South Africa: African Development Bank Approves $310 Million Financial Package for Firstrand Bank to Scale Up Lending to MSMEs, Women Entrepreneurs and Agribusinesses in South Africa

[African Development Bank (AfDB)] The Board of Directors of the African Development Bank Group has approved a $310 million financial package to FirstRand Bank, one of the largest financial institutions in Africa. This support will significantly increase access to finance for micro, small, and medium-sized business enterprises (MSMEs), with a particular focus on women-led businesses and agribusinesses in South Africa. Source