U.S Agency Commits $280M in Financing for Access Bank to Boost Financial Inclusion

Source: Premium Times

The United States’ International Development Finance Corporation (DFC) on Monday signed a commitment letter for $280 million in financing for Access Bank Plc in Nigeria. The DFC is the U.S. government’s development finance institution that provides secure private investment opportunities for emerging markets .

The loan will help address the financing gap for small- and medium-sized enterprises and advance financial inclusion in Nigeria, a statement said Monday. It will also encourage the bank’s commitment to supporting women-owned businesses in Nigeria.