30 results
- 12 Mar 2024
UBA, African Guarantee Fund Partner on $100m SME Loan
United Bank for Africa (UBA) and African Guarantee Fund (AGF) have signed a partnership that will benefit Small and Medium Enterprises across 20 African countries. Oliver Alawuba, group managing…
- 3 Jun 2022
African Guarantee, AfDB Empower Youth MSMEs in Nigeria
The African Guarantee Fund for Small and Medium-sized Enterprises, with the support of the African Development Bank’s Youth Entrepreneurship and Innovation Multi-Donor Trust Fund, has launched a…
- 10 Jan 2020
African SMEs Receive Boost with $33 Million Capital Increase
Africa’s leading Guarantee Institution, African Guarantee Fund (AGF) has received an additional USD 33M financing from German lender KfW Development Bank , in a move that will catapult AGF’s efforts…
- 3 Nov 2021
UK Commits New Funding Support to African-led Projects to Protect Vulnerable Communities
The United Kingdom on Tuesday announced new funding to support African governments to roll-out critical adaptation projects so at-risk communities can adapt to the impact of extreme weather and…
- 11 Apr 2024
AfDB, AGF Partner on Female Entrepreneurs’ Access to Finance
African Development Bank (AfDB) and the African Guarantee Fund (AGF) have brought the curtain down on the AFAWA Finance Series Togo conference, a keynote event aimed at promoting a better…
- 11 Jun 2025
African Startups Raised $345m in Funding in May
African startups raised more than $345 million across 65 deals in May, more than double the amount raised in the same period of last year, according to a report by Briter, a research and business…
- 18 Jun 2015
African Governments Commit $5m to Regional Innovation Fund
A ‘Regional Scholarship and Innovation Fund’ for Africa launched recently shows African Governments contribution to the World Bank ‘Partnership for Skills in Applied Sciences, Engineering and…
- 7 Feb 2022
InfraCredit to Guarantee PAT’s N10bn Infrastructure Bonds Issuance
InfraCredit has announced that it will guarantee Pan African Towers (PAT) Digital Infra Fund SPV Plc’s N10 billion 10-Year Series I Senior Guaranteed Fixed Rate Infrastructure Bonds Due 2032…
- 25 Nov 2024
BoI Raises Over $5Bn Funding, 2Bn Euro Syndications
In its bid to provide adequate funding for Nigeria’s industrial development finance, the Bank of Industry Limited, BoI, has raised over $5 billion in international funding instruments. The bank has…
- 20 Mar 2025
BOI Launches N10Bn GLOW Fund for Female Entrepreneurs
Bank of Industry (BOI) has launched a special intervention programme, Project Guaranteed Loans for Women (GLOW), valued at ₦10 billion to support female entrepreneurs across the country. The…
- 22 Feb 2016
Insurance Bodies urges Closer Cooperation to Boost Investments in Africa
Over 30 participants from 18 institutions that provide guarantees and insurance in Africa gathered in Abidjan, Côte d’Ivoire, for the Abidjan Union, the first pan-African meeting of export credit and…
- 9 Jan 2017
NSIA in Credit Tie-up to Unlock Infrastructure Funding
Nigeria Sovereign Investment Authority (NSIA) is setting up a company in partnership with London-based local currency guarantee firm GuarantCo to enable pension funds to invest in Nigerian…
- 3 Oct 2013
Heritage Bank MD Advocates Strategy for Next Gen of African Corporates
Ifie Sekibo, managing director/chief executive officer of Heritage Bank, has said that concerted promotion and protection of Small and Medium Enterprises (SMEs) through the establishment of a solid…
- 28 Sept 2009
Sustaining Small and Medium Enterprises for Nigeria’s Economic Growth
The SMS &P team – Small and Medium Scale Businesses and Partners – is fully dedicated to supporting SMEs. The team works closely with Microsoft’s network of partners. Marius Moantsoga, SMS&P…
- 15 Jul 2021
Standard Chartered $200m Facility with Afreximbank for AU COVID-19 Vaccination Acquisition Programme
African Export-Import Bank (Afreximbank) and Standard Chartered have announced an agreement for Standard Chartered to provide USD 200m of not-for-profit funding towards Afreximbank’s structured…
- 20 May 2020
