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
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