Nigeria: IFC provides Zenith Bank with $100m loan facility
Issue 299
- 01 May 2015
| 1 minute read
The International Finance Corporation (IFC) has agreed to provide a $100m loan facility to Zenith Bank to help it increase its lending to key economic sectors. The funds will come from IFC’s own account and will help reduce the infrastructure funding gap in Nigeria, particularly in the power sector. Lack of infrastructure has been identified as a key impediment to private sector development.
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