280M

The United States’ International Development Finance Corporation (DFC) on Monday signed a commitment letter for $280 million in financing for Access Bank Plc in Nigeria. The Chief Executive Officer of DFC, Scott Nathan, signed the letter alongside Access Bank Managing Director, Roosevelt Ogbonna. The loan will help address the financing gap for small- and medium-sized enterprises (SMEs) and advance financial inclusion in Nigeria, a statement said Monday. It will also encourage the bank’s commitment to supporting…

Ben Schoon / 9to5Google: Report: Samsung notified its partners to cut smartphone production for the rest of 2022 and manufacture ~280M devices, down from ~310M as initially planned — Samsung is the biggest smartphone manufacturer on the planet, but it's not immune to the pressure that the entire market has been feeling. Ben Schoon / 9to5Google: Report: Samsung notified its partners to cut smartphone production for the rest of 2022 and manufacture ~280M devices, down from ~310M as initially…