Expanding SME finance in Nigeria

ILX participated in financing alongside IFC to one of Nigeria’s largest banks and the flagship entity of one of Africa’s leading banking franchises. After growing rapidly in its home market Nigeria, the borrower has expanded across the region through several high-profile acquisitions, including in Ghana, South Africa, Zambia, Botswana, Kenya, and Rwanda.

The transaction strengthens the bank’s capitalisation, supporting its continued growth and expansion in Nigeria and across its African subsidiaries. In addition to enhancing capital buffers, the transaction is expected to drive a material increase in lending to underserved segments, namely SMEs and WSMEs.