Absa Bank Kenya Plc has partnered with Google Hustle Academy to offer business training and financial support to small and medium-sized enterprises (SMEs) in Kenya over the next year. The initiative aims to reach and impact 3,000 SMEs and has already launched three cohort training sessions.

According to TimesLIVE, Africa's economic growth is significantly dependent on the ability of small and medium-sized enterprises (SMEs) to efficiently manage financial transactions, endure economic shocks, and engage fully in the market. The development of robust financial systems is essential for these businesses to thrive and contribute to a sustainable economic transition.

Wema Bank has obtained a €50 million financing facility from EIB Global, the European Investment Bank's development arm, aimed at enhancing credit access for small and medium-sized enterprises (SMEs), particularly those owned by women and youth. The agreement was signed in Lagos and represents the first transaction between Wema Bank and EIB Global.

Absa Bank Kenya and Unilever Kenya have entered into a KSh 4 billion financing agreement aimed at improving access to working capital for distributors and retailers. This initiative is intended to enhance Kenya's consumer goods value chain and support the growth of small and medium-sized enterprises (SMEs).

Lagos State Governor Sanwo-Olu, represented by Babatunde Onigbanjo, announced the launch of a N10 billion Cooperative Fund aimed at promoting the growth of micro, small, and medium enterprises (MSMEs) and fostering peace in the region. The governor highlighted that over 16,000 cooperative societies are registered in Lagos, which operate through 24 Area Offices and play a crucial role in grassroots economic development.

The NCGC and SMEDAN have signed a Memorandum of Understanding (MoU) aimed at enhancing access to affordable loans and financing for Micro, Small, and Medium Enterprises (MSMEs) in Nigeria. This partnership is expected to contribute to economic growth and job creation in the country.