The EIB is putting EUR 15 M into African SMEs via I&P's Entrepreneurs' Fund

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The EIB is putting EUR 15 M into African SMEs via I&P's Entrepreneurs' Fund

Across West Africa and Madagascar, small businesses are driving innovation, creating jobs, and shaping the future of their communities. Yet, for many, securing funding remains a major hurdle for small and medium-sized enterprises (SMEs) in West Africa and Madagascar. With over 70% of SMEs lacking sufficient collateral to obtain traditional bank loans, according to the World Bank, access to capital is severely restricted. High interest rates—rang…