British International Investment has partnered with Ghana International Bank through a $50 million agreement to strengthen trade across seven African nations. The funds will help businesses access loans from local banks in The Gambia, Sierra Leone, Liberia, Benin, DR Congo, Rwanda, and Tanzania. This partnership addresses a critical need in regions where global banks hesitate to operate because they view these markets as high-risk. BII and GHIB officials shared these details with Semafor recently.
Kwabena Asante-Poku, who leads BII operations in Ghana, explained that their goal is to make the biggest impact possible. The partnership aims to provide local companies with money to buy necessary goods and equipment for business growth and...