NEWS

The high cost of borrowing in Nigeria impedes the growth of SME's, particularly in agriculture.

October 4, 2018

----- READ ON EUROMONEY - See the last part of the article for the Alluvial focus -----

 

'Africa comes under renewed pressure to promote its local bond markets'

 

Wesley Davis, Alluvial's co-founder, says the local bond markets are not an option for most businesses in Nigeria. For a business like Alluvial, which has its operations and revenues in naira, borrowing in dollars is a risk, even if the cost of funding is lower than it would be from naira-denominated sources. 

 

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