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Tag Archives: AfDB

AfDB, Standard Bank seal $332m deal to boost South Africa’s SMEs

The African Development Bank (AfDB) and Standard Bank Group have signed a 332 million dollars (ZAR5.4 billion) facility to expand access to financing for small and medium-sized enterprises (SMEs) in South Africa. AfDB said this in a statement on Friday, saying the transaction was structured as a First Loss After …

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AfDB Invests $10.9 bn in Nigeria

  THE Director-General of West Africa Region, African Development Bank (AfDB), Lamin Barrow, says the banks’s cumulative financing approvals in Nigeria stands at 10.9 billion dollars. Barrow said this at the Second Interactive Session and Workshop on Developing Bankable Business Proposals/Business Plans for Youths in Agriculture on Monday in Abuja. …

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