AGP Executive Report
Last update: 6 hours agoASEAN MSMEs: Leaders have agreed to make AI more practical and affordable for small firms, including through training and better access for women-led and rural businesses. The bloc will also establish a Philippines-based creative industries hub to improve entrepreneurs’ access to finance, technology and global markets. AI Adoption: Cyprus aims for 75% of businesses to use AI by 2030, with grants, vouchers and technical support proposed for smaller firms. Small-Business Finance: Afreximbank has committed $75 million to the Development Bank of Nigeria for SME financing, while South African fintech Yoco’s $100 million boost is set to support 200,000 small businesses. Digital Payments: A growing electronic payment record can help firms seeking credit, but it may not prove they can finance and deliver a large new order — leaving many SMEs short of the working capital needed to scale.
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