Nigeria signed on 3 May in Kigali the agreement to establish the African Export Development Fund (Feda), the subsidiary of the African Export-Import Bank (Afreximbank), the subsidiary of the African Export-Import Bank (Afreximbank). She specializes in impact investing.

Le Nigeria becomes the sixteenth country to have adhered to this establishment agreement . The African Export Development Fund (Feda) considers the new memberships to be “essential to strengthen its scope of intervention and its mission” which is to provide long-term capital to African economies, with an emphasis on industrialization, intra-African trade and value-added exports.

noted that this fund is created to provide equity, virtual equity, and debt capital in an effort to fill the multi-billion-dollar financing gap needed to transform the trade sector in Africa.