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
The Impact of the Iran Conflict...
Geopolitical shocks are reaching small and medium-sized enterprises faster than ever. According to a recent analysis by Trade Finance Global...
U.S. Small Businesses Pull Back on...
A cluster of fresh data released this week paints a cautious picture for small businesses in the United States: hiring ambitions are fading,...
OECD SME Financing Scoreboard 2026 –...
On 31st May the OECD SME Financing Scoreboard 2026 was released. This report was produced by the OECD Centre for Entrepreneurship, SMEs, R...
