On Monday, March 10, the branch of the African Export-Import Bank and (Afreximbank) responsible for development impact investments signed the agreement establishing the African Export Development Fund (FEDA) by Uganda. The aim is to broaden the scope of intervention of the Fund.

The FEDA is expanding its presence to 21 member states now with the accession of Uganda. The Fund is thus strengthening its role as a key player in building Africa's economic future. According to Marlene Ngoyi, Executive Director of FEDA, “Uganda's decision to join FEDA demonstrates the country's confidence in the Fund's mission and its commitment to accelerating Africa's economic transformation, the development of value-added exports and industrialization. We look forward to deepening our cooperation with the Ugandan government and the private sector to mobilize capital and invest in manufacturing and export-related sectors, and to unleash the region's immense potential for sustainable development.” Uganda's accession is part of a recent wave of FEDA memberships, strengthening the Fund's capacity to provide long-term capital to African economies

A noter que le Fonds de développement des exportations en Afrique (“FEDA”) est la filiale d' investissement à impact d' AfreximBank , created to provide equity, virtual equity, and debt capital to finance the multi-billion-dollar funding gap (especially equity) needed to transform the trade sector in