Afreximbank Commits $75-Million SME Finance Facility To Development Bank Of Nigeria

The African Export-Import Bank (Afreximbank) has committed a  US$75 million finance facility to the Development Bank of Nigeria (DBN) to expand access to finance for  Nigerian small and medium-sized enterprises (SMEs), including eligible businesses in the creative economy.

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DBN will route the loan through its partner financial institutions to fund eligible small businesses. The facility  will support working capital, asset acquisition, pre-export, post-export and supply chain activities, with  businesses in fashion, film, music, design and the wider creative industries among the intended beneficiaries. 

Announced during CANEX WKND 2026 in Lagos, Nigeria , the facility reflects the event’s focus on connecting  creative enterprises with finance, investment and markets. Mrs. Kanayo Awani, Executive Vice President, Intra African Trade and Export Development, Afreximbank, and Dr. Tony Okpanachi, Managing Director and Chief  Executive Officer, DBN, led the ceremonial signing on behalf of their institutions. 

In line with Afreximbank’s Export SME Development programme, the facility will combine financing with  capacity-building and export-readiness support for beneficiary SMEs, equipping them with the skills, tools and  market knowledge required to strengthen their businesses, become export-ready and access regional and  international markets. 

Alongside the financing, Afreximbank and DBN will jointly develop a capacity-building programme to strengthen  PFIs’ ability to support export-oriented SMEs. Afreximbank will also provide access to its trade platforms,  including MANSA, TRADAR, PAPSS and ATEX, and support market access through the Africa Buyer  Programme, ATDC and the Intra-African Trade Fair (IATF). 

“Our partnership with DBN goes beyond providing capital. We are taking an integrated approach that combines finance  with capacity building, export-readiness support and access to markets. Our objective is to help Nigerian SMEs build  productive capacity, strengthen their competitiveness and make the transition from promising local businesses to  sustainable exporters. At the same time, we will work with participating financial institutions to strengthen their capacity  to better understand, finance and support SMEs throughout their growth journey,” said Mrs. Awani. 

Mrs Awani said combining finance with this practical support would help businesses prepare for export markets  and connect with buyers across Africa and beyond. “For creative enterprises, that advances CANEX’s ambition to  turn African talent and ideas into sustainable businesses that can compete internationally.” 

The partnership combines DBN’s wholesale lending network with Afreximbank’s trade finance expertise,  capacity building and market access support, strengthening local financial institutions’ ability to serve export oriented SMEs. 

“This partnership with Afreximbank represents another important step in DBN’s commitment to expanding access to  finance for Nigerian MSMEs and enabling them to build resilient, competitive and sustainable businesses. The US$75  million facility will provide much-needed financing through our Participating Financial Institutions, while creating greater  opportunities for businesses, particularly those in the creative and export-oriented sectors, to strengthen their productive  capacity and access new markets,” said Dr. Tony Okpanachi, Managing Director/Chief Executive Officer,  Development Bank of Nigeria. 

“Beyond financing, the capacity-building and market-access components of this partnership are particularly important  to us. By strengthening the ability of financial institutions to support export-ready businesses and connecting Nigerian  enterprises to wider African and international markets, we are helping MSMEs move from local businesses to competitive  participants in regional and global value chains. This aligns strongly with DBN’s mandate to address financing constraints  and support inclusive and sustainable economic growth in Nigeria”, He added. 

The Creative Africa Nexus (CANEX) is Afreximbank’s flagship programme for Africa’s creative and cultural  industries. It supports the development of commercially sustainable, export-ready creative businesses through  access to finance, skills, markets, commercial partnerships and policy support. 

CANEX WKND 2026 held from 5 to 8 November at the Wole Soyinka Centre for Cultural & Creative Arts  in Lagos. Organised by Afreximbank, hosted by the Government of Nigeria and delivered in partnership with  the African Union Commission and the AfCFTA Secretariat, it brings together creatives, investors, buyers and  policymakers from Africa, the Caribbean and the diaspora. Its programme includes a Deal Room, finance and  intellectual property sessions, export-readiness training and business-to-business opportunities.