South African fintech Lula has secured R340 million (over $21 million) in local currency funding from the Dutch entrepreneurial development bank, FMO, a move to tackle the persistent funding gap for small businesses. The investment is aimed at dramatically expanding…
Safaricom Business hosted a dynamic media forum today to highlight its cutting-edge technology solutions empowering Micro, Small, and Medium Enterprises (MSMEs) and large corporations across Kenya. The event, held in Nairobi, brought together media stakeholders for an in-depth look at…
The Development Bank of Nigeria (DBN) is scaling up its commitment to Nigeria’s Micro, Small, and Medium Enterprises (MSMEs) sector, with plans to grow its outstanding loan portfolio to over N1.8 trillion as part of its new five-year strategic plan.…
NCBA has announced the renewal of its partnership with the African Guarantee Fund (AGF), enhancing their collaboration with a KES 3 billion ($23 million) guarantee agreement aimed at supporting small and medium enterprises (SMEs) across Kenya. The renewed partnership will…
FirstBank has announced its commitment to disbursing over N1 trillion in funding to support the growth of small and medium-scale enterprises (SMEs) across Nigeria in 2025 The bank made this declaration at the SME Scale Up event held in Lagos,…
