All News and Announcements
IFC, SANAD, BIO, Symbiotics Announce Loan to KCB Bank Kenya for Green Projects, SMEs
The loan aims to help the bank increase lending for climate-friendly projects and to smaller businesses, especially those owned by women.
IFC Initiative to Help Financial Institutions Support Small Businesses Disrupted by Pandemic
The new Base of the Pyramid Program will provide up to $400 million to microfinance institutions, non-bank financial institutions, and banks that are focused on micro, small, and medium enterprises.
EIB, Jaida Loans Morocco EUR 10M to Support Microcredit Activity
This is a continuation of the EIB's action carried out for several years in favor of microfinance in Morocco and is part of the bank's response aimed at supporting micro-entrepreneurs, in the context of the COVID-19 crisis.
KfW Development Bank Invests EUR 20 Million in the Regional MSME Investment Fund for Sub-Saharan Africa
This investment will help to finance small and medium enterprises with the objective to create jobs in nine countries in Sub-Saharan Africa, that have joined the G20 Compact with Africa program initiated by the German Government.
IFC’s $25 Million Investment in Nations Trust Bank to Help Sri Lankan Businesses Continue Operations, Preserve Jobs Amid COVID-19
The financing package will be used by Nations Trust Bank to help small and medium sized enterprises and corporates to stay afloat during the ongoing public health crisis.
EBRD Lends EUR 3.5 M to N. Macedonia's Procredit Bank for SMEs, Energy Efficiency
The loan is extended within the Western Balkans SME Competitiveness Support Program with the support by the EU, which is providing incentive payments and technical assistance.
EFSE and Vitas Expand Access to Local Currency Financing for Romanian MSEs
Senior loan equivalent of EUR 2 million to be on-lent to underserved local entrepreneurs to sustain small business operations.
$500 Million ADB Loan to Expand Financial Inclusion in Indonesia
Financial inclusion will play an important role in Indonesia’s recovery from the coronavirus disease (COVID-19) pandemic.
SANAD Provides First Tier II Capital in Egypt to Banque du Caire
Subordinated debt totaling $30 million to strengthen capital base and boost bank’s ability to provide local businesses with much-needed financing.
SANAD invests $5 Million in Badia Impact Fund Squared
With an investment of $5 million, the SANAD ESF II contributed to the $36 million first close of the Badia Impact Fund Squared, which targets early-stage, innovative SMEs in need of equity funding to scale up operations.