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AfDB Extends Facility for Mauritanian SMEs and Women-Led Businesses
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AfDB extends facility for Mauritanian SMEs and women-led businesses
The African Development Bank (AfDB) has approved €25.5mn-worth of financing for Générale de Banque de Mauritanie, aiding the lender’s offerings to large corporates, SMEs and women-led businesses in Mauritania. The package consists of a €15mn dedicated trade finance line of credit, a €5mn trade finance guarantee and €500,000 offered as a grant under AfDB’s Affirmative Finance Action for Women in Africa programme. The bank is also providing US$5mn…
On 27 June in Abidjan, the African Development Bank (AfDB) approved a trade finance facility totalling €25.5 million in favour of the General Bank of Mauritania (GBM). This initiative aims to strengthen the financing capacity of the Mauritanian bank for the benefit of large companies, businesses,...
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