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IFC Invests in Stanbic Bank to Support SME Growth in Zambia

IFC Invests in Stanbic Bank to Support SME Growth in Zambia

IFC announced a 200 million Zambian Kwacha (approximately $15 million) loan to Stanbic Bank Zambia, a wholly owned subsidiary of Standard Bank Group. The investment will help Stanbic Bank expand its lending to small and medium enterprises, with at least 25% of the loan earmarked for women-owned businesses in Zambia.

 

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