AFCFTA, UBA SIGN $6BN MOU TO FUND SMES

One of Nigeria’s Tier One Lenders, United Bank for Africa says it has signed a $6bn Memorandum of Understanding with the African Continental Free Trade Area secretariat aimed towards funding Small and Medium Enterprises to help them tap the opportunities presented by the AfCFTA. The Head of SME Banking at UBA, Babatunde Ajayi stated this at the Nigerian Canadian Business Association Business 2023 Roundtable which was held in Lagos. The roundtable, which was the second of its kind, was themed “Enabling Growth by Unlocking Access to Capital, Technology, And Markets.”…

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