U.S. Chamber of Commerce invests $320m in Nigeria for mortgage refinancing, SME support & women's empowerment.

The U.S. Chamber of Commerce has announced a $320 million investment in Nigeria, focusing on mortgage refinancing and support for Small and Medium Enterprises (SMEs). This investment, revealed by Nisha Biswal at the UN General Assembly, includes $200 million for mortgage refinancing, $100 million for First City Monument Bank to aid SMEs—emphasizing women's empowerment—and $20 million for cashew processing firm Robust International.

September 24, 2024
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