The Development Bank of Nigeria (DBN) was conceived by the Federal Government of Nigeria (FGN) in collaboration with global development partners to address the major financing challenges facing Micro, Small and Medium Scale Enterprises (MSMEs) in Nigeria. Our partners include: - World Bank (WB) - African Development Bank (AfDB) - KfW Development Bank - French Agency for Development (AFD) - European Investment Bank (EIB) Our objective is to alleviate financing constraints faced by MSMEs and small Corporates in Nigeria through the provision of financing and partial credit guarantees to eligible financial intermediaries on a market-conforming and fully financially sustainable basis.
$70M sweet spot round size
$70M
from 2 investors over 1 rounds
Development Bank of Nigeria Plc raised $70M on May 19, 2018
Investors: European Investment Bank and African Development Bank