SME9ja Competitors

The African Development Bank Group’s mission is to help reduce poverty, improve living conditions for Africans and mobilize resources for the continent’s economic and social development. With this objective in mind, the institution aims at assisting African countries – individually and collectively - in their efforts to achieve sustainable economic development and social progress. Combating poverty is at the heart of the continent’s efforts to attain sustainable economic growth. To this end, the Bank seeks to stimulate and mobilize internal and external resources to promote investments as well as provide its regional member countries with technical and financial assistance.

Established in 2007, Accion Microfinance Bank has a mission, “to economically empower micro-entrepreneurs and low-income earners by providing financial services in a sustainable, ethical and profitable manner.” The bank which has a license to operate nationally in Nigeria, has an extensive branch network where customers have easy access to various products and services that include savings, loans, micro-insurance and e-commerce. Accion Microfinance Bank has solid shareholder investments from three major banks – Ecobank, Zenith Bank and Citi Bank - as well as International Finance Corporation, a member of the World Bank and Accion Investments - all of which contribute to its strong financial base and allow it to service an ever-increasing number of customers. The bank’s corporate social responsibility focuses on education, in which donations of educational materials and supplies are made to pupils of public primary schools. Accion Microfinance Bank has won several awards including the EFInA Award for the financial service provider that has deepened financial inclusion in Nigeria, the Lagos State Enterprise (LEAD) award for Best Microfinance Bank in Lagos State multiple times, and the LEAD Centenary MFB of the Year, for its impact on socio-economic development, contributions to sustainable development, and its commitment to financial inclusion in Nigeria.

The Nigerian Investment Promotion Commission is a Federal Government Agency in Nigeria established to encourage, promote, and coordinate investments in the country. The Agency provides services for the grant of business entry permits, licenses, authorisations and incentives in a One-Stop-Shop environment. The services are provided in a co-ordinated, streamlined, efficient and transparent manner to meet the needs of investors.