Development Finance Corporation

The United States International Development Finance Corporation (DFC) signed a $280 million loan agreement with Access Bank on Monday to help Small and Medium Enterprises (SMEs) in Nigeria. Scott Nathan, CEO of DFC, and Roosevelt Ogbonna, managing director of Access Bank Plc in Nigeria, signed a commitment document for $280 million in funding. The loan would assist in closing the funding gap for SMEs and advancing financial inclusion in Nigeria, including the bank’s commitment to helping women-owned and led firms. “DFC’s investment in Access Bank demonstrates the United States’ support for private-sector-led development in Nigeria and across West Africa,” Nathan […]