AfricaNews & Analysis

Global development finance coalition commits over US$ 5.5 billion for Micro, Small & Medium Enterprises financing in Africa

by CEO Reporter
The Covid-19 crisis put the viability of MSMEs under acute pressure and efforts to expand inclusive financial solutions are crucial for a successful recovery. Courtesy photo
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The coalition for a sustainable and inclusive recovery of the private sector an international group of 20 development finance institutions that came together in 2020, today announced commitments of over USD 5.55 billion of financing to small and medium size enterprises (MSMEs) in Africa between mid-2020 and end of 2021, beating their set target of USD 4 billion over the period.The coalition said

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