The partnership comes amid growing concerns over the financing gap facing businesses in emerging markets, particularly SMEs that often struggle to secure affordable credit despite playing a critical role in economic activity and employment generation.
The International Finance Corporation (IFC) and Standard Chartered Bank have launched a $300m risk-sharing facility to expand access to supply chain finance for businesses across eight Africa n countries, including Nigeria .
The initiative aims to support supply chain and trade finance transactions worth about $1.9bn over the next three years, benefiting more than 500 suppliers, including small and medium-sized enterprises (SMEs). The programme will be implemented in Côte d’Ivoire, Egypt, Ghana, Kenya, Nigeria, South Africa, Tanzania, and Zambia, targeting sectors such as agriculture, healthcare, and manufacturing.
The facility is designed to help suppliers receive payments faster, thereby improving cash flow and enabling businesses to expand production, pay workers, and invest in growth
International Finance Corporation Standard Chartered Bank Africa Supply Chain Finance Risk-Sharing Facility Businesses Smes Agriculture Healthcare Manufacturing Côte D’Ivoire Egypt Ghana Kenya Nigeria South Africa Tanzania Zambia Access To Finance Improved Cash Flow Expanded Production Pay Workers Invest In Growth Partnership Collaboration Financing Gap Commercial Lenders Global Supply Chain Finance Market Africa Trade And Supply Chain Recovery Initiat International Development Association Private
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