DAR ES SALAAM, Feb. 20 -- MWALIMU Commercial Bank (MCB) received a 9bn/- loan from Netherlands-based social investor Oikocredit to boost liquidity and expand SME lending.

Arranged via Africapital with Noblestride Capital as financial advisor, the facility aims to support SMEs by improving access to affordable credit and business growth financing.

MCBs Head of Business Development, Mr James Ngaluko, said the funding will bolster the banks mission to support education-based businesses and expand its SME lending portfolio.

“There is still a significant financing gap across the education ecosystem and related businesses. This facility will enable us to extend financial solutions to support that segment,” Mr Ngaluko said.

Initi...