#lending

Commercial bank credit to Nigeria's manufacturing sector has decreased by N1.92 trillion, attributed to funding gaps and high lending rates that are hindering access to finance for manufacturers, according to Punch.

4G Capital has provided over $1 billion in loans to small businesses in Kenya and Uganda, reflecting a growing need for working capital among entrepreneurs often excluded from traditional financing. Since its inception in 2013, the Nairobi-based fintech has served approximately 800,000 customers and issued more than 7.6 million short-term loans.