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Yemisi Edun and FCMB s Gender Equality Triumph By Adewale Okoya

Yemisi Edun and FCMB s Gender Equality Triumph By Adewale Okoya
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United kingdomIreti samuel ogbuNneka onyeali ikpeFolake fajemisinHalima bubaOluwatoyin olaiyaMfon usoroFunmi adedibuMiriam olusanyaFelicia obozuwaOlayemi keriStefan nalletambyYemisi edunAkintola williams deloitteRolayo akhigbeTomi somefun

FCMB gets $50m from AfDB, increases lending to high impact businesses

FCMB gets $50m from AfDB, increases lending to high impact businesses FCMB gets $50m from AfDB, increases lending to high impact businesses Share Women empowered businesses and local enterprises involved in agribusiness, manufacturing, health care, and renewable energy will have access to long term funding from First City Monument Bank (FCMB), courtesy of a $50million credit facility from the African Development Bank (AfDB). The $50million credit line will narrow the lending gap to underserved segments and complement FCMB’s lending efforts and operations in the Nigerian market. AfDB will disburse the funds to FCMB before the end of this year.

Stefan nalletambyYemisi edunAfrican development bankGroup plcFinancial sector developmentAfrican development bank afFirst city monument bankWomen entrepreneurship finance initiativeMrs yemisi edunManaging directorAffirmative finance actionFeed africaNigeria country strategy paperகுழு ப்ல்நிதி துறை வளர்ச்சிமுதல் நகரம் நினைவுச்சின்னம் வங்கி

FCMB gets $50m from AfDB, increases lending to high impact businesses

FCMB gets $50m from AfDB, increases lending to high impact businesses
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Stefan nalletambyYemisi edunAfrican development bankGroup plcFinancial sector developmentWomen entrepreneurship finance initiativeMrs yemisi edunManaging directorAffirmative finance actionFeed africaNigeria country strategy paperகுழு ப்ல்நிதி துறை வளர்ச்சிபெண்கள் தொழில் முனைவோர் நிதி முயற்சிநிர்வகித்தல் இயக்குனர்ஆம் என்பது நிதி நடவடிக்கை

FCMB empowers agribusiness, healthcare, others with AfDB s $50m credit

FCMB empowers agribusiness, healthcare, others with AfDB s $50m credit
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Stefan nalletambyYemisi edunAfrican development bankGroup plcFinancial sector developmentAfrican development bank afFirst city monument bankWomen entrepreneurship finance initiativeManaging directorAffirmative finance actionFeed africaNigeria country strategy paperகுழு ப்ல்நிதி துறை வளர்ச்சிமுதல் நகரம் நினைவுச்சின்னம் வங்கிபெண்கள் தொழில் முனைவோர் நிதி முயற்சி

AfDB approves $50 million to FCMB for local, women-owned businesses in Nigeria

The Board of Directors of the African Development Bank (AfDB) have approved a loan of $50 million to Nigeria’s First City Monument Bank (FCMB) to channel to local enterprises and women-empowered businesses in the agribusiness, manufacturing, healthcare and renewable energy sectors. The disclosure is contained in a public statement titled, ’African Development Bank bolsters women-empowered businesses with $50 million loan to FCMB bank’ issued by the AfDB on Wednesday, July 7, 2021. The statement says that 30% of the funds, which are intended to mitigate the effects of the challenging Covid-19 environment, are earmarked for underserved women-empowered businesses. It also adds that the Bank will provide a technical assistance grant of $200,000 through its Affirmative Finance Action for Women in Africa (AFAWA) initiative supported by the Women Entrepreneurship Finance Initiative. The grant is expected to complement the loan by enabling First City Monument Bank to provide non-

Stefan nalletambyWorld bank groupWomen entrepreneurs finance initiativeBank tenWomen entrepreneurship finance initiativeAfrican development bankSector developmentFirst city monument bankNigeria first city monument bankAffirmative finance actionWomen entrepreneurship financeFinance sector developmentTen year strategyIndustrialize africaFeed africaNigeria country strategy paper