Islamic Corporation for the Development of Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (IDB), and The African Guarantee Fund (AGF) signed a Memorandum of Understanding (MoU) to collaborate in the development of the SME sector in ICD’s member countries in the Sub-Saharan Africa region.
As per the MoU, ICD and AGF will join forces to cooperate in the development of the SME sector in Africa particularly in the Sub-Saharan region through providing term financing, equity investment, lines of financing or guarantees………………………………………..Full Article: Source