Our investment
The syndicated loan facility was led by FMO and includes other DFIs and impact investors such as DEG, Finnfund, Norfund and Blue Orchard Microfinance Fund. The tier II facility enables Access Bank to raise long-term capital, which is difficult to attract in the commercial market amid the country’s recent recession and elections.
Expected impact
CDC's partnership with Access Bank will enable it to implement its 5-year strategy focused on improving its retail banking offering, increasingly supporting local micro, small, and medium-size enterprises, while creating jobs in the Nigerian economy.
Environmental and social aspects
CDC will support Access Bank to further stenghten the implementation of its E&S management system.
Key facts
- Status:
- Active
- Region
:
Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.
- Africa, West Africa
- Countries:
- Nigeria
- Sector
:
We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people.
- Financial services
- Website:
- https://www.accessbankplc.com
- Investment type
:
We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).
- Direct Debt
- Start date
:
For direct investments, this is the date CDC committed capital to the business or project.
For funds, this is the date that CDC committed capital to the fund.
For underlying fund investments, this is the date that the fund invested capital into the business.e
- January 2019
- Amount
:
For direct investments, this is the total amount that CDC has committed to the business or project (it may be a combination of equity and debt).
For funds, this is the total amount that CDC has committed to the fund.
- $25m
- Domicile
:
This is the investee company’s place of incorporation; or a fund’s jurisdiction.
- Nigeria
