Tanzania, May 18 -- Kigali. NMB Bank Plc has signed two strategic financing agreements worth a combined $180 million (over Sh450 billion) with International Finance Corporation (IFC), British International Investment and Norfund to expand lending to small and medium-sized enterprises (SMEs), agribusinesses, women-led enterprises and youth-driven businesses across Tanzania.

The agreements, signed on the sidelines of the Africa CEO Forum in Kigali, comprise $100 million from IFC and $80 million from BII and Norfund.

The facilities are expected to strengthen NMB's lending capacity and support the provision of longer-term structured financing to businesses operating in key productive sectors of the economy.

NMB said in a statement yesterda...