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Nigeria, South Africa, others face $209 billion funding gap for Black-owned businesses — Report

A new report by British International Investment (BII), the United Kingdom’s development finance institution, and Swedfund has identified an estimated $209 billion financing gap for Black-owned and…

  • Nigeria faces $131 billion gap, surpassing combined gaps in other four countries.
  • Black-owned businesses dominate small enterprises but struggle in capital-intensive industries.

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