British International Investment (BII), the UK’s development finance institution and impact investor, yesterday, announced a $50 million commitment to Access Bank as part of a $295 million loan package arranged by FMO.
British International Investment , the UK’s development finance institution and impact investor, yesterday, announced a $50 million commitment to Access Bank as part of a $295 million loan package arranged by FMO.British International Investment , the UK’s development finance institution and impact investor, yesterday, announced a $50 million commitment to Access Bank as part of a $295 million loan package arranged by FMO.
The commitment from BII will help to strengthen Access Bank’s capital reserves and provide the much-needed working capital and financing to Nigerian SMEs across various sectors including agriculture, a statement said. British Deputy High Commissioner, Jonny Baxter, said: “When smaller businesses and women entrepreneurs are economically empowered, their whole community benefits. That is why the UK is providing new support with Access Bank to help businesses in underserved communities access finance to scale up their operations, create jobs and grow the economy.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hajj 2024: CSO commends Kaduna agency for refunding $50 to pilgrimsThe refund to the pilgrims arose from the downward price review the agency got from the company that it engaged to slaughter animals on their behalf.
Read more »
Hajj 2024: CSO commends Kaduna welfare agency for 'refunding $50' to pilgrimsIndependent Hajj Reporters (IHR) has commended the Kaduna State Pilgrims Welfare Agency for refunding $50 to its pilgrims
Read more »
The journey of Aig-Imoukhuede and Wigwe in Access BankIn the ever-evolving world of Nigerian banking, few tales captivate quite like the narrative of AigbojeAig-Imoukhuede and Herbert Wigwe
Read more »
Access Bank Raises N442 Billion Capital through Syndicated Tier II FacilityThe occasion marked the signing of a monumental syndicate Tier II Facility agreement of USD295 million (equivalent of about N442,500,000,000), underscoring a relationship that has flourished for over two decades.
Read more »
Access Holdings tips UK subsidy for top 20 bankAccess Holding Plc said its wholly owned subsidiary, Access Bank UK, is well positioned to become one of the top 20 banks in the country, generating profit of about $1 billion yearly, just as the bank urged shareholders to participate actively in its ongoing rights issue.
Read more »
Ekiti, Access Bank launch N1 billion loan scheme to empower womenEkiti State Government, in collaboration with Access Bank, yesterday, launched N1 billion loan scheme for women in business in the state
Read more »