Commerzbank seeks to limit risk of €57 million advance to BDC
The Botswana institution is looking to the German bank for a sizeable loan facility to expand its SME lending programme.
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▪ Commerzbank seeks to limit risk of €57 million advance to BDC
▪ The Botswana institution is looking to the German bank for a sizeable loan facility to expand its SME lending programme.
▪ https://www.africabusinessplus.com/en/811902/commerzbank-seeks-to-limit-risk-of-e57-million-advance-to-bdc/
The loan facility of minimum €57 million is intended to assist the Botswana Development Corporation Limited (BDC) in supporting Botswana’s SMEs with long-term loans. SMEs account for most of the local entrepreneurial fabric but struggle to access credit – less than 40% benefit from such access.
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