malawi’s economy is expected to grow by 4.5% this year, driven by boosted agricultural production, the International Monetary Fund -IMF- said in a statement this week. The southeastern African country has implemented a recovery strategy which includes the reconstruction of infrastructure after the cyclone Idai, and the resumption of sales of tea, tobacco, and sugarcane which were slowed due to El Nino.

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Nigerian online bank Kuda raises $1.6 mln for development plan
(Ecofin Agency) - Lagos and London-based online bank Kuda said it has raised $1.6 million with a consortium of angel investors led by Haresh Aswani, the Managing Director-Africa of Tolaram Group, a diversified holding company focused on food distribution, energy and financial services.

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African Development Bank launches US$ 2 billion 1.625% Global Benchmark due 16 September 2022
(AfDB) - The African Development Bank, rated Aaa/AAA/AAA (Moody’s/S&P/Fitch, all stable), has launched and priced a US$ 2 billion 3-year Global Benchmark bond due 16 September 2022, its first US$ benchmark of the year. Launched on September 11, the bond issue is the Bank’s second Global Benchmark of 2019, following a EUR 1 billion 10-year priced in March 2019. With this transaction, the Bank has now raised US$ 4.4 billion in 2019 to date and executed 61% of its borrowing program for the year. The transaction received strong support from investors globally, with order books reaching US$ 2.8 billion and 53 investors participating. The high quality of the order book is illustrated by the strong participation of Central Banks and Official Institutions, taking 64% of the allocations.

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Morocco: Alten Delivery Center Maroc raises capital to over MAD8 mln
(Ecofin Agency) - Alten, a French engineering and technology consulting company listed on Euronext, the main stock exchange in the eurozone, has once again increased the share capital of its Moroccan subsidiary Alten Delivery Center Morocco (ADCM) to more than MAD8 million.

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Japan and African Development Bank announce $3.5 billion in support of Africa’s private sector development
AfDB ) - Japan and the African Development Bank on Friday announced a joint target of $3.5 billion under the Enhanced Private Sector Assistance for Africa initiative (EPSA4), during the 7th Tokyo International Conference on African Development (TICAD 7). Both Japan and the Bank have set a target of $1.75 billion each, from 2020-2022, to enhance the fourth phase of EPSA to spur private-sector-led sustainable and inclusive growth in Africa. “Building on the successful achievements so far, Japan and the Bank have decided to upgrade EPSA in both quality and quantity to meet financial needs for infrastructure development as well as for the private sector development in Africa,” Japan’s State Minister of Finance,” Mr. Keisuke Suzuki said at the EPSA4 launch ceremony held in Yokohama and attended by government officials and a high-level delegation from the Bank as well as representations of the business community.

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US trader Cargill plans $120.5 mln agribusiness investment in Côte d’Ivoire
(Ecofin Agency) - US trader Cargill announces it plans an investment of $120.5million in the agribusiness sector in Côte d’Ivoire. Specifically, the company wants to finance the expansion of its cocoa grinding plant Micao. Works will be carried out in two phases, the first phase will be completed in April 2020 and the second in April 2021. After it is done, the plant’s annual capacity will increase from 110,000 to 170,000 tons.

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IFC commits $15.5 mln for Alta Semper Capital’s fundraising
(Ecofin Agency) - The International Finance Corporation is considering disbursing $15.5 million for the fundraising operation currently being conducted by British Alta Semper Capital, as part of its first-ever fund targeting sub-Saharan Africa. IFC will issue a final decision on September 30 after a Board meeting. The fundraising campaign aims at a $250 million closing. The British company recently launched operations in Africa, with financing ranging from $10 to $50 million. It particularly targeted companies in health and consumer sectors. Last June, Alta Semper Capital signed its third commitment in the African health sector.

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African Development Bank Group appoints Chinelo Anohu to head Africa Investment Forum
AfDB) - The President of the African Development Bank Group, Dr. Akinwumi Adesina, has announced the appointment of Mrs. Chinelo Anohu, a highly accomplished international corporate lawyer, as head and senior director of the Africa Investment Forum. The appointment of Chinelo, a member of the London Stock Exchange Africa Advisory Board, took effect from 1 Sept 2019. She also served as Director-General of the National Pension Commission of Nigeria for five years. With a formidable track record in formulating investment strategies, Chinelo brings extensive knowledge of institutional investment practice and experience in attracting new capital. She also has expertise in the development of innovative asset classes, spanning pension funds, sovereign wealth funds, private equity and private family wealth funds.

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Africa Finance Corporation raised $150 mln on Japanese capital market
(Ecofin Agency) - Africa Finance Corporation (AFC), a pan-African Multilateral Development Financial Institution based in Lagos, Nigeria, has raised $150 million through a samurai syndicated loan, which is a loan on the Japanese capital market and complies with Japanese financial regulations. The 3-year maturity facility consists of two tranches, one denominated in US dollar and the second in Japanese yen. Mitsubishi Finance Group and Sumitomo Mitsui Banking Corporation acted as arrangers and underwriters of this transaction, which according to the AFC, was significantly oversubscribed. This brings to $800 million the amount of funding already raised this year by the AFC. “Since joining AFC, one of my main goals has been to build a broad coalition of international investors. Securing this loan facility brings us one step closer,” said Samalai Zubairu, the institution's CEO.

