FG earmarks N75 billion to support small businesses The Federal Government has set aside a N75 billion intervention fund to support small businesses in response to the country’s current economic challenges, The Guardian reported. The fund is expected to be disbursed, starting from March 2024 to strengthen the manufacturing[Read More…]
UBA to sponsor Lagos International Trade Fair, partners LCCI to boost SMEs in Africa United Bank for Africa (UBA) has hinted of plans to sponsor the 2023 edition of the annual Lagos International Trade Fair. In partnership with the Lagos Chamber of Commerce and Industry (LCCI), organisers of the[Read More…]
Stanbic IBTC, SMEDAN lift 3000 SMEs Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC has reaffirmed its commitment to empowering Small and Medium Scale Enterprises (SMEs). To this end, the bank has signed a partnership agreement with the Small and Medium Enterprises Development Agency of Nigeria[Read More…]
Ecobank, wins coveted Euromoney award as Africa’s Best Bank for SMEs Ecobank, the leading pan-African Banking Group, has been named Africa’s Best Bank for SMEs (small and medium-sized enterprises) by the prestigious Euromoney Awards for Excellence for the second year running, having also won the accolade in 2022. [Read More…]
AFDB approves $11m to support SMEs The African Development Bank (AfDB) Group, at the weekend, approved an $11 million equity investment in BluePeak Private Capital Fund toward its $155 million target for final close. The investment advances AfDB’s goal of supporting mid-size firms, including in the pharmaceuticals, agribusiness, manufacturing,[Read More…]
