AfDB Approves US$125 Million to Zenith Bank for On-Lending to SMEs

Posted on by wademinnie | 8582 Views | 7 min read

The African Development Bank (AfDB) has approved a US$ 125-million Line of Credit (LOC) to Zenith Bank PLC (Zenith) for on-lending to Small and Medium-sized Enterprises (SMEs) in Nigeria. This 4th LOC to Zenith approved by the AfDB’s Board of Directors on Wednesday 26 March 2014 in Tunis, will enable Zenith gain access to long-term

AfDB – Financial Inclusion for a Sustainable and Inclusive Growth in Africa

Posted on by wademinnie | 19105 Views | 8 min read

A new publication, Financial Inclusion in Africa,  by the Complex of the Chief Economist of the African Development Bank (AfDB) finds that for sustained and inclusive development to thrive, a great deal of innovation is needed to ensure that appropriate financial services and instruments are put in place for the benefit of the poor and