AGP Executive Report
Last update: 8 minutes agoSME Finance: Afreximbank committed $75 million through the Development Bank of Nigeria to finance SMEs, including creative businesses, with loans for working capital, equipment and export activity. Market Access: Ecobank’s SME Fair opened in Accra, giving businesses across food, fashion, agriculture and technology a three-day platform to reach customers and make connections. Digital Tools: Mastercard and Nigeria’s SMEDAN are partnering to speed up SME digitalisation. A Visa report finds only 29% of Nigerian SMEs use integrated payment platforms. Business Lending: South African fintech Yoco secured $100 million to expand financing for small businesses. Formalisation: Nigeria reopened free CAC registration for 250,000 businesses, giving entrepreneurs a chance to formalise their operations.
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