Swedfund Invests $10 million to Support MSME Lending in Africa - Tech

Swedfund Invests $10 million to Support MSME Lending in Africa - Tech

Swedfund, Sweden’s development finance institution, has signed a USD 10 million loan to Platcorp Holdings Limited to support lending to micro, small, and medium-sized enterprises (MSMEs) in Kenya, Uganda, Tanzania, and Zambia. The investment aims to address persistent barriers to finance in these countries, where small businesses often lack access to formal credit. The loan is expected to help businesses grow and create decent jobs, with a parti…

New African trade finance fund aims to boost SME lending

Nigerian investment manager ARM is set to launch a trade finance fund that seeks to expand trade finance lending to African SMEs by providing loans to the continent’s banks.  ARM African Trade Finance Fund (AATFF) is being led by chief executive George Wilson, who was head of institutional trade finance at Investec until earlier this year.   The impact fund, which will be registered in Mauritius, will start with around US$100mn in capital from a…

Swedfund invests USD 10 million to support MSME

Swedfund, Sweden’s development finance institution, has signed a USD 10 million loan to Platcorp Holdings Limited to support lending to micro, small, and medium-sized enterprises (MSMEs) in Kenya, Uganda, Tanzania, and Zambia. The investment aims to address persistent barriers to finance in these countries, where small businesses often lack access to formal credit. The loan […] The post Swedfund invests USD 10 million to support MSME lending in …