• Africa: AfDB Supports Export-Oriented SMEs to Boost Local Job Creation in Nigeria

    African Development Bank (Tunis), 5 February 2013

    The African Development Bank (AfDB) signed on Tuesday, January 29, 2013 an agreement to provide two sovereign-guaranteed multi-tranche lines of credit (LoCs) of respectively US $500 million to Bank of Industry (BOI) and of US $200 million to Nigerian Export-Import Bank (NEXIM) in order to support the modernization and expansion of export-oriented small and medium enterprises (SMEs). The LoCs will ...

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