Entrepreneurs Can Now Loan N500k, N5m, N50m at 9% Interest From Nigerian Banks
- Entrepreneurs, Money
- July 28, 2014
The International Finance Corporation (IFC) and the Goldman Sachs’ 10,000 women initiative in conjunction with Women Entrepreneurs Opportunity Facility has given a credit line of 2.5 billion Kenyan shillings ($25 million) to Kenya’s Chase Bank to provide a collateral-free fund for women-owned small and medium scale businesses looking to expand. Although, this fund requires no
READ MOREIn the twilight of the year 2014, the Central Bank of Nigeria in a move to give financial succor to Micro, Small, and Medium Enterprises in the country, launched a N220 billion MSME Development Fund. The fund, which was launched in August, had 60% (132 billion) reserved for providing financial services to women in order
READ MOREYouWin has made so many boys rich! The program has also aided so many small businesses. When Jonathan lost his reelection, the first question on many entrepreneurs’ minds was about the future of the multimillion dollar grant scheme. Well, sadly, according to an entrepreneurship report published by The Economist Intelligence Unit earlier this year titled “Enabling
READ MOREGroFin, a development financier focused on financing and supporting small and growing businesses (SGBs) across Africa and the Middle East has launched a $100 million business fund for SMEs in Nigeria, Ghana, Uganda, Zambia, Kenya, South Africa, Rwanda, Tanzania, and Egypt with the aim of catalyzing sustainable job creation. The Fund, which has an initial
READ MORERecent trends in Private Equity (P.E) in Africa show that African P.E firms have taken the center stage in transactions in the sector. A survey by the African Venture Capital Association reveals that P.E transactions by African firms have quadrupled since 2012. According to the results of the Private Equity Data Tracker, year 2012 witnessed
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