Carbon Launches its New Social Banking Service
digital financial services company, Carbon in an effort to improve the experience of its customers, has launched Carbon Express - A keyboard extension that allows customers to access Carbon services…
- 13 Apr 2019
AfDB Approves $15million Investment Package for InfraCredit Company in Nigeria
The Board of the African Development Bank has approved a $15-million investment package to Infrastructure Credit Guarantee Company (InfraCredit), to support infrastructure financing through the…
- 6 Sept 2019
Afreximbank to Support Nigerian Manufacturers with $500m Facility
The African Export-Import Bank (Afreximbank) says it will allocate 500 million dollars from its Nigeria-Africa Trade and Investment Promotion Fund to support Nigerian manufacturers. According to a…
- 27 Mar 2015
Coal to Power: AfDB Commits $200m to Nigeria’s ‘Dirty Fuel’
African Development Bank (AfDB) has put up $200 million as a partial risk guarantee for the Nigerian power sector and the federal government will use the funds for expansion of coal-fired power…
- 2 Dec 2014
IFC to Provide $80M Debt Financing to Azura-Edo Investment
IFC, a member of the World Bank Group, signed agreements to provide $80 million of debt financing to Azura Power West Africa Limited, a 450 MW gas-fired independent power project in Nigeria (the…
- 26 Oct 2025
Afreximbank Targets $250bn Balance Sheet Growth in 10 years
The African Export-Import Bank (Afreximbank)’s shareholders have set an ambitious target to grow the balance sheet of the bank to $250 billion within 10 years. George Elombi, president of Afreximbank…
- 21 Oct 2024
AfDB to Support Youth and Women-led MSMEs in Nigeria with $100m Loan
The African Development Bank has approved a $100 million loan to increase access to finance for youth and women-led small and medium enterprises, under the Nigeria Youth Entrepreneurship Investment…
- 7 Feb 2018
PAL Pensions Reinforces Confidence in Scheme with “Retire with a Smile” Campaign
In accordance with its resolve to inspire confidence and promote a financially secure future among Nigerians, PAL Pensions has unveiled a new campaign tagged ‘Retire with a Smile’ to encourage more…
- 23 Jun 2021
USTDA, InfraCredit Partner on Infrastructure in Nigeria
InfraCredit, a specialised infrastructure credit guarantee institution has signed a Memorandum of Understanding (MoU) with the United States Trade and Development Agency to bring high-quality U.S.…
- 31 Jan 2015
World Bank Launches “Scaling Solar” to Create Market for Solar Power in Africa
The World Bank Group has announced the launch of Scaling Solar at the Powering Africa: Summit in Washington DC, a gathering of African ministries, utility companies and the international power…
- 5 Dec 2024
AfDB, Italian Insurance Group Sign $6bn Deal to Foster Investment in Africa
In a bid to provide credit protection to foster investment in Africa under the “Mattei Plan”, SACE, an Italian insurance-financial group and the African Development Bank Group (AfDB) have signed a…
- 2 Jul 2013
AfDB says Reforms Key to Power Africa Success
The African Development Bank (AfDB) will, as part of its support for U.S. President Barack Obama's Power Africa initiative, deepen and expand its work in reforming the energy sector Already a major…
- 6 Nov 2015
Sulaiman, Onuegbu, Others Make Board of Lagos Angel
Lagos Angel Network (LAN), a “not for profit” entity that was formally incorporated in May 2015, for the purpose of organizing individual Business Angels to collectively invest in the most…
- 31 Aug 2010
CBN Releases Guidelines for N300 Billion Power, Aviation Intervention Fund
The Central Bank of Nigeria (CBN) has announced the establishment of N300 Billion Power and Aviation Intervention Fund as well as the release of guidelines for the disbursement of the fund. The apex…
- 27 Sept 2022
Microsoft, AfDB Partner to Help Africa’s Youth Scale into Business
Microsoft is expanding its partnership with the African Development Bank (AfDB) to support Africa’s youth entrepreneurs under the bank’s Youth Entrepreneurship Investment Banks (YEIB) Initiative.…