NEXIM launches US$26m seed fund to support women and youth exporters

NIGERIA – The Nigerian Export-Import Bank (NEXIM) has launched N10 billion (US$26.23m) seed fund to support women and youth exporters under a new programme coined Women and Youth Export Facility (WAYEF).  Managing Director of the bank, Mr. Abubakar Bello, who spoke at the launch in Abuja, described empowering women as smart business, owing to the multiplying effects of women’s businesses on their families and the larger society. Bello explained that the bank has provided enormous support for many export-oriented industries that are high employers of women and youth such as…

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Afreximbank, NEXIM partner to launch Joint Project Preparation Fund for trade sector

NIGERIA – African Export-Import Bank (Afreximbank) and Nigeria Export-Import Bank (NEXIM) have entered into a Memorandum of Understanding (MoU) to establish a Joint Project Preparation Fund. The fund will provide early project preparation financing and technical support services to public and private sector entities operating in Nigeria’s trade sector. The Joint Project Preparation Fund will support public and private sector investors by providing technical and financial support services that will result in a steady pipeline of well-structured, bankable projects that Afreximbank, NEXIM and other financial institutions can readily finance. Under…

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