Zitra Seeks N50bn Funding To Deepen Microfinance, Asset Management

Zitra Investments Limited is seeking to raise N50 billion through a Commercial Paper (CP) Programme to deepen capital deployment in its microfinance bank, strengthen the working capital base of its asset management company and accelerate expansion across its business operations.
The company said proceeds from the programme would also be used to expand its geographical reach, deepen transactions and strengthen its digital infrastructure as it positions for further growth.
The plan was disclosed at the signing ceremony for the N50 billion Commercial Paper Programme held in Lagos yesterday, with lead arrangers, issuing houses, solicitors, advisers and executives of Zitra Investments in a...