AGP Executive Report
Last update: 9 hours agoMSME Finance: Nigeria’s Development Bank says it has channelled ₦1.4 trillion to small businesses through 84 lenders, supporting about 1.6 million jobs. It aims to reach more than two million firms and has secured a $61 million AfDB credit line focused on women-led businesses. Trade Finance: AfDB approved €40 million for Cameroon’s AFG Bank to expand trade lending; half the credit line is reserved for SMEs, with a share for women- and youth-owned firms. Cameroon has also opened talks on easing trade barriers and financing local companies’ expansion across Africa. Local Business Growth: Uganda’s oil-sector Industry Enhancement Centre graduated 617 SMEs, bringing its total to 922 since 2024 and helping local firms compete for industry contracts. Regional Trade: Ghana’s “ECOWAS For All” campaign is taking guidance on cross-border trade rules and procedures to Makola Market, while incoming COMESA chair Emmerson Mnangagwa has pledged to address trade barriers and improve small businesses’ access to finance. Export Opportunity: South Africa is urging firms to use China’s zero-tariff access to grow exports, processing and jobs at home.
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