Proxtera and DBG have teamed to offer $100 million in loans to SMEs across the country.

Source: newsthemegh.com/Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

Development Bank Ghana (DBG) and Singaporean FinTech firm, Proxtera, have partnered to provide Small and Medium-sized Enterprises (SMEs) in the country loans worth some $100m.

This is per a Memorandum of Understanding (MoU) signed between DBG and Proxtera on Tuesday, May 14, on the sidelines of the 3i Africa Summit in Accra.

SMEs expected to benefit from the allocated loan amount by the DBG, are those operating in Ghana’s agriculture, manufacturing, information, communications and technology (ICT) and high-value sectors.