7 results
- 7 Nov 2022
AfDB, FCMB Sign $50m Agreement to Boost Access to Finance for Women-Owned Businesses
The African Development Bank (AfDB) has signed an agreement with First City Monument Bank (FCMB) for a $50 million line of credit to support access to finance for small and medium-sized and…
- 14 Jul 2020
TradeDepot Secures Additional $10M to Transform Informal Retail Supply Chain in Nigeria
TradeDepot, the B2B eCommerce platform for consumer goods in Africa, has raised a further $10 million in a pre-Series B equity round co-led by Partech, International Finance Corporation, Women…
- 4 Apr 2023
IFC, Bank of Africa Group Deepen Partnership to Boost SME Financing in Africa
To support economic activity and job creation in 10 countries across sub-Saharan Africa, IFC announced an investment in a risk-sharing facility for the Bank of Africa Group (BOA) that will ease…
- 8 May 2026
AfDB Approves $61m Package to Boost Women-led Businesses in Nigeria
The Board of Directors of the African Development Bank Group (AfDB) approved a $61 million financing package for the Development Bank of Nigeria (DBN) to expand access to affordable credit for…
- 5 Sept 2024
World Bank says 40% Nigerian MSMEs are Owned by Women
A report by the World Bank has established that 40 per cent of Micro, Small and Medium Enterprises (MSMEs) in Nigeria are owned by women, with most of the businesses growing at a remarkable rate. In…
- 2 Mar 2020
IFC, Union Bank to Support Nigerian SMEs & Women-led Businesses
IFC, a member of the World Bank Group, today announced a $25 million local-currency investment in a risk-sharing facility to expand Union Bank’s lending to small and medium enterprises (SMEs) in…
- 13 Nov 2024
CBN to Achieve $1trn Economy with Financial Inclusion Initiatives
The Central Bank of Nigeria has launched three initiatives aimed at realizing Nigeria’s vision of a $1 trillion economy by 2030 through financial inclusion. The initiatives were launched at the…