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African Export‑Import Bank (Afreximbank) has extended a USD 15 million SME Finance Facility to Ecobank Zimbabwe Limited under its Export SME Development Programme (ESDP).The facility will provide working capital and capital expenditure financing to Small and Medium Enterprises (SMEs) operating within export value chains across key sectors of the Zimbabwean economy, including agribusiness, manufacturing, healthcare, […]
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A cargo ship sits low in the water at a harbor in Dar es Salaam, its massive steel hull groaning against the dock. On the manifest are the essentials of modern life: fuel, fertilizers, and grain. But the paperwork required to move these goods has become a labyrinth of risk. In a boardroom in Washington, […]
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To counter the severe economic shocks triggered by the escalating conflict in the Middle East, the Board of Directors of African Export-Import Bank (Afreximbank) has approved a US$10 billion Gulf Crisis Response Programme (GCRP) to insulate African and Caribbean economies, financial institutions and corporates from the impact of the ongoing Gulf crisis. The conflict, which […]
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Mauritania has taken a significant step toward strengthening its economy after signing a $1 billion five-year framework agreement with the International Islamic Trade Finance Corporation (ITFC). The agreement, covering 2026–2030, aims to expand trade capacity, strengthen key sectors, and support long-term economic development. The deal was signed during an official visit by Mauritania’s Minister of […]
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By Abdul Yassim,Head: Trade and Working Capital South Africa and Mosa Tshabalala, Head: Institutional Trade and DSI Sales, Absa CIB If one were to speak to African suppliers who trade across borders, many would say that doing business within the continent can feel riskier than exporting beyond it. Especially for small and medium-sized enterprises (SMEs), […]
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The African Export-Import Bank (Afreximbank) and the International Trade Centre (ITC) have renewed and expanded their memorandum of understanding (MoU), underscoring their commitment to strengthening intra-African trade, small and medium-sized enterprise (SME) competitiveness, and South-South cooperation. The MoU was signed on the sidelines of the recently concluded Intra-African Trade Fair 2025 (IATF2025) by Prof. Benedict […]
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By Noloyiso Mpanza – Executive Lead, Sustainable Finance, Transaction Banking at Standard Bank CIB and Nompilo Mtshali – Executive Head of Documentary Trade & Supply Chain Finance Product at Standard Bank CIB Africa finds itself at a crucial juncture in its path toward development. The continent is facing an unprecedented urgency for robust and resilient […]
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Standard Chartered, a leading international cross-border bank, and British International Investment (BII), the UK’s development finance institution (DFI) and impact investor, announce the signing of a USD350 million risk participation agreement. This facility aims to bolster the trade finance needs of SMEs and corporates across Africa and South Asia and to boost economic growth in […]
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Noloyiso Mpanza: Executive Specialist for Transaction Banking, and Msawenkosi Hlanti Executive Head for Trade Sales, Transaction Banking at Standard Bank Corporate and Investment Banking Many African countries – with South Africa, Kenya, and Nigeria as leaders – are working hard to decarbonise and fulfil their net-zero commitments. This presents a significant opportunity for growing renewable […]
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In 2020, the World Bank Group’s Multilateral Investment Guarantee Agency (MIGA) and the Eastern and Southern African Trade and Development Bank (TDB) signed a first-of-its-kind credit enhancement facility providing a 10-year EUR 359 million guarantee for commercial bank financing extended to TDB for trade finance, with longer tenors and lower interest rates. In December 2023, […]
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