Business
AFREXIMBANK COMMITS $75 MILLION TO DEVELOPMENT BANK OF NIGERIA TO EXPAND SME FINANCING
Afreximbank has committed a $75 million financing facility to the Development Bank of Nigeria to expand access to capital for Nigerian SMEs, with fashion, film, music, design and other creative businesses among the intended beneficiaries. DBN will channel the funding through participating financial institutions for working capital, asset purchases, export financing and supply chain activities. The partnership will also provide capacity building, export readiness support and access to Afreximbank trade platforms and international buyers.
BigV•9h ago•1 min read