The final blow came last month, when the Central Bank of Nigeria published a list of 46 microfinance banks whose licences had been revoked with immediate effect.
Zafiri will serve as a blended finance vehicle — meaning it uses a mix of concessional (low-cost) and commercial capital — to help de-risk investments in companies delivering DRE solutions.
The timing of IFC’s reform push is hardly ideal. ESG investing, once the darling of asset managers and development financiers, is facing a growing global backlash .
The final blow came last month, when the Central Bank of Nigeria published a list of 46 microfinance banks whose licences had been revoked with immediate effect.
“It was pretty heartbreaking to be technically competent and have a team composed of a second-time founder and still have to deal with this type of sexism.”
