The African Development Bank has invested R5.4 billion in a landmark financing deal with Standard Bank Group that will expand funding for South African SMEs, with a strong focus on women owned businesses.

Mmakgoshi Lekhethe, chief executive officer of the IDC, said the partnership combines complementary strengths.

The African Development Bank has invested R5.4 billion in a landmark financing deal with Standard Bank Group that will expand funding for South African SMEs, with a strong focus…