geo/niger
SME Finance Forum member The Islamic Corporation for the Development of the Private Sector (ICD) has entered into an agreement with BSIC Niger to finance SMEs in Niger.
Khaled Al-Aboodi CEO of ICD and Abakar Adoum, Managing Director of BSIC, signed the Line of financing agreement for the amount of 9 million euro under the Wakala structure or agency contract.
According to a release, the collaboration will focus on developing private sector especially SMEs, supporting economy, strengthening the balance sheet of the Bank, improving the living standard of the population by creating jobs, generating tax revenues for the government and promoting Islamic Banking in the country.
British International Investment (ex CDC Group) is UK’s development finance institution and wholly owned by the UK government. It supports businesses throughout Africa and South Asia.
The MasterCard Foundation has a mission to advance education and financial inclusion to catalyze prosperity in developing countries.
Pan-African banking conglomerate present in 36 countries and leading independent regional banking group in West and Central Africa, serving wholesale and retail customers.
OPIC is the DFC - U.S. Government’s development finance institution. It mobilizes private capital in emerging and frontier economies to address development challenges and advance US foreign policy objectives.
