Zvilo Group Targets €2 Billion Financing in Africa by 2030

Zvilo Group Ltd., a European trade-finance firm, plans to establish Africa as its largest market by 2030, with a target of €2 billion in annual financing. Peter Maila, Chief Executive Officer of Zvilo Africa, revealed these targets in an interview with Bloomberg on October 28, 2026.

The expansion will cover nine African countries, including Nigeria and South Africa. Founded in 2018, Zvilo provides trade finance and working capital to small and medium-sized enterprises, facilitating operations while awaiting customer payments.

By the end of the decade, sub-Saharan Africa is expected to constitute the majority of Zvilo's lending portfolio. The company has disbursed over €450 million to approximately 3,900 businesses across 41 countries and aims to increase this to 15,000 businesses globally by 2030.

Zvilo's strategy focuses on financing smaller businesses that supply major corporations, particularly in sectors like mining and retail. The company opened offices in South Africa in July, with an initial R2 billion commitment, aiming to increase this to R10 billion in three to five years.