AGP Executive Report
Last update: 8 hours agoSME Finance Boost: Centenary Bank and the African Guarantee Fund launched a Kampala summit to expand smarter, more affordable SME financing, with a focus on women and youth entrepreneurs. Digital Payments for Small Trade: The Philippines’ BSP says InstaPay and PESONet transactions topped P24T by end-May, with InstaPay driving much of the growth for micro, small and medium businesses. E-commerce + AI Push: Sea Limited and OpenAI rolled out Shopee ChatGPT integration across eight markets, aiming to shift shopping from keyword search to conversational product discovery for local sellers. UK SME Trade Pressure: Research from Bibby Financial Services says US tariffs are costing UK SMEs about £59,000 on average and pushing many firms to pivot toward Europe and other non-US markets. Regulatory Tax Moves: Sri Lanka’s COPF approved a VAT amendment bill with conditions, including changes affecting digital services from non-resident suppliers. Cyber Risk for Businesses: Five Eyes warned AI-driven major cyberattacks could hit governments and businesses within months, urging faster defense upgrades. Local Business Protection: Uganda deregistered 37,702 companies for missing statutory filings, a corporate clean-up that could reshape the SME landscape.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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