Standard Chartered and CDC have agreed to a supply chain finance programme that will increase financing for SME suppliers in Africa and South Asia, boosting working capital for SMEs. The first countries to benefit from this scheme are expected to be Nigeria, Uganda, Ghana and Kenya. The 50:50 risk share programme will seek to disburse $150 million to SME suppliers.
Trade finance support is inherently developmental since commerce between developing countries and their international commercial partners implies economic activity supporting growth and employment. Support for the supply chain of various industries is integral to the smoother functioning of any developing economy and this facility will assist in that process.
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
- Investment type
We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).
- Trade finance
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.
This is the investee company’s place of incorporation; or a fund’s jurisdiction.
- United Kingdom