UK development finance institution CDC Group on June 8 announced a $50-million risk-sharing facility with Absa Bank, which increases Absa's capacity to offer financing solutions to micro-, small- and medium-sized enterprises (MSMEs) and households across sub-Saharan Africa through microfinance institutions (MFI) and non-bank financial institutions (NBFIs). The risk-sharing facility is the CDC's first facility supporting local currency medium- and longer-term lending to MFIs and NBFI.
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