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UBA partnerts AfCFTA to provide $6bn financing solution for Africa SMES.

Africa global bank for Africa UBA has announced an intiative aimed at providing robust and comprehensive financing solutions to support activities of small businesses that speciaise in the key sectors of Agro- processing, pharmceuticals, Automotive and Transport and logistics. the financing intiative is powered by UBAs' recent partnership with the African continental free trade area AFCFTA secretariat to provide  financing for up to $6 billion over the next three years to eligible SMES across Africa, an agreement which was signed on the sidelines of the 30th Afreximbank Annual meeting AAM, which was held in Acra, Ghana.in addition to financial support, she emphasized the bank s' commitment towards providing capacity-building opportunities for SMES, through various training programs and resources, and how UBA aims to equip the business with the knowledege and skills needed to thrive in a competitive market environment.

   

Newsmen | Business/finance | Tribune | Monday, September 25, 2023