New Investments
Oikocredit Injects $10 Million to Boost African SMEs in Partnership with AfricInvest
This new partnership will unlock greater access to credit for underserved SMEs.
APC specializes in offering medium to long-term loans, particularly to businesses that struggle to secure financing from traditional institutions due to a lack of collateral.
Oikocredit’s investment will allow APC to expand its lending activities, reaching a wider range of companies in various African countries.
“We’re proud to partner with Oikocredit,” said Kouraiech Belhajali, CEO of APC.
“This funding will enable us to continue supporting underserved businesses in Africa, extending our reach and target market. With this capital injection, we aim to significantly enhance our impact on economic growth, job creation, and financial inclusion.”
Lewis Nyaga, an investment officer at Oikocredit, echoed the sentiment saying:
“We’re thrilled to announce this partnership with AfricInvest and this crucial debt facility designed to strengthen African SMEs.”
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