Switzerland-based asset manager, ResponsAbility Investments AG, is disbursing $175 million to support about 30,000 small and medium-sized enterprises (SMEs), as well as entrepreneurs (mainly women) in emerging markets.
The sum was raised through the issuance of U.S. Dollar dominated-debt securities maturing in 3 years to institutional investors such as Overseas Private Investment Corporation (OPIC), the US development finance agency; Alecta, the Swedish private sector pension management company; and Calvert Impact Capital, a US investment company.
According to Tracey Webb, OPIC’s Vice President for structured Finance and Insurance, the partnership between her institution and ResponsAbility will contribute to expand access to financing for micro entrepreneurs and small business owners, especially women.
Financial needs for SMEs in Africa is valued at up to $140 billion per year, according to data from the African Finance Company (Cofina).
Chamberline Moko
Camtel to launch Blue Money in 2026, entering Cameroon’s crowded mobile money market led by MTN Mo...
Eritrea faces some of the Horn of Africa’s deepest infrastructure and climate-resilience gaps, lim...
Huaxin's $100M Balaka plant localizes clinker production, saving Malawi $50M yearly in f...
Nigeria seeks Boeing-Cranfield partnership to build national aircraft MRO centre Project aims t...
Omer-Decugis & Cie acquired 100% of Côte d’Ivoire–based Vergers du Bandama. Vergers du Band...
Cameroon’s state operator has finalized a three-year partnership with Ethio Telecom to boost digital payments, modernize networks and prepare the launch...
Cameroon finalizes MoU to join Medusa Africa submarine cable project Medusa to boost connectivity with Europe, Africa, Asia; operational by...
Libya to award first oil, gas licenses in 18 years by early 2026 Tender includes 20 blocks; major international firms among pre-qualified...
AES condemns Nigerian military plane’s unauthorized landing in Burkina Faso Nigeria cites emergency due to technical issue; all personnel reported...
Cameroon’s REPACI film festival returns Dec. 11-13 with 135 short films Events include screenings, masterclasses, panels on social cinema and...
Cidade Velha, formerly known as Ribeira Grande, holds a distinctive place in the history of Cape Verde and, more broadly, in the history of the Atlantic...