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Factoring: AFREXIMBANK and BNDE sign a 20 million euro loan agreement

12/06/2023
Source : ORISHAS FINANCE
Categories: Sectors

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Le mercredi 7 juin 2023 a eu lieu à Dakar une cérémonie de signature de convention of an amount of 20 million euros or 13,119 billion FCFA. The signing was made between Kanayo Awani, managing director, Afreximbank intra-African commercial initiative, and BNDE CEO Abdoulaye

NIANE.

SMEs account for nearly 90% of businesses in Sub-Saharan Africa and 38% of regional GDP according to World Bank estimates. GIZ indicated in its report that small and medium-sized enterprises (SMEs), including very small businesses, represent 98% of businesses in Senegal, making them the backbone of the Senegalese economy. But they only benefit from 9% of loans granted to businesses.

In April 2023, a cumulative turnover of F CFA 16 billion has been achieved since start-up. Construction and business services (transport and services) (33%), retail and retail (32%), telecoms (19%) and health (16%) are the most important sectors

.
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