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
Equipping SMEs with the skills to...
SMEs and entrepreneurs heavily depend on skills to stay competitive and face greater challenges than larger firms in accessing and retaining...
The future of entrepreneurship with AI
AI-native startups are redefining the nature of entrepreneurship through accelerated scaling. With leaner teams, evolving funding dynamics, ...
Micro and small businesses can act...
In an international context where conflicts have reached their highest level since the Second World War, what role can micro, small, and med...
