The Board of the African Development Bank (www.AfDB.org) on Wednesday approved a $22 million Senior Loan to help Egypt’s Corporate Leasing Company (Corplease) expand its operations in the North African country. The decision signaled confidence in a burgeoning local market and in the Egyptian economy as a whole. The Bank will mobilize $7 million of […]
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Pan-African banking group, United Bank for Africa (UBA) Plc and China Development Bank (CDB), the world’s largest development finance institution, on February 27, 2018 announced the signing of a $100 million seven-year loan agreement to finance the development of small and medium enterprises (SMEs) in Africa. The $100 million loan will enhance UBA’s capacity to […]
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Determined to rejuvenate and strengthen SMEs in the country while also bridging the logistics gap for SMEs, Red Star Express hosted small start-up owners at the SME 1000 workshop. Tagged ‘Breaking Boundaries, the event was intended to serve as a ground-breaking medium for Red Star Express to bridge the logistics gap faced by SMEs, give […]
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The Central Bank of Nigeria, CBN, on Tuesday injected about $280 million into various sectors of the market in its determination to sustain liquidity in the foreign exchange market since the commencement of its weekly $20,000 sale to licensed Bureau de Change operators. The bank also announced the opening of bids for $100 million wholesale […]
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