To support economic activity and job creation in 10 countries across sub-Saharan Africa, IFC has announced an investment in a risk-sharing facility for the Bank of Africa Group (BOA) that will ease access to finance for smaller businesses, including those in fragile and conflict-affected countries and in the Sahel. IFC will invest $77 million in the risk-sharing facility to scale up BOA’s lending to small and medium enterprises (SMEs), including women-owned businesses, in Benin, Burkina Faso, Côte d’Ivoire, Ghana, Madagascar, Mali, Niger, Senegal, Tanzania, and Togo. IFC’s investment will guarantee…
Read MoreIFC and Bank of Africa Group Deepen Partnership to Boost SME Financing in Africa
