IFC, a member of the World Bank Group and the government of Guinea-Bissau signed a Cooperation Agreement to inaugurate the second Africa Leasing Facility program to ease access to finance to small businesses in the country.
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The rating agency expects strong demand in infrastructure financing.
SMEs employ 88 per cent of workers in Zambia.
It is looking to merge the bank with another local institution.
The service will provide banking services to people living in remote areas.
This decision was taken to reduce the country's import bill.
As a lead arranger, this subsidiary of the Islamic Development Bank will be responsible for structuring the transaction.
The central bank also disclosed plans to publish the names of new bank debtors.
This is a pan-African initiative to facilitate access to banking services for rural populations.
Moroccan banks now own nearly a third of branches in Francophone Africa.