Jim Ovia (Zenith Bank) focuses on SMEs with support from Africa’s lenders
The Nigerian tycoon’s bank should receive a $200 million investment package to finance the country’s small and medium-sized enterprises (SMEs).
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▪ Jim Ovia (Zenith Bank) focuses on SMEs with support from Africa’s lenders
▪ The Nigerian tycoon’s bank should receive a $200 million investment package to finance the country’s small and medium-sized enterprises (SMEs).
▪ https://www.africabusinessplus.com/en/803134/jim-ovia-zenith-bank-focuses-on-smes-with-support-from-africas-lenders/
At the top of the list of lenders is the International Finance Corporation (IFC), which is working on providing Zenith Bank with $150 million in the form of a seven-year unsecured loan. At the same time, the World Bank’s private sector arm is the lead arranger of a syndicated loan worth up to $50 million to be granted by other financial institutions that have not yet been determined at this stage. The IFC’s board of directors must still confirm its support on 20 March.
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