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Africa Finance Corporation supports Nigeria’s 9Mobile with $230 mln
Ecofin Agency) - The Nigerian mobile operator Emerging Markets Telecommunications Services Limited (EMTS), known as 9Mobile, secured an 82.8 billion naira ($230 million) loan from Lagos-based Africa Finance Corporation (AFC).
Funds will be provided in two instalments. The first will be used to pay back the company’s lenders and the second will support its expansion strategy. 9Mobile was mainly controlled by Emirati group Etisalat Telecommunications Company which finally divested its share following a failure to restructure a $1.2 billion debt dated back to 2013. The terms of the agreement with AFC are not disclosed but since the year started, the pan-African group have already carried out 5 interventions for about €1 billion.

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Catalyst for Growth
Catalyst for Growth (C4G) is a non-profit company that was conceptualised by JP Morgan Foundation and Dalberg Global Development Advisors as an intervention to promote and introduce quality Business Development Service (BDS) Providers to corporates seeking to optimise the impact of their Enterprise Development (ED) spend on small-medium-and-micro-sized enterprises (SMMEs), by increasing transparency and aligning stakeholder incentives in the BDS marketplace.

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Why Yoco Raising R230 Million in Funding is Good News for All African Startups
Fintech startup Yoco has proven, once again, that they are a South African startup worth watching.
The point of sale payments provider which helps small businesses accept card payments, today announced they had raised a Series B round of US$16 million (R230 million).
The round is led by Partech, a venture capital firm based in Silicon Valley, Europe and Africa, with participation from Orange Digital Ventures, FMO (The Dutch Development Bank), South African-based FutureGrowth and existing Series A investors Quona Capital and Velocity Capital.

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Trends and Opportunities in South Africa’s Business Tourism Sector
Business tourism, which focuses on delegates attending meetings, conferences, and other business events, is a lucrative and fast growing segment of the world’s largest industry sector.
What does it take to tap into this industry?
Septi Bukula is Director of the Seeza Destination Network, a business acquisition and sharing network of SMEs in the tourism industry. According to him there are many opportunities available for SMEs in this industry and the Seeza Destination Network was established to help increase market penetration for SMEs in the sector. Its primary focus is on business events.

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Entrepreneur
Entrepreneur Magazine is South Africa's top read business publication with the highest readership per month according to AMPS. The title has won seven major publishing excellence awards since it's launch in 2006. Entrepreneur Magazine is the "how-to" handbook for growing companies.

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Pound to rand value: SA currency hits new low, recession woes intensify
The South African Rand has sunk to new lows against the strengthening British Pound – its largest drop in over two years.
On Thursday morning, one British pound was worth R20 – the last time South Africa’s currency dropped this low to the pound was back in late June 2016. This was during former president Jacob Zuma’s controversial tenure, which was marred by corruption, nepotism and cabinet reshuffles which wreaked havoc on the rand.
Why has the rand slumped? There are many reasons for the rand’s dismal performance of late.
South African economy in a recession The most disturbing news for South Africans is that the country’s economy has slipped into recession. On Tuesday morning it was revealed that the country’s GDP had contracted by 0.7%, this followed a shocking 2.2% decline in the first quarter of the year.

The fourth edition of the SME & Banking Africa Forum 2017 was held in Kigali.
This forum was organized in partnership with SFI / IFC, AfricSearch, OCP Group, ESPartners and Afreximbank among others.
Exclusively dedicated to the financing of African SMEs, the SME & BANKING Africa Forum enables African companies to access financing through banks, investment funds, guarantee funds, foundations and Business Angels. It also allows entrepreneurs to expand their business networks and receive advice from business development specialists and fundraisers.
B2B meetings, masterclasses for SMEs and Financial Institutions, sectorial business sessions on opportunities in Africa, and an SME Solution Centre for advices tailored to SMEs’ needs, will round up this forum for an unparalleled business experience.

Financial sector pledges $223m to SME financing at Kigali forum
Financial institutions in Rwanda have pledged at least $223m to SME financing under the ‘La Finance s’Engage’ initiative at the fourth edition of the SME & Banking Africa Forum which is under way in Kigali.
‘La Finance s'Engage,’ held for the first time at the annual forum, gave the financial sector an opportunity to measure needs and opportunities of SME and presented innovative solutions for financing SMEs and, for the first time, allowed stakeholders to engage publicly with each other.
The commitment came on the second day of the forum on Tuesday, and followed a panel session on financing solutions for SMEs by banks and financial institutions which involved the CEO of the Rwanda Development Bank (BRD), Alex Kanyankole, the CEO of the Private Sector Federation, Stephen Ruzibiza, the COO of the Rwanda Development Board (RDB), Emmanuel Hategeka, and Kora Associates’s CEO Mireille Karera.

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