The Development Bank of Nigeria (DBN) has secured a €40 million credit facility from the Arab Bank for Economic Development in Africa (BADEA), in a move
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expected to bolster long-term financing for small businesses and reinforce financial inclusion efforts in Africa’s largest economy. The agreement, which was sealed on the sidelines of the ongoing 2026 IMF/World Bank Spring Meetings in Washington will see the funds channelled through participating financial institutions, enabling the provision of longer-tenor loans to micro, small and medium-sized enterprises (MSMEs). Speaking at the agreement signing ceremony, BADEA President Abdullah Almusaibeeh, said “tThis partnership with the Development Bank of Nigeria reflects BADEA’s firm commitment to supporting inclusive private sector-led growth in Africa. By strengthening DBN’s capacity to reach MSMEs, women, and youth-led enterprises, this facility will help unlock productive investment.” The latest facility comes as Nigeria leans more heavily on concessional and blended financing to plug widening funding gaps, amid the fallout from successive global shocks ranging from the COVID-19 ...