SMEs: NADF, Sahel Capital sign MoU to reduce borrowing costs

By Gabriel Ewepu
ABUJA – IN a bid to boost agribusiness, the National Agricultural Development Fund, NADF and Sahel Capital Fund Manager Limited have signed a Memorandum of Understanding, MoU, to expand access to affordable financing for Small and Medium Enterprises, SMEs, in the agricultural sector.
The partnership which seeks to unlock more private-sector investments in agriculture, is expected to reduce the cost of borrowing for agribusinesses through innovative blended financing arrangements.
Speaking at the signing ceremony, Executive Secretary, NADF, Muhammed Ibrahim, said the agreement marked a deliberate shift from conventional agricultural financing towards building an inve...