GOPA AFC’s Post

Saudi Arabia's Embedded Finance Sector on the Rise The landscape of #EmbeddedFinance in Saudi Arabia is rapidly evolving, presenting significant growth opportunities. A new study offers a deep dive into the market's current state, key players, and future projections. It's an essential read for investors and industry professionals looking to understand the dynamics of embedded finance in a digital era. Discover comprehensive insights and market forecasts on Saudi Business News: https://ayr.app/l/wQr5 #SaudiBusiness #SaudiNews #Vision2030 #SaudiArabia #Finance #Investment #MarketResearch #Fintech #DigitalTransformation #BusinessGrowth #FinancialServices #EmbeddedFinance

The Securities Commission Malaysia has signed an MoU with the Jeddah-based Islamic Development Bank Group, opening opportunities for collaboration in Islamic capital markets, fintech, and social finance. This historic agreement aims to drive innovation, promote Islamic social finance, and attract investment inflows. The collaboration aligns with Malaysia's strategic initiatives and reinforces its global leadership in Islamic finance. #IslamicFinance #CapitalMarkets #Collaboration #GlobalLeadership

I am glad to share that I participated in the panel discussion on September 18th regarding Credit guarantees: Scaling SME finance through innovation and inclusion. I presented FGI PEAC, a guarantee program administered by BNDES, which since 2020 has guaranteed 335 thousand operations and more than BRL 170 billion in credit operations for individual microentrepreneurs, micro, small and medium-sized companies. According to the Effectiveness Report, FGI Peac’s guarantee operations contracted in 2020 showed effects in reducing the probability of banckrupcy of supported companies (-47%), in addition to positive results on jobs creation, with a positive variation rate (9%), as well as on admissions (+10%). In addition, positive effects were identified on the wages  (+19%) and average remuneration (+1%). The program, which has a low fiscal cost and has managed to preserve its assets in relation to the contributions made by the Brasilian Government, has more than 50 financial agents, considering all types of financial institutions: private and public banks, cooperative banks, agencies and regional development banks. #GSMEFF24 #Brazil #SaoPaulo #SMEfinance #Innovation #GlobalImpact #AI #creditguarantees #BNDES #guaranteeschemes

UNIDO and Abu Dhabi Commercial Bank #Egypt are teaming up to drive sustainable finance, supporting SMEs in green economy sectors. This partnership marks a key step towards Egypt's sustainable growth and aligns with global efforts for a greener future. #cleanenergy #greenfinance #renewableenergy #cleanenergytransition For more details, you can read the full article [here](https://lnkd.in/d7PtNjjQ).

MNT-Halan has completed the successful acquisition of Tam Finans, one of Turkey’s leading finance companies, from Actera Group and the European Bank for Reconstruction and Development (EBRD). Together, the two are projected to have a loan book surpassing US $1 billion by the end of this year. MNT-Halan’s Founder and CEO Mounir Nakhla, said, “Today, MNT-Halan joins forces with Tam Finans to provide millions of businesses and consumers access to innovative financial services in Turkey. Combining Tam Finans’ credit models, distribution capabilities, and management team with MNT-Halan's technology, customer-facing app, and financial muscle will help complete the product offering and give greater confidence to all its stakeholders. Turkey and Egypt’s histories and cultures have been intertwined for hundreds of years and their current economic outlook points to a bright future that we are ready to capitalize on.” Expanding MNT-Halan's total addressable market to around 200 million people, this acquisition is a major accomplishment and marks our first major move outside of Egypt. We look forward to working with the Tams Finans team to achieve our shared vision of expanding financial inclusion in the region. Read the full press release here: https://lnkd.in/eyRBbz4K #GlobalExpansion #StrategicGrowth #Fintech #Turkey #Egypt

