The African Development Bank Group (AfDB) and Standard Bank Group (SBG) have entered into a groundbreaking financial partnership aimed at enhancing access to capital for small, medium, and micro enterprises (SMMEs) and strengthening trade finance across Africa. This initiative, signed on Monday, includes a R3.6 billion (approximately $190 million) investment in a social bond and a $200 million Risk Participation Agreement (RPA) to support Standard Bank of South Africa Limited (SBSA).
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