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Development of inter-African trade: AfDB approves 100 million euros with AWB

06/11/2023
Source : ORISHAS FINANCE
Categories: Sectors

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Dans le but d' assurer le développement du commerce en Afrique, la African Development Bank (AfDB) and Attijariwafa Bank have approved a risk participation agreement (APR) of 100 million euros.

The agreement between ADB and Attijariwafa bank came in a context of tightening regulatory capital and compliance standards on the continent. Indeed, the risk participation agreement intends to meet the growing demand from African markets for financing foreign trade, in vital economic sectors such as agriculture and agribusiness, renewable energies, manufacturing, health, telecommunications, transport and services. This agreement will strengthen the capacity of African banks and that of their SME clients by consolidating relationships of trust between actors in the African banking system in order to accelerate the development of regional and international foreign trade, and help small and medium-sized enterprises operating in several African countries to have access to trade finance instruments

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