The United Bank for Africa (UBA) and African Guarantee Fund (AGF) on Monday signed a partnership that ensures that UBA provides US$100m in new loans to small and medium size enterprises (SME) and business owners across the 20 African countries where the bank has presence.
The AGF under this agreement will support and guarantee SMEs with US$50m Portfolio Guarantee as well as facilitate extensive capacity development for the bank’s teeming customers who run small businesses across the continent, paying special attention to women-led businesses and green finance projects.
