Zvilo bets on Nigeria, Africa to drive €2 billion annual financing target
European trade-finance firm Zvilo Group Ltd. plans to make Africa its biggest market by 2030, with its expansion across the continent expected to drive global annual disbursements to €2 billion. The post Zvilo bets on Nigeria, Africa to drive €2 billion annual financing target appeared first on Nairametrics .
Trade finance firm Zvilo Group Ltd. has set ambitious targets to drive €2 billion in annual financing to Africa by 2030, with a particular focus on Nigeria and South Africa among other nine African countries. Zvilo Africa's CEO, Peter Maila, revealed these plans in an interview with Bloomberg, as reported on October 28, 2026. The expansion aims to cater to small and medium-sized enterprises (SMEs) in sectors such as mining, banking, insurance, and supermarket retail, enabling them to secure payment for their invoices before the buyers' settlement dates.
This model helps SMEs meet their operational expenses and supply stock. As of now, Zvilo has disbursed over €450 million to approximately 3,900 businesses across 41 countries, with ambitions to support 15,000 businesses globally by 2030. The company recently opened an office in South Africa in July 2026, committing an initial R2 billion in working capital, which it plans to expand to R10 billion within three to five years.
Maila added that Zvilo intends for South Africa to become its largest individual country market in Africa by 2030, while Nigeria and South Africa will collectively account for the majority of the company's lending portfolio by the end of the decade.
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