Central Africa

The European Investment Bank’s international development arm, EIB Global, and Wema Bank, Nigeria’s oldest indigenous national bank and pioneer of Africa’s first fully digital bank, ALAT, have announced a strategic partnership agreement with the signing of a €50 million SME-focused credit line for youth and women-focused businesses in Nigeria.

The European Investment Bank (EIB) signed a €20 million investment in the Amethis Europe Expansion Fund, a new private equity vehicle designed to support European small and medium-sized enterprises (SMEs) expanding their business in Africa, as well as in Europe and the Middle East. The initiative aims to strengthen economic ties between Europe and Africa, foster private sector development and promote sustainable and inclusive growth.

Access to finance for women entrepreneurs in Mozambique will increase thanks to a €10 million loan by the European Investment Bank (EIB) signed today. The financing will enable a new €20 million facility by Moza Banco which targets small and medium-sized businesses (SMEs) in the country.