Africa: AfDB Flags Widening Commerce Finance Hole for African SMEs

Africa: AfDB Flags Widening Commerce Finance Hole for African SMEs

Small and medium-sized enterprises (SMEs) throughout Africa proceed to face tighter lending situations, increased collateral necessities, and restricted entry to formal commerce finance regardless of proof displaying that their credit score threat profile has remained comparatively secure. In line with a brand new African Improvement Financial institution (AfDB) report launched in Brazzaville on Could 27,…

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Former AfDB president Adesina appointed Diamonds for Growth Fund chairperson

Former AfDB president Adesina appointed Diamonds for Growth Fund chairperson

The Botswana authorities and De Beers have introduced the appointment of former African Growth Financial institution (AfDB) president Dr Akinwumi Adesina as chairperson of the Diamonds for Growth Fund – a joint initiative to speed up the Southern African nation’s long-term financial diversification. Adesina serviced as AfDB president from 2015 to 2025. Throughout that time, he led the AfDB in…

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