
British International Investment launches $25 million funding to grow SMEs in Africa
July 9th, 2022 – British International Investment (BII) and INOKS Capital have announced the launch of a $25 million trade access program to strengthen trade across the African continent by backing the growth of small and medium-sized enterprises.
The program aims to help extend credit to businesses in the Agri/Food sector, including aggregators, e-commerce platforms, SME-focused banks, and non-bank financial institutions. According to the investment company, the capital will increase trade and food supply, help to develop local infrastructure, and rejuvenate market-enhancing corporates that meet consumer and business needs. This will in turn foster long-term economic growth and contribute to a productive, sustainable, and inclusive future.
Written by Nairametrics
Related Post
SMEs’ challenges and business environment_news from...
In July 2025, a survey conducted by Ipsos European Public Affairs at the request of the European Commission was published. It gathers insigh...
Three takeaways for businesses from the...
As the global financial sector wrapped up the International Conference on Financing for Development (FfD4) in Seville, Spain, earlier this m...
MSMEs Day 2025: Enhancing the role...
MSME Day 2025 comes at a pivotal moment—just ahead of the Fourth International Conference on Financing for Development (FfD4) in Sevilla...