FMO - Dutch entrepreneurial development bank’s Post

BIO - the Belgian Investment Company for Developing Countries is happy to be part of a syndicate of nine impact investors who channel a USD 295 M loan into Access Bank Plc Nigeria. The deal was signed in The Hague on July 11th, 2024. Access Bank is Nigeria’s leading bank, committed to providing support to SMEs through funding, capacity building and networking opportunities.   The funding will support underserved Small, and Medium Enterprises (SMEs) including those led by women and youth, providing access to working capital and supporting resilience as Nigeria faces its most severe economic crisis in a generation. This loan facility was arranged by FMO - Dutch entrepreneurial development bank. In addition to FMO, the syndication partners include BIO - the Belgian Investment Company for Developing Countries BIO, British International Investment , impact investor BlueOrchard Finance Ltd , Canada’s Development Finance Institution FinDev Canada , the Finnish development financier and impact investor Finnfund, the Norwegian development finance institution Norfund, social impact investor Oikocredit , and the Swedish development finance institution Swedfund International .   There are nearly 40 million MSMEs in Nigeria, accounting for 86 percent of employment and contributing 50 percent to the GDP (Market Bite Nigeria 2022 by World Bank). Despite their importance to the Nigerian economy, many small businesses face challenges with accessing finance due to onerous collateral requirements, high interest rates and lack of formal credit history. The commitment from the nice syndication partners will help to expand Access Bank's capital reserves and provide much needed working capital and financing to Nigerian businesses across various sectors including agriculture. This will help to stimulate business growth, create more jobs and deepen financial inclusion in Nigeria, which is the most populous country in Africa. #developmentfinance #impactinvesting #MSME #Nigeria #financialinclusion Naweza Muhaya

Exploring the Economic and Investment Landscape in West Africa. Our First Panel Debate of the Year hosted by Platform Africa , MBN (Mauritius) Sponsored by M2A Business Consulting Limited and AfrAsia Bank Limited of Mauritius.. We are Unlocking opportunities for Investors and businesses wanting to explore the Economic Community of West Africn States ( ECOWAS ) a Political and Economic Union of 15 Countries Rich in Natural Resources and Investments. For more information feel free to reach out on: [email protected] #westafrica #businessopportunities #business2business #investing4tomorrow

MBN (Mauritius) in collaboration with Platform Africa held its first corporate event on 'Investing in West Africa'. Read more about the event here: #investing #westafrica #mauritius #networking

Investments: NIPC boss urges media to promote Nigeria positively The Nigerian Investment Promotion Commission (NIPC), has urged the media to be good ambassadors and promote Nigeria positively to enable the country to attract more investments. The NIPC Executive Secretary/Chief Executive Officer (CEO), #InvestmentsNIPCbossurgesmediatopromoteNigeriapositively

Why Nigeria is a Goldmine for Global PE Firms 🇳🇬 At Myrader Ltd, we're seeing a surge in global private equity (PE) interest in Nigerian companies. Here's our analysis of why Nigeria is such a hotbed for PE activity: Thriving Consumer Market: Nigeria's young & growing population, with rising disposable income, creates a massive consumer base – a goldmine for PE firms. Untapped Potential: Undervalued companies across exciting sectors like FinTech, agriculture, and healthcare present PE firms with high-growth opportunities. Government Support: Initiatives to attract foreign investment and streamline regulations are making Nigeria more PE-friendly. High ROI Potential: The chance for solid financial returns compared to developed markets is a significant draw for PE firms. Bridging the Gap: Many promising Nigerian companies need help with traditional bank loans. PE firms can be the fuel for their expansion. ⛽️ Exit Strategies: A developing stock exchange and M&A market offer PE firms ways to cash out on their investments. Challenges to Consider: Infrastructure, political uncertainty, and currency volatility require careful consideration. Overall, Nigeria presents a lucrative frontier for PE firms. As the market matures, these companies will become even more attractive, driving significant economic growth for Nigeria. 🇳🇬 #PrivateEquity #Nigeria #Africa #Investment #EmergingMarkets Myrader Ltd offers expert research and advisory services to PE firms navigating the African market. Let's connect in the comments to discuss how we can help you unlock Nigerian opportunities!

Building Wealth on Nigerian Soil: Lessons from 5 Inspiring Investors Nigeria boasts of a thriving entrepreneurial and investment landscape. Today, we celebrate five remarkable Nigerian investors who have made their mark on the financial world. Through their diverse approaches, they offer valuable lessons for anyone seeking to navigate the exciting, yet challenging, terrain of investing in Nigeria. Which of these lessons are you going home with?

Nigeria has officially signed the Establishment Agreement for the Fund for Export Development in Africa (FEDA), a significant investment platform overseen by the African Export-Import Bank (Afreximbank). This accession makes Nigeria the 16th country to join the Agreement, highlighting the increasing interest FEDA garners from nations across Africa. This announcement arrives three decades after the inception of Afreximbank’s operations in Nigeria, signifying a significant milestone and Nigeria’s steadfast commitment to advancing the goals of both Afreximbank and FEDA. The Fund for Export Development in Africa (FEDA), operates as Afreximbank’s arm for impact investment, providing equity, quasi-equity, and debt capital. Its core objective is to address the significant funding shortfall, particularly in equity, crucial for driving innovation in Africa’s trade sector, amounting to billions of dollars. Click on the link to read the full story https://lnkd.in/dpFVJb95 #innovation #equity #agreement #ibmag

Protect Your Investments in Nigeria! DID YOU KNOW? The Nigerian Investment Promotion Commission (NIPC) has laws in place to safeguard and incentivize investments in Nigeria? The Nigerian Investment Promotion Commission Act, 1995, offers numerous benefits and protections for investors, including: Easy Repatriation of Profits: Section 17 ensures investors can remit proceeds of investment, including profits and dividends, in freely convertible currency. Transparency: Section 20 establishes a database of all investments, tracking investor information, sector, location, and employment generated. Support Services: Section 25 provides assistance with investment opportunities, permits, licenses, and problem resolution. Investor Protection: Section 28 empowers NIPC to investigate complaints, prevent harm, and remedy damages suffered by investors. Know your rights as an investor in Nigeria! Key Takeaways: - Repatriate profits easily - Transparency in investment tracking - Support services for investors - Protection of investor interests Invest with confidence in Nigeria! #NigerianInvestmentLaws #NIPC #InvestInNigeria #BusinessInNigeria #InvestorProtection #InvestorRights https://lnkd.in/dddv4rXb

“Africa? I don’t know. Sounds risky.” As an African private equity manager raising money from global investors, Richard Okello of Sango Capital has often heard variations of the above statement. It’s a barrier to any serious engagement on allocating investment capital to Africa because it reflects the widely held view that the continent, a relatively unfamiliar territory to many global asset managers, carries existential risks. The typical global investor’s view on Africa, driven largely by historical experience or soundbites, is outdated relative to today’s reality, however, as Okello explains in 'Is Africa a Less Risky Destination than the West for Private Equity Investors?', a guest article. https://lnkd.in/ea79h-ei #privateequity #emergingmarkets

Innovators and entrepreneurs in Africa have an abundant supply of innovative solutions to meet the challenges the continent faces, but an inadequate amount of funding to fuel these solutions - the London Stock Exchange Group (LSEG) estimates this funding gap is $140bn. At AfriVest, we believe we (that's you too are the solution and can power an African-led and African-enabled, African future. We look forward to going on this journey with you. Note: Always remember that capital is at risk when investing and you could lose all your money invested. #africa #africaninvesting #impactinvesting