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Cooperation: Afreximbank reaches a credit agreement in favor of Rawbank of the DRC

18/06/2024
Source : ORISHAS-FINANCE
Categories: Sectors

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Rawbank benefits from a $100 million US trade credit agreement signed by the African Export-Import Bank (Afreximbank).

The facility granted to rawBank will allow it to increase trade flows to and from the Democratic Republic of Congo ( GROUND FLOOR). This facility should also contribute to reducing the pressure on the country's balance of payments by using the trade finance instrument offered by the trade finance program called Afreximbank Trade Finance Facility (AFTRAF). It will also offer business opportunities to Rawbank and its customers, while supporting the economic development of the DRC. According to Haytham Elmaayergi, executive vice president of Afreximbank, in charge of Global Trade Bank, AFTRAF was designed to counter the recurring trend of reducing or withdrawing trade lines granted to African banks by international banks as a result of the

risk mitigation process.

A en croire Didier Tilman, Vice President of Rawbank, in charge of business development, “this agreement with Afreximbank represents not only a substantial injection of capital into our trade finance capabilities, but also a proof of the confidence placed in Rawbank as a major player in economic growth and trade facilitation in the region.”

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