Close Menu
Innovation Village | Technology, Product Reviews, Business
    Facebook X (Twitter) Instagram
    Thursday, October 2
    • About us
      • Authors
    • Contact us
    • Privacy policy
    • Terms of use
    • Advertise
    • Newsletter
    • Post a Job
    • Partners
    Facebook X (Twitter) LinkedIn YouTube WhatsApp
    Innovation Village | Technology, Product Reviews, Business
    • Home
    • Innovation
      • Products
      • Technology
      • Internet of Things
    • Business
      • Agritech
      • Fintech
      • Healthtech
      • Investments
        • Cryptocurrency
      • People
      • Startups
      • Women In Tech
    • Media
      • Entertainment
      • Gaming
    • Reviews
      • Gadgets
      • Apps
      • How To
    • Giveaways
    • Jobs
    Innovation Village | Technology, Product Reviews, Business
    You are at:Home»Africa»Oikocredit commits $10 million to strengthen African SMEs through collaboration with AfricInvest

    Oikocredit commits $10 million to strengthen African SMEs through collaboration with AfricInvest

    0
    By Tapiwa Matthew Mutisi on July 1, 2024 Africa, Business, Funding, Investments, News, Partnerships, SMEs

    The social impact investment firm Oikocredit has recently extended a debut loan of $10 million to AfricInvest Private Credit (APC), with the aim of bolstering small and medium-sized enterprises (SMEs) throughout the African continent. This collaborative effort is set to broaden the availability of financial resources for SMEs that are typically underserved by conventional lending institutions.

    APC is known for its proficiency in providing medium to long-term financing solutions, focusing on businesses that face challenges in obtaining funds from mainstream banks due to insufficient collateral. With the support of Oikocredit’s investment, APC is poised to enhance its loan distribution capabilities, thereby benefiting an increased number of businesses across different African nations.

    Kouraiech Belhajali, the Chief Executive Officer of APC, expressed enthusiasm about the new alliance, stating, “Our partnership with Oikocredit is a significant milestone. The infusion of funds will empower us to further assist the underserved business sector in Africa, broadening our scope and target demographic. We are committed to leveraging this capital to amplify our contribution to the continent’s economic development, job creation, and progress in financial inclusion.”

    Sharing a similar perspective, Lewis Nyaga, an investment officer at Oikocredit, remarked, “We are excited to unveil this strategic partnership with AfricInvest. The establishment of this vital debt facility is a strategic move aimed at fortifying African SMEs and promoting their sustainable growth.”

    Oikocredit Grants $2.6 Million Loan Facility to MyCredit to Fund SMEs in Kenya

    Related

    Africa AfricInvest APC Business Collaborations Funding Investments Oikocredit small businesses SMEs Startups Technology Venture Capital for Africa
    Share. Facebook Twitter Pinterest LinkedIn Email
    Tapiwa Matthew Mutisi
    • Facebook
    • X (Twitter)
    • LinkedIn

    Tapiwa Matthew Mutisi has been covering blockchain technology, intelligent technologies, cryptocurrency, cybersecurity, telecommunications technology, sustainability, autonomous vehicles, and other topics for Innovation Village since 2017. In the years since, he has published over 4,000 articles — a mix of breaking news, reviews, helpful how-tos, industry analysis, and more. | Open DM on Twitter @TapiwaMutisi

    Related Posts

    Google Home App Gets Gemini Upgrade With New AI Features and Faster Performance

    Sterling Bank Scraps Account Maintenance Fees

    Pesalink partners with Cellulant to power high-value digital payments for Kenyan businesses

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    Copyright ©, 2013-2024 Innovation-Village.com. All Rights Reserved

    Type above and press Enter to search. Press Esc to cancel.