United Bank for Africa Partners with Africa Continental Free Trade Area to invest US $6 Billion into SMEs in Africa
Africa’s Global Bank, United Bank for Africa (UBA) Plc, on Monday, signed an agreement with the Africa Continental Free Trade Area (AfCFTA) Secretariat to invest $6billion as funding for African Small and Medium Enterprises within the next three years.
A breakdown of the $6bn investment shows that a total of $1.2bn has been budgeted for the year 2023; $1.9bn for 2024 and $2.88bn for 2025.
Source: News Ghana (link opens in a new window)
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