#loans

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.

In the 2026/2027 budget, women, youth, and people with special needs in Tanzania will see an increase in loan allocations from 10% to 15%. Mary Chatanda, the Chairperson of the Tanzania Women’s Union and a special seat MP, stated on June 23, 2026, in Dodoma that President Samia Suluhu Hassan is committed to supporting these groups both in words and actions, which is reflected in the budget increase.

The Trump administration has announced a $17.5 billion initiative to accelerate the development of 10 new large nuclear reactors, aimed at addressing the increasing power demands from large data centers. Energy Secretary Chris Wright highlighted the significant interest from developers in this sector during the announcement made in the Oval Office, which included President Donald Trump and Commerce Secretary Howard Lutnick.

According to Techpoint Africa, the Lagos State Employment Trust Fund (LSETF) has reported that over the past 10 years, it has disbursed more than 15 billion naira in loans to over 20,000 micro, small, and medium enterprises. Additionally, LSETF claims to have supported more than 82,000 small businesses through various capacity-building programmes.

According to CampusBee, over 58% of beneficiaries of the Higher Education Students’ Financing Board (HESFB) government loan scheme for university education are currently defaulting on their loans. The situation has become more serious, as there are discussions about potentially publishing the names of those who have defaulted.