The African Export-Import Bank (Afreximbank) has committed a $75 million finance facility to the Development Bank of Nigeria (DBN) to expand access to finance for Nigerian small and medium-sized enterprises (SMEs), including eligible businesses in the creative economy.
The facility was announced during CANEX WKND 2026 in Lagos, reflecting the event’s focus on linking creative enterprises with finance, investment and markets, Afreximbank said in a joint statement with DBN on Wednesday.
Kanayo Awani, Executive Vice President, IntraAfrican Trade and Export Development, Afreximbank, and Tony Okpanachi, CEO of DBN, led the ceremonial signing on behalf of their institutions.
Ms Awani said the collaboration with DBN extends beyond providing capital, noting that Afreximbank is taking an integrated approach that combines finance with capacity building, export-readiness support and access to markets.
“Our objective is to help Nigerian SMEs build productive capacity, strengthen their competitiveness and make the transition from promising local businesses to
This post was originally published on this site.
