The African Development Bank (AfDB) has extended a $50 million facility to Fidelity Bank Plc of Nigeria for the growth of Micro Small and Medium Enterprises (MSMEs). The $50 million facility is designed to boost Fidelity bank’s capacity to promote the growth of the micro, small and medium enterprises (MSMEs) segment of the economy. At the agreement-signing ceremony on Tuesday in Abuja, it was revealed that the facility is totally dedicated to financing the MSMEs and a minimum of 30% of the entire financial package “will be devoted to wholly…
Read MoreAfDB, Fidelity Bank sign $50m Financing Agreement for MSMEs
