Safaricom receives World Bank’s $157.4 million for Ethiopia expansion

Posted by - June 13, 2023

The World Bank Group’s International Finance Corporation and Multilateral Investment Guarantee Agency, have announced a $157.4 million equity investment to bring affordable, reliable internet and mobile services to millions more in Ethiopia. According to the IFC’s statement,the fund is part of the ongoing expansion of Safaricom Ethiopia’s telecom network, a landmark development expected to boost

UBA pledges more funding for SMEs in Africa

Posted by - July 26, 2019

The United Bank for Africa Plc (UBA) has pledged more funding for the growth and development of Small and Medium Scale Enterprises (SME’s) in Africa. The General Managing Director, UBA, Mr Kennedy Uzoka disclosed today in Abuja at the opening of the UBA Market Place. The UBA Market Place is an entrepreneurial fair, with exhibitors

Wema Secures $35m Facility to Boost SME Funding

Posted by - March 29, 2018

Wema Bank Plc has announced its signing of a credit line agreement with the African Development Bank (AfDB) to grow financial support to small and medium scale businesses in Nigeria. According to a statement from the bank, the AfDB had already disbursed the $15 million agreed with the multilateral development finance institution. In addition, the