THE FINE ART OF FUNDING GROWTH – Part 1/4 GCC funds between hyper personalization and resource constraint: the new trends at work   Development institutions need to address key challenges ahead: 🔶Sustainable development as a new imperative 🔶Citizens expecting personalized and holistic support 🔶Capital becoming a scarce resource 🔶Platform to enable future growth in a cost optimized way Generational shift in GCC is leading to the emergence of a new segment with high economic potential from private sector sector perspective. It comes in a context of geopolitical reshuffling that allowed GCC countries to become key players of the new global economic order This unique combination allows GCC funds to to tap investor markets by embracing a revamped model that will benefit all stakeholders. This implies to: 🔶Combine public service mission and economic performance in KPIs. Cover specific segments and geographies that private sector deems non attractive. Finance infrastructure enablers based on increase potential for private sector economy. Set standards in terms of origination, underwriting and pricing practices 🔶Aggregate data to create a consolidation development offer for beneficiaries Connect key data sources related to beneficiaries, projects and financing in order to map needs, risk and socio-economic impact Consider embedding offer into super apps, that will follow beneficiary along his journey as economic agent and will early warn of risks of shadow economic activity 🔶Optimize treasury and funding. Consolidate treasury needs and practice “notional” cash polling. Optimize liquidity level versus needs. Offer treasury as a service to other state entities. Improve issuer standing and track record at consolidated/entity level. Package assets (yield, risk, maturity, sustainability). Leverage private sector co-investing with asymmetric risk taking 🔶Focus people on the right execution and transformation priorities. Keep a lean model while increasing the scope of supervision and support activities. Reduce the complexity of the organization through centralization, mutualization and digitization. Avoid parallel transformations and resource inflation, manage aggressively initiatives portfolio. Adapt assessment and reward to foster cooperation and results sustainability   The below figure shows how the prize looks like #funds, #developmentfinance, #developmentbank

Dubai International Financial Centre (DIFC) continued to consolidate its position as the leading global financial centre for the Middle East, Africa and South Asia (MEASA) region with record breaking results in 2023. The Centre is now home to 5,523 active companies, a significant 26% year-on-year boost from 4,377 in 2022. A total of 1,451 new companies were established in DIFC in 2023, the highest number of new registrations annually in the Centre’s history, up 34%. DIFC also announced it is ahead of schedule in achieving its target of doubling its GDP contribution by 2030. Combined revenues in 2023 grew at their fastest levels since inception, close to AED 1.3 billion, 23% higher than 2022. Operating profit reached AED 859 million, up 27%. Reflecting the strength of DIFC’s financial position, total assets were AED18 billion, an increase of 18%. Read the full article in the link below: https://lnkd.in/dU6uD-We #gulfnews #ProPartnergroup #uaebusiness #uae #business #DIFC #finance #financecentre #financialcentre #growth #economy #MEASA

📜✨ Today marks a significant milestone as the SC and the Islamic Development Bank Group - isdb.org, with the distinguished presence of the Honourable Prime Minister Dato' Seri Anwar bin Ibrahim and IsDB President and Chairman HE Dr. Muhammad Al Jasser, formally signed an MOU. The ceremony, held in Riyadh, was attended by key figures such as Ministry of Finance's Secretary General of Treasury, Minister of Foreign Affairs, as well as the Minister of Trade, Investment and Industry, sets the stage for enhanced #islamicfinance products, such as Islamic fintech and social finance, particularly waqf. SC Chairman Dato’ Seri Dr. Awang Adek stated, “Through greater collaboration, both parties can also develop and scale up #MSMEs, in support of our aspirations, as well as aligning with Malaysia’s Capital Market Masterplan 3.” The signing of this MOU is a first-of-its-kind between Malaysia’s capital market regulator and a premier multilateral development bank of the global south. 📖 Read the full media release: https://bit.ly/4a2M27w

Egypt has advanced one position in the IFC - International Finance Corporation-led Sustainable Banking and Finance Network (SBFN)'s sustainable finance ranking, according to the Global Progress Brief 2024 report. #EgyptSustainableFinance #IFCSBFN #GlobalProgressBrief2024 #SustainableFinanceRanking #GreenFinance #EconomicAdvancement #IFCReport #SustainableDevelopment #FinanceInnovation #SBFN2024

BoI Partners International Finance Corporation to Improve Access to Finance in Nigeria to Bolster Industrialization The Bank of Industry Limited (BoI) and the IFC - International Finance Corporation have joined forces to enhance access to finance and export credit, aiming to bolster Nigeria’s industrialization efforts. Read more👇 #bankofindustry #accesstofinance #internationalfinancecorporation #boi Adewumi Adetunbi FCA, CFAN, CC (ISC)², CISA, ISO, ACTI, M.Sc, MBA. Kamicha Kamau Togna NOUNDOU