Afreximbank, DBN partner on $75 million finance facility for SMEs, creative sector
Ms Awani said combining finance with practical support will help businesses prepare for export markets and connect with buyers across Africa and beyond. The post Afreximbank, DBN partner on $75 million finance facility for SMEs, creative sector appeared first on Premium Times Nigeria .
Afreximbank and the Development Bank of Nigeria (DBN) have signed a $75 million financing deal aimed at expanding credit access for Nigerian small and medium-sized enterprises (SMEs), particularly those in the creative and export-oriented sectors. The agreement was signed during the Creative Africa Nexus Weekend 2026 in Lagos between Afreximbank's Executive Vice President, Intra-African Trade and Export Development, Kanayo Awani, and DBN's Managing Director and CEO, Tony Okpanachi.
The financing will be disbursed through DBN's participating financial institutions to support working capital, asset acquisition, export financing, and supply chain activities, with businesses in fashion, film, music, and design among the intended beneficiaries.
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- Afreximbank, DBN seal $75m financing deal for SMEs punchng.com
- Afreximbank commits $75 million to DBN to finance Nigerian SMEs nairametrics